Forensic accountants know all too well the increasing pressure to accurately detect fraudulent financial reporting and to preemptively redesign internal controls to prevent misappropriation of assets. The unique combo of recent economic news and events, plus the endless spotlight of major business failures and scandals, only perpetuates the forensic accountant’s burden. This seminar will sharpen your forensic skills with techniques to uncover fraudulence in all of its guises.
DESIGNED FOR
Accountants in industry and public practice who are responsible for designing internal control systems or are involved in forensic accounting activities.
BENEFITS
- Determine the differences between the role of the forensic accountant and traditional accountant
- Identify the foundational components of AU-C Section 240
- Determine how to use forensic techniques to ferret out fraudulent activity
- Recall analytical and investigative techniques used in forensic engagements
- Recognize the importance of chain of custody in handling critical documents reviewed in the process
- Prepare an effective written forensics report
- Apply best practices to improve your success and credibility on the witness stand
HIGHLIGHTS
- Role of the forensic accountant
- Developing the engagement agreement
- Common fraud scams
- Identifying sources for corroborating data
- Testifying as an expert
- Analytical and investigative techniques
- Approaches to detect under-/over-valued assets
- Developing a written report
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in accounting and financial reporting.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.