Forensics Accounting

Thinking of starting your career in Forensics Accounting?

Then you have landed in the right place.

The overall aim of this crash course Forensics Accounting is to explore and examine key concepts, methods and techniques used in the Forensics Accounting practical usage and also to look at the organisation, the group, the individual and their interaction within the confines of the Fraud, the law and the Forensics Accounting implementation.

Forensics accounting is an application of the investigative and analytical skills, for the purpose of resolving financial crimes in a manner that meets standards required by the courts of law. Generally, the forensics accounting is not limited to the use of the financial investigations that result in a legal prosecution; however, it’s the purpose which most likely going to define the forensic nature. And the relevant investigation, analysis and the findings must fulfil the required standards of the court of law.

Forensics Accountant applies special skills in accounting, finance, quantitative methods, certain areas of law, research, and investigative skills to collect, analyse, and evaluate evidential matter and to interpret and communicate findings.

The Forensics Accountants involve in the mix of accounting and private investigations. In other words, the the Forensics Accountants are the private investigators with a strong financial background who possess knowledge of the professional standards in accounting and the law. Auditing knowledge and skills are also considered as extremely helpful to the forensics accountant, as well as the ability to think “out of the box” is greatly appreciated.



What Will You Learn?
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- Understanding the term forensics accounting, the categories and the broad stages of forensics accounting

- The complete forensics accounting fraud investigations processes from the engagement process to the reporting of investigation findings process.

- What is the knowledge, skills and credentials required of a forensics accountant

- What are the roles of forensics accounting and external auditors

- Types of audit report

- Differences between the fraud and error

- Threats and problems relating to auditing services

- How to ‘calculate; the criminals

- What are situation dependent criminals

- What is kind rationalisation and how it is used in forensics accounting investigations criminal profiling

- Typical profile and traits white-collar criminal

- What is data driven fraud detection

- Brief summary of the Sarbanes-Oxley Act (2002) compliance

- Internal control systems: objectives, essential features, and components

- Testing Transaction cycles by using control questions

- How to develop an internal control system

- What is timing, communication, prediction and investigation risk pertaining to forensics accounting fraud investigations

- How to gather and secure clients information required for the fraud investigation

- What is forensics identification question document analysis and how it serves as an investigation technique

- Definition of fraud theory approach and fraud schemes approach, and the differences between both of the approaches

- How to detect fraud using Bedford’s high probability of lowest numbers analysis

- How to plan for a forensics accounting interview

- Types of interviews and different evidence collection interviews approach employed by the Forensics Accountants

- Forensics accounting interview constraint and how to overcome them

- Content of a signed confession and release of information

- Financial statements frauds; it effects on the entity, how to prevent them from occurring, red-flags indicating possible perpetration of financial statement fraud

- The steps in developing the effective analytical procedures

- Analytical procedures and techniques employed by the Forensics Accountants