Financial Accounting and Detecting Fraud Training
Schedule & Fees
Start Date:
21 Oct 2024
End Date:
25 Oct 2024
Venue:
Istanbul
Fees:
4900€
Select Other "city & date"
Financial Accounting and Detecting Fraud Training Course
Introduction:
Accounting fraud is defined as the intentional manipulation of financial records or statements. Companies usually commit accounting fraud to make it appear that their business’s financial health is better than it is.
The problem relating to accounting fraud is that it has not stopped despite the numerous changes that have been made in legislation and strict controls by the internal and external auditors. So, you must know about accounting fraud due to its growing prevalence in finance.
The Financial Accounting and Detecting Fraud Training Course sets out to explain what accounting fraud is, how it can be detected, and therefore how it might be prevented.
Delegates are highly encouraged to be ready to discuss their concerns although it is appreciated that confidentially is a supreme concern in a program such as this
Course Objectives:
At the end of this Financial Accounting and Detecting Fraud Training Course, you will be able to:
- Discuss the structure and foundations of financial reporting
- Be aware of creative accounting and how it can be determined
- Determine the need for forensic accounting using case studies and other analysis
- Appreciate the nature of Benford’s Law and its increasingly important role in the prevention and detection of fraud
- Discuss the role of the auditor in detecting fraud
- Carrying out a variety of statistical tests on financial reports and accounting data
Who Should Attend?
This Financial Accounting and Detecting Fraud Training Course is ideal for:
- Finance and accounting professionals and those for whom the prevention and detection of fraud is a major issue
- leaders who are in decision-making positions and have little or financial experience.
- Business owners and freelancers.
- Any person who would like to increase their financial understanding will find this comprehensive Course profitable
Course Outlines:
Financial Accounting Review
- Structure of financial reports
- Regulation of financial reporting
- Financial reporting standards
- The Analysis of Financial Reports
- Detecting bias in accounting numbers
- Qualitative analysis: what people say and what they might mean
Creative Accounting
- What is creative accounting and why is it a bad thing?
- Inappropriate accruals, estimates, and excessive provisions
- Identifying premature revenue recognition and fictitious revenue
- Aggressive capitalization
- Creative income statements: classification and disclosure
- Problems with cash flow reporting
Forensic Accounting
- The basics of forensic accounting
- The need for Sarbanes-Oxley
- The going concern concept in greater detail
- Cases in which forensic accounting was used
- Off-balance sheet finance
- Introduction to Benford’s Law
The role of the auditor and detecting fraud
- The Role of the Auditor in the Prevention and Detection of Fraud
- Deterring Fraud – The fraud triangle
- The COSO “Internal Control-Integrated Framework,” (COSO Model)
- 20 ways to detect fraud
- Identifying fraud using time series analysis
- Fraud risk assessments
Tools for Detecting Fraud
- Further Statistical Analysis of accounting and other data
- Further application of Benford’s Law
- Chi Square and Kolmogorov Smirnoff Tests
- Mean Absolute Deviation test
- Mantissa Arc Test
