NEW : Forensic Auditing: Implementing Auditing, IT and Accounting Skills to Identify and Mitigate Organizational Fraud

The discipline of forensic accounting has evolved from the unification and integration of information technology (IT), along with accounting, auditing and police science investigative techniques. The results of a forensic accounting investigation provide an analysis, grounded in accounting and IT fact, which is admissible and agreeable to a court of law, which eventually forms the basis for discussion, debate, dispute resolution, and potentially criminal or civil prosecution.

 

The forensic investigator has many tools with which to unravel the truth, using financial intelligence combined with IT skills, cyber forensic techniques and generally accepted investigative practices; the investigator can reconstruct financial transactions and operations to assist in mitigating or uncovering the unauthorized outward flow of organizational assets (e.g., intellectual property, financial resources, data, etc.). This seminar will introduce the attendee to the field of forensic accounting and associated disciplines, which use forensic accounting as tools to identify and combat organizational fraud

This seminar is intended for internal and external audit professionals, security investigators, General Counsels, Chief Security Officers, Controllers, InfoSec professionals, and anyone interested in obtaining a better understanding of and general introduction to auditing and controlling fraud with workplace environments.

There is no prerequisite for this presentation.

After completing this seminar, attendees will be able to:

 

1.     Describe forensic auditing techniques to prevent fraud by identifying and changing a situation which can lead to fraud

2.     Identify and to help mitigate the potential for white collar crime within the organization

3.     Facilitate the prevention, detection, investigation and successful prosecution of economic crime, in particular cases involving fraud

4.     Minimize the potential for fraud and theft to translate action into substantial savings of both time and money

5.     Identify the critical steps of an internal fraud investigation leading to a structured forensic audit

6.    Apply accounting skills to track and collect forensic evidence for investigation and the prosecution of criminal acts.

Providing an ideal scope of forensic audit – Introduction to fraud examination

1.     Identifying how forensic auditors and accountants assists the organization in the achievement of its strategic objectives

2.     Familiarizing with the application of forensic audit to prevent fraud

3.     Assessing the roles and responsibilities of auditors to support fraud detection

4.     Comprehending the sole purpose of forensic auditing to identify fraud schemes and scenarios

5.     Concentrating on regularity, probity and compliance issues to aid in the investigation of fraud

6.     Elements of a forensic accounting program: Highlighting the common test questions for forensic accounting

·       Who? - What?

·       Where? - When?

·       How?

 

Building processes to detect fraud: Performing audit techniques to detect fraud and illegal acts

1.     Differentiating between a proactive and reactive forensic auditing process

2.     Identifying the statutory audit and major standards on fraud auditing

3.     Implementing compliance program to reduce organizational risk: Regulatory compliance

 

Mapping the conditions and reasons leading to fraud

1.     Conquering fraud “by the numbers”

2.     Exposing to the various fraud status and standards

3.     Revealing the common reasons leading to fraud opportunities

 

Catching the warning signs of fraud as protection against fraud and financial crimes

1.     Discovering the warning signs of fraud related activities

2.     Putting more attention in high-risk areas for fraud: tips and techniques

3.     Managing risk by designing a structured fraud audit “process”

4.     Adapting to the environment to deter fraud and financial crimes

 

Investigation of allegations: Conducting a proper forensic audit with support from extensive diagnostic tools

1.     Setting up an anti-corruption fraud prevention toolkit

2.     Utilizing fraud detection and prevention toolkit to investigate “red flags”

3.     Encouraging fraud prevention check-up to be updated with the business processes

4.     Implementing computer-assisted fraud diagnostic techniques to aid fraud detection

 

The post factor: What happen after the audit is complete?

1.     Evaluating the high priority frauds to determine if the necessary controls are in place to reduce the risk of occurrence

2.     Taking step by step to attempt in identifying the control for each fraud scheme

3.     Determining the different controls serve to reduce the risk of the identified fraud scheme