Forensic Auditing and Fraud Detection

What Will You Learn?

• Day 1: Introduction to Forensic Auditing
• Defining forensic auditing and its role in fraud detection.
• Key characteristics of fraud: common schemes and red flags.
• Overview of forensic auditing techniques and tools.
• Group Activity: Reviewing case studies of real-world fraud cases.
• Day 2: Fraud Detection Techniques
• Identifying and assessing fraud risks in financial systems.
• Common types of fraud: financial statement fraud, asset misappropriation, and corruption.
• Using data analytics and benford's law for fraud detection.
• Workshop: Applying fraud detection techniques to a sample dataset.
• Day 3: Conducting Forensic Investigations
• Planning and executing a forensic investigation.
• Techniques for gathering evidence: interviews, document review, digital forensics.
• Working with legal professionals during fraud investigations.
• Hands-On Exercise: Conducting a mock forensic investigation of a fraud case.
• Day 4: Legal Aspects of Forensic Auditing
• Understanding the legal framework for forensic auditing and fraud detection.
• Chain of custody: Ensuring the integrity of evidence.
• Reporting fraud findings to law enforcement and regulatory bodies.
• Case Study: Reviewing legal cases related to forensic audits.
• Day 5: Reporting and Preventing Fraud
• Writing effective forensic audit reports that are clear and legally sound.
• Presenting findings to senior management and other stakeholders.
• Developing and implementing fraud prevention strategies in organizations.
• Final Project: Preparing a forensic audit report based on a fraud case and presenting findings to the class.