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In House Training

IIR CTS In House Training



Agenda

Seminar Timings : Registration and coffee will be at 07:30 on Day One. All four days will run from 8:00 to 15:30 with a refreshment break at 10:30 and lunch at 12:30.

Summary Of Key Areas That Will Be Covered:
 
• The seven principles of fraud audit
• Using the fraud triangle to prevent fraud
• Data filtering – practical tools
• Famous fraud methods
• Forensic accountants skill set		 • Following the money
• Analysis with graphical tools
• Acting as an expert witness
• Rules of evidence
• Fraud case studies and examples


 

Developing A Successful
Financial Fraud Prevention Strategy


The first part of the seminar will cover the key elements of fraud auditing as a tool for fraud prevention. It will explore the inherent limits of internal control in preventing fraud, and show how fraud audit can be used to make fraud defences more effective. At the end of this part you will be able to:
 
• Explain how fraud audit can help your business
• Find arguments that will convince management		 • Start a project that will find fraud
• Know what to do with the incidents you find

 
Day One:

The Fundamentals
• Who needs fraud auditing?
• Seven principles of fraud audit
• Thinking as a fraud auditor
• What is forensic accounting?

Using The Fraud Triangle To Prevent Fraud
• Closing the opportunities
• Reducing the incentive
• Exposing the rationalisations

Knowing Friends And Foes
• Accidental fraudsters
• Career fraudsters
• The corporate psychopath
• Whistleblowers – whose side are they on?		 Day Two:

Deciding What To Audit
• Where are the risks?
• Purchase and payment
• Sales and receivables
• Complex projects
• Bank and treasury

Data Filtering – Case Study
• A case study using ACL and Excel
• Converting data into information
• From information to intelligence
• Bank and treasury

Famous Fraud Methods
• Conflict of interest
• Real estate flipping
• Middleman supplier
• Pyramid schemes
• Loan lapping
• FX trading tricks
• Smash and grab
• Guarantee repair
• Offshore commission


Successfully Conduct A
Forensic Accounting Investigation


The second part of the seminar will cover the role of forensic accounting within an investigation.You will analyse accounting data, identify the fraudulent transactions,quantify the amount of the fraud and prepare a forensic accounting report to be used as evidence in court. At the end of this part you will:

• Know when and where to use forensic accounting
• Know how to organise forensic accounting projects
• Know how a forensic accounting report is prepared

 
Day Three:

The Forensic Accountant Skill Set
• Accountancy experience
• Investigation technique
• Legal evidence
• Graphic tools
• Presentation skills

Fraud Case Study
• A serious fraud is suspected
• Zeroing in on the evidence
• Avoiding time-wasting distractions
• Securing primary evidence

Understanding The Fraud
• Investigative mentality
• Following the money
• Establishing a pattern of conduct
• Maintaining objectivity

Graphic Description Tools
• I2 analysts notebook
• Smart draw
• Analytical approach to data
• Graphics as a reporting tool		 Day Four:

The Truth Is In The Details
• Data in expense reports
• Reconciliation work
• Data from the investigation team
• Shredded documents
• Working with whistleblowers

Forensic Accountant As An Expert Witness
• The expert’s role
• Attitude and appearance
• Examination
• Surviving cross examination

Gathering Evidence
• Rules of evidence
• Chain of custody
• Secondary evidence
• Legal acquisition