Financial Accounting Review & Fraud Detection Training Course

Course Description

This intensive 5-day course provides a comprehensive review of financial accounting principles and advanced fraud detection techniques. Participants will gain practical skills in identifying red flags, implementing preventive measures, and conducting forensic investigations. The course combines theoretical knowledge with hands-on exercises to ensure a thorough understanding of financial fraud detection and prevention.

Learning Objectives

• Master key financial accounting concepts and their application in fraud detection
• Develop skills to identify and analyze potential fraudulent activities in financial statements
• Learn advanced forensic accounting techniques and tools
• Understand the legal and ethical considerations in fraud investigation
• Gain practical experience in implementing fraud prevention strategies

Course Modules

Day 1: Financial Accounting Review

• Fundamentals of financial reporting
• Analysis of financial statements
• Regulatory framework and standards
• Common accounting manipulations

Day 2: Introduction to Fraud Detection

• Types of financial fraud
• Red flags and fraud risk indicators
• The fraud triangle concept
• Case studies of notable fraud incidents

Day 3: Forensic Accounting Techniques

• Data analytics for fraud detection
• Benford's Law and its applications
• Ratio analysis and trend identification
• Digital forensics in accounting

Day 4: Advanced Fraud Detection Methods

• Machine learning in fraud detection
• Continuous monitoring systems
• Interviewing techniques for fraud investigation
• Building a fraud response plan

Day 5: Fraud Prevention and Ethical Considerations

• Designing internal controls
• Fraud risk assessment methodologies
• Legal and regulatory compliance
• Ethical decision-making in fraud prevention

Practical Wins for Participants

• Ability to quickly identify potential fraud indicators in financial statements
• Practical skills in using data analytics tools for fraud detection
• Knowledge to design and implement effective fraud prevention strategies
• Enhanced capability to conduct thorough fraud investigations