Fraud Investigations And Forensic Auditing

This course is designed to introduce knowledge about the risk of financial fraud as well as management's responsibility for fraud prevention, detection and investigation.

Specifically, this course will focus on the common types of accounting and financial frauds, the factors that will lead to their occurrence, how accounting systems and financial statements can be manipulated, how management can prevent and detect frauds, and how management should cooperate with auditors and investigators.

What you will learn:

• Explain the role of forensic accountants and fraud examiners.

• Discuss the importance of internal controls as its relates to fraud and apply internal control principles to business situations.

• Describe fraud prevention, deterrence, and detection techniques.

• Design an optimal fraud detection system.

• Outline the fraud investigation process, the fraud engagement process and explain the major types of vendor fraud.

• Identify the major financial statement fraud schemes and explain how financial statement fraud harms individual investors, financial markets and society.