A two-day intensive workshop designed for financial
professionals in both industry and government, featuring:
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- Step-by-Step Procedures for a Fraud Examination
- “Red Flags” of Fraud, Creative Financial Reporting, More!
- Targeted Forensic Audit Tests—Proven Methodologies—That Detect Fraud
- Interview Techniques That Yield Results
- Internal Control Procedures That Prevent Fraud
- Fraud Prevention with Sarbanes-Oxley Sections 302 and 404
- Successful Continuous Process Anti-Fraud Programs
- Avoiding Common Mistakes in Fraud Risk Assessment
- Drafting a Forensic Report That Everyone Can Understand
- Staffing and Managing the Forensic Auditing Team
- How to Find the Bad Guys!
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This practical workshop is designed for financial
professionals committed to protecting
their organization from fraud including:
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- CFOs, Controllers and all Finance & Accounting Department Staff
- VPs and Managers of Finance and Financial Analysts
- Chief Accountants, Budget Directors and Internal Auditors
- Auditors and Consultants with Corporate or Government Clients
- Anyone who would like to safeguard their organization’s assets
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Introduction to Corporate Fraud
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- Financial Crime’s Impact on Today’s Global Business - Statistics
- Essential Skill Sets for the Forensic Accountant
- GAAP, GAAS and Analytics
- Understanding “Red Flags” and Interview Techniques
- Responsibilities of the Organization in the Prevention of Fraud
- Internal Control Framework and COSO
- Corporate Governance, Sarbanes-Oxley and Corporate Fraud Awareness Programs
- Organizational Planning Framework
- Strategic, Tactical and Operational
- Six-Step Integrated Fraud Prevention and Detection Systems
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“Creative Accounting” Techniques and the “Red Flags” of Fraud
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- Definition, Symptoms and Characteristics of Frauds
- Frauds Perpetrated to Benefit or Harm the Organization and by Whom
- Ten Vivid Examples of Past Frauds and How They Did It
- “Red Flags” of Financial Crime
- Examples of “Red Flags” found in General Operations and Organizational Structure
- Twelve Personnel Flags - Who Commits Fraud and Why
- Eight Independent Auditor Flags
- Sixteen Internal Audit Staff Flags
- Eighteen Accounting, Internal Control and IT System Flags
- Twelve Accounting Process Flags
- Ten Common Stock “Red Flags”
- Five External “Red Flag” Considerations
- Nine “Red Flag” Changes in Business Characteristics
- Fifteen “Red Flag” Changes in Circumstances
- Examples of “Red Flags” found in Financial Reporting
- Ten Liquidity Flags
- Ten Solvency Flags
- Seven Profitability Flags
- Five Revenue Recognition Flags - SEC “Hot Spots”
- Typical Inventory and Cost of Goods Sold Frauds
- Asset, Liability and Expense Frauds
- Nine “Red Flag” Changes in Accounting Principles
- Inadequate Disclosure Frauds
- Ten Examples of “Red Flags” Identified through Financial Statement Review and Analytical Anomalies
- Seven Examples of Commonly Encountered Investor-Related “Red Flags”
- Examples of “Red Flags” Unique to Selected Specialized Industries Including Government
- “Red Flag” CASE STUDY: Big South Lumber Company, Inc.
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Internal Accounting and Operational Controls and Fraud
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- Internal Accounting Controls and Fraud
- COSO’s Integrated Control Framework
- Environmental and Processing Controls and Risk Assessment
- Five Categories of Internal Operational Controls vs. Internal Accounting Controls
- How to Use Internal Controls to Deter, Detect and/or Investigate Fraud
- Determining the “Tone at the Top” - Preventing Management Fraud
- Purpose and Utilization of Specific Controls for Specific Frauds
- Controls and Compliance with Sections 302 and 404 of the Sarbanes-Oxley Act
- Understanding SAS 99’s Relationship to Fraud Prevention and Detection
- CASE STUDY: Operational Controls and Risk Assessment
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Properly Staffing Your Firm’s Forensic Audit Team
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- Seven Characteristics of a Forensic Auditor
- Four Essential Skills for a Forensic Auditor
- Nine Sources for Recruiting Forensic Auditors
- Building the Forensic Audit Team - Necessary Team Skill Sets
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Identifying and Securing Potential Forensic Evidence
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- Forensic Audit Objectives
- Three Types of Forensic Evidence
- Basic Principles of Legal Evidence
- Chain of Custody of Documentary and Secondary Evidence
- The “Daubert Rule” of Forensic Evidence
- Forensic Accounting Evidence as an “Attorney Work-Product”
- Sixteen Strategies for Identifying Internal Sources of Forensic Evidence
- External Sources of Forensic Evidence
- Securing Potential Forensic Evidence to Prevent Loss, Corruption and Contamination
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Developing Forensic Audit Tests to Quantify Loss and Exposure
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- Analyzing the Forensic Evidence to Support the Claim in Court
- Developing Specific Tests to Identify the Potential Existence of Fraud
- Types of Frauds
- Elements of Frauds: False Statement, Concealment, Motive, Opportunity, Repetitive Acts and Damages
- Effective Methodologies
- Net Worth Theory
- Expenditure Theory
- Four Column Proof of Cash
- Specific Forensic Audit Methodologies for Kiting, Money Laundering, Misleading Financials, Payment Lapping and Ghosts
- Data Mining Tools for the General Ledger Database to Find Anomalies
- Digital Analysis Using Benford’s Law
- Using Regression Analysis to Find Fraud
- How to Substantiate Loss
- CASE STUDY: Utilizing Financial Forensic Evidence
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Overview of Forensic Interviews
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- Nature and Purpose
- Legal Concerns and Considerations
- Cooperative, Neutral and Hostile Interviewee
- Typical Reasons for Committing Fraud
- How to Conduct and Document the Interview
- Interviews vs. Interrogations
- Introductory, Informational and Assessment Questions
- Admission-Seeking Questions and Signed Statements
- The Miranda Rule and its Application to the Forensic Auditor
- Issues Relating to Duress and Harassment
- Environment of the Interview Room
- Use of Polygraph Machines, Video and Audio Recordings of Interviews
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Developing the Forensic Report and Related Exhibits
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- Purpose of the Forensic Report
- Legal Requirements of Forensic Reports and Court Exhibits
- Reporting Format
- Translating Financial Concepts into Layperson’s Language
- CASE STUDY: Development of Forensic Report
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CPE Credits
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This seminar is recommended for 16 hours of Accounting & Auditing credit.
The National Center for Continuing Education is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Visit the NASBA web site at www.nasba.org.
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Any financial professional in industry or
government or auditor who would like to master
the skills necessary to prevent and detect
fraud should plan to attend this practical seminar.
Included in this group are:
- CFOs, treasurers, controllers and all finance and accounting department staff
- VPs and managers of finance and financial analysts
- Chief accountants, budget directors and internal auditors
- Auditors and consultants with corporate or government clients
Anyone who would like to learn how to effectively
safeguard their organization from
fraud should plan to attend this practical two day
workshop.
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Seminar Prerequisites
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Course Level: Basic
Prerequisites: None
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If you have a group of 14 or more employees,
then NCCE’s in-house program might be the cost
effective solution for your training needs. Bring
this or any of NCCE’s seminars in-house and
insure that your staff has the up-to-date skills,
knowledge and training they need. Custom programs
can be tailored for any of NCCE’s financial
seminars.
NCCE in-house seminar clients include
Hewlett-Packard, Oracle, Harley-Davidson,
Deloitte & Touche, General Mills, the US Small
Business Administration and law firms such as
Weil, Gotshal and Manges, and King & Spalding.
For more information or to schedule a custom in-house program, e-mail NCCE at contact@nccetraining.com or telephone 800-635-9615.
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