Financial Statement Fraud Analysis and Forensic Accounting Virtual Course

  • Time

    10:00am - 3:00pm

  • End Date

    30 May, 2022 - 01 Jun, 2022

  • Price

    ₦175,000

Event Details

  • Recognize the most common financial statement fraud schemes 
  • Identify the red flags of financial statement fraud 
  • Learning how to identify the red flags associated financial statement fraud
  • Understand the fraud implications of emerging issues in financial reporting
  • Understanding fraud fundamentals used to identify fraud within your organization.
  • Learning the techniques most commonly used to detect financial statement fraud

 

COURSE OUTLINE

Introduction to Financial Statement Fraud

  • Definitions of fraud
  • Fraudster characteristics
  • Fraud basics

 

Auditor Responsibility for Fraud

  • Auditing standards for fraud
  • Fraud programs and governance
  • Fraud Risk Assessments

 

Improper Revenue Recognition

  • Revenue recognition
  • Long-term contracts
  • Channel stuffing
  • Sales with conditions
  • Fictitious sales/revenue
  • Contingencies
  • Related parties
  • Indirect methods of revenue manipulation

 

Improper Deferral of Costs and Expenses

  • Accounting method changes
  • No recording
  • Concealment of costs

 

Improper Asset Valuation

  • Accounts Receivable
  • Inventory
  • Fixed assets
  • Business combinations

 

Improper Recording of Liabilities

  • Changes in accounting
  • Failure to record
  • Off-balance sheet entities

 

Disclosures

  • Significant changes and events
  • Related-party transactions
  • Management discussion and analysis

 

Financial Statement Fraud Detection Methods

  • Ratios
  • Comparative techniques
  • Cash flow
  • Regression analysis
  • Benford’s law
  • Beneish M-Score
  • Damerau-Levenshtein—fuzzy logic

 

FOR WHOM:

Internal audit staff and management, Financial auditors, Internal control professionals, Accounting staff.

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1ST BATCH: 30th May – 1st June, 2022    

2ND BATCH: 14th – 16th Nov, 2022

Other Dates

Start Date End Date
14 Nov, 2022 16 Nov, 2022
Start Date End Date
30 May, 2022 01 Jun, 2022

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