Detection And Prevention Of Fraud (Forensic Auditing)

Gain a thorough knowledge of fraud detection and prevention to mitigate the risk of financial loss due to fraud through the maintenance of an effective audit function.

Additionally, one of the best measures that any organization can take to mitigate the loss associated with fraud is to equip employees with the skills and techniques needed to detect and prevent it.

Maintaining an in-depth knowledge of fraud and how it can be detected and prevented is essential to maintaining the financial integrity of any organization, large or small.

Who Takes This Course: This course is designed for auditors at any level of government as well as program managers and financial managers responsible for eliminating waste, fraud, and abuse in Federal programs.

Learning Objectives:

• Explain the increasing importance of fighting fraud within the federal government, the functions a forensic audit serves, and the various roles the auditor must assume in conducting a forensic audit
• Explain the federal laws, auditing standards, and control techniques that are relevant to a forensic audit, and decide upon appropriate control measures to counteract fraud occurrences
• Explain common fraud schemes and apply the best internal control measures to counteract the fraud risk
• Identify indicators for heightened fraud risk and assess risks present through internal control deficiencies
• Apply various evidence-gathering techniques used to detect fraud
• Describe the job of a forensic auditor in legal and court involvement
• Inform stakeholders of audit findings and provide recommendations for preventing fraud in the future