Forensic Accounting: Uncover and Combat Financial Fraud
What you'll learn
- Introduction to Forensic Accounting
- Understanding the nature and types of fraud
- Importance of Forensic Accounting in identifying economic crimes
- Role of Forensic Accountants in investigating fraud cases
- Differentiating Forensic Accounting from traditional audits
- Recognizing red flags and indicators of fraudulent activities
- Steps and techniques involved in conducting a fraud investigation
- Establishing an effective anti-fraud program
- Utilizing tools and methods for fraud detection
- Training employees and reducing opportunities for fraud
- Writing comprehensive and effective investigation reports.
- Identifying specific red flags in financial departments. Defining objectives and terms of reference for fraud detection
- Direct and indirect evidence collection strategies. Conducting string operations in investigations
- Developing and implementing an anti-fraud program. Utilizing tools and techniques for fraud detection
- Training employees to minimize opportunities for fraud. Writing effective and comprehensive investigation reports
- Basic understanding of accounting and audit concepts
Welcome to the captivating realm of Forensic Accounting, where financial expertise meets investigative prowess. This course is your gateway to a fascinating world where numbers tell compelling stories and financial irregularities are unraveled through meticulous analysis.
Section 1: Introduction
Lecture 1 initiates our journey with a captivating Introduction to Forensic Accounting, setting the stage for a deep dive into the intricacies of financial investigation. As we explore the multifaceted landscape of forensic accounting, you'll gain insights into its fundamental principles and real-world applications.
Section 2: Getting Started
In Lecture 2, we demystify the essence of Forensic Accounting, shedding light on its definition and the critical details surrounding this specialized field. Lecture 3 further unfolds the layers, providing an in-depth understanding of the various components integral to Forensic Accounting. Lecture 4 underscores the imperative need for forensic expertise, laying the foundation for your exploration.
Section 3: What Does a Forensic Accountant Do
Discover the day-to-day activities and responsibilities of a Forensic Accountant in Section 3. Lectures 9 and 10 unravel the critical roles played by these professionals, including investigations into employee fraud and economic losses. Lecture 11 delves into the intricacies of preliminary investigations, emphasizing the significance of gathering relevant evidence.
Section 4: Forensic Accounting Different From an Audit
Differentiate between Forensic Accounting and traditional audits in Section 4. Lectures 14 and 15 delve into the nuances, highlighting the distinctions and complexities that set forensic accounting apart. In Lecture 16, explore captivating stories of scams and frauds from around the world, gaining insights into the global landscape of financial misconduct.
Section 5: Type of Red Flags
Embark on the journey of uncovering potential fraud indicators in Section 5. Lecture 18 introduces you to red flags in forensic accounting, providing valuable insights into recognizing warning signs. Lectures 19 and 20 elaborate on different types of red flags, with a specific focus on identifying payroll fraud in Lecture 21.
Section 6: Steps in Conducting an Investigation
Master the art of conducting effective investigations in Section 6. Lectures 22 to 29 guide you through defining investigation objectives, finalizing terms, and collecting both direct and indirect evidence. Lecture 30 introduces the strategic use of string operations in forensic investigations.
Section 7: Fraud Program
Understand the proactive side of Forensic Accounting with Section 7. Lectures 31 and 32 unveil the importance of an Anti-Fraud Program, equipping you with knowledge on designing and implementing effective measures to prevent and mitigate fraudulent activities.
Section 8: Fraud Detection and Investigation
Empower yourself with tools and techniques used in fraud detection in Section 8. Lecture 33 explores the strategies employed, while Lectures 34 and 35 emphasize the significance of employee training, opportunity reduction, and effective report writing in the realm of Forensic Accounting.
Embark on this educational journey, where financial acumen meets investigative skill, and unravel the secrets hidden within the numbers. The world of Forensic Accounting awaits your exploration.
Who this course is for:
- Students, Professionals, Accountants, Tax professionals, Anyone who wants to understand forensic accounting
EDUCBA is a leading global provider of skill based education addressing the needs of 1,000,000+ members across 70+ Countries. Our unique step-by-step, online learning model along with amazing 5000+ courses and 500+ Learning Paths prepared by top-notch professionals from the Industry help participants achieve their goals successfully. All our training programs are Job oriented skill based programs demanded by the Industry. At EDUCBA, it is a matter of pride for us to make job oriented hands-on courses available to anyone, any time and anywhere. Therefore we ensure that you can enroll 24 hours a day, seven days a week, 365 days a year. Learn at a time and place, and pace that is of your choice. Plan your study to suit your convenience and schedule.