Course description
This course from Rcademy will train you to inspect, penalize, and prevent fraudulent activities in any organization or business. Rcademy offers this course to enable professionals to counter corporate frauds that can easily bring large businesses down by causing huge losses in terms of profits, loss of employees, costly lawsuits, and reduced confidence. By undertaking this course, you will be able to develop real-life skills to solve problems revolving around corporate frauds that have grown to be white-collar crimes in accelerated technological development. There is a need to teach professionals the content of this course to reverse the destructive repercussions of corporate fraud across organizations, companies, and government bodies.
Is auditing the same as forensic accounting?
Auditors are utilized in determining if the financial statement offered by a company or organization presents a fair assessment of their financial standings. A forensic accountant is often undercover and deployed to investigate corporate financial crimes. By attributes and skills, forensic accountants are experts in uncovering fraud in any financial transaction. They are tasked with providing documentation and evidence of any financial fraud for civil and criminal legal proceedings.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Forensic Accounting and Auditing Certification Course by Rcademy is ideal for:
- Accountants and bookkeepers in different companies are responsible for updating and preserving books of accounts
- Consultants and risk managers that provide essential forensic services
- Auditors and accountants have the duty of ensuring that our transactions are transparent and correctly documented
- Legal officers must prepare and maintain legal contracts and agreements
- Board members
- Shareholders that are part of an organization’s function delivery unit
- Chief financial officers
- Managers
- Directors that wish to understand aspects of fraud, accounting, and forensic auditing
Outcome / Qualification etc.
The main objectives of The Forensic Accounting and Auditing Certification Course by Rcademy are to enable participants to:
- Understand the fundamental principles of accounting
- Develop the necessary business valuation strategies
- Develop plans to increase efficiency in fraud detection in their organizations
- Understand forensic auditing and accounting best practices and international standards
- Recognize the concepts of corruption and fraud in the corporate world
- Develop the required expertise to become an effective forensic accountant and auditor
- Fully grasp the procedures, methodologies, and processes of fraud investigation
- Report effectively on the corporate fraud
- Develop frameworks for fraud detection and prevention
- Create better crisis management plans fully equipped with the required tools and resources
- Develop fraud prevention goals with meaningful strategies to accomplish these goals
Training Course Content
All the modules below are essential for any professional to be a certified forensic accounting and auditing personnel
Module 1: Introduction
- Investigators’ and auditors’ duties and responsibilities
- Introduction to accounting best practices
- The accounting and legal environment
- Forensic accounting and auditing examination
- Financial analysis and its importance
Module 2: Investigations and Engagement Activities
- Fraudulent financial transaction signs
- Assessing non-financial evidence
- Gathering evidence
- Observing evidence
- Case initialization
- Methods Used in identifying fraud
- Characteristics of white-collar crimes
Module 3: Fraud Control
- The COSO fraud risk management guide
- Developing internal fraud control
- Fraud documentation
- The COSO model – Control activities – Monitoring – Control scenario – Information and communication
- The Evaluate-Identify-Deter-Respond model
Module 4: What is Corporate Fraud?
- Types and History of corporate fraud
- The fraud triangle theory
- Synopsis of white-collar crimes
- Fraudster profiling and their main characteristics
- Methods of corporate fraud investigation
- Internal and external stakeholders’ implications
Module 5: Deterring Methodologies
- Create a concrete anti-fraud program
- Internal controls in any organization
- Determine the tolerance levels of any organization
- Creating an emergency plan
- Developing an effective response plan
Module 6: Corporate Fraud Reporting
- Damages reporting
- Creating a forensic reporting template
- Creating a monitoring template
- Risk assessment and reporting
- Auditors’ responsibilities and duties and best practices in reporting
Module 7: Financial Statements
- Financial ratio analysis methods
- Creating audit reports by analyzing financial statements
- Anomaly identification in any financial statement
- Vertical and horizontal financial statement analysis
- Various types of financial reports and how to analyze them
Module 8: Fraud Frameworks in an Organisation
- Departmental collaborations with others such as ethical committees, compliance, and legal department
- Training employees on fraud detection, identification, and prevention
- Collaboration with external and internal auditors
- Creating Objectives from a fraud framework
- Root cause analysis conduction
- Evaluating fraudulent transactions and finding their roots
- Importing and using data analyzing tools
- Fraud analysis techniques using data
- Using Newcom-Benford’s law
- Roles of forensic auditor and Accountant in Creating an effective fraud framework
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...