European Institute of Management and Finance | Introduction to Forensic Accounting
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Introduction to Forensic Accounting

Introduction to Forensic Accounting


As Al Pacino said in the movie The Recruit, “Things are not what you think they are.” The rapid increase in fraud cases and recent major corporate accounting scandals like Enron, WorldCom, and Bernard Madoff emphasized the importance of forensic accounting in conducting an examination into a company’s financial statements.


Forensic accounting is a challenging discipline which analyses, inspects and examines “the flow of money” along a “paper trail” in the search for fraud, embezzlement, or hidden assets. After all, Forensic Accountants are considered as: “The Sherlock Holmes of the accounting world” (Messmer, Max)


The programme will introduce participants to Forensic Accounting, will cover reasons behind fraudulent acts, look at the most important types of Occupational Fraud, basic investigation techniques and measures for prevention.



Programme Objectives


By the end of the programme, participants will be able to:


  • Understand what is Forensic Accounting
  • Learn the reasons behind fraudulent acts
  • Learn the main types of Occupational Fraud
  • Learn how to identify cases of potential fraud in the workplace
  • Analyse and interpret financial information
  • Apply basic investigation techniques
  • Apply basic prevention measures



Programme Outline


  • Introduction to Forensic Accounting
  • Fraud Triangle
  • Fraud in the Workplace with emphasis on Financial Statement Fraud
  • Red flags
  • Analysis and interpretation of financial information
  • Basic investigation and interview techniques
  • Basic prevention measures
  • Case studies



Training Style


This programme is designed to deliver knowledge and enhance participants’ skills via brief lectures, practical examples and case studies. The training will focus on providing participants with a basic understanding of Forensic Accounting and awareness of the most significant types of Occupational Fraud for example Financial Statement Fraud and Asset Misappropriation.


Significant amount of time will be invested in analysing real-life case studies which will assist participants to develop the necessary skills so as to handle a potential case.



CPD Recognition


This programme may be approved for up to 7 CPD units in Accounting Standards. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.


Professionals requiring CPD units to meet the education requirements for an occupational licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Accounting Standards, are advised to consider training subjects in categories that indicate CPD training in Accounting Standards.



Who Should Attend


The programme is ideal for:


  • Internal Auditors of both public & private sectors
  • External Auditors
  • Accountants
  • Lawyers
  • Risk Management professionals
  • Compliance Officers
  • Financial Controllers & Directors