While auditors may not need to have the same expertise of a person whose primary role is to detect and investigate fraud, they are expected to have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organisation. At times, the auditors may also need to pursue further on red flags and resolve allegations of fraud with evidence. Hence, a certain level of understanding and skills on forensic auditing will assist auditors to discharge their responsibility in this area. The purpose of this course is to provide the necessary skill sets to gather the proper audit evidence to prove existence or nonexistence of frauds. It takes years to get years’ experience. Take a shortcut by learning from those who already have it.
By the end of the course participants will be able to: - Understand fraud and how it affects organisations
- Understand regulatory rules on fraud risk management- Why you should never ignore fraud risk
- Triangle of Fraud (1950s) vs Pentagon of Fraud (today)
- Audit vs Investigation vs Forensic Accounting vs Forensic Auditing
- Proactive and Reactive approaches
- Identify reasonable predication for a forensic audit engagement
- Constitute forensic audit teams.
- Design the forensic audit work plans.
- Develop the right forensic tests to detect fraud
- Develop proper forensic exhibits
- Protect potential forensic evidence.
- Gather the proper evidence to support litigation if necessary.
- Ensure forensic audit tests will pass the Daubert Rule.
- Gain competitive report writing skills
Scope: Global Mode of training: Virtual Time: From 9:00am to 12:00pm
Dates:
August 03-14, 2020
Oct 05-16, 2020
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