A forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims.
The work would normally involve an investigation into the financial affairs of an entity and is often associated with investigations into alleged fraudulent activity. Forensic accounting refers to the whole process of investigating a financial matter, including potentially acting as an expert witness if the fraud comes to trial.
Forensic auditing refers to the specific procedures carried out in order to produce evidence. Audit techniques are used to identify and to gather evidence to prove, for example, how long the fraud has been carried out, and how it was conducted and concealed by the perpetrators. Evidence may also be gathered to support other issues which would be relevant in the event of a court case. Such issues could include:
- the suspect’s motive and opportunity to commit fraud.
- whether the fraud involved collusion between several suspects any physical evidence at the scene of the crime or contained in documents.
- comments made by the suspect during interviews and/or at the time of arrest.
- attempts to destroy evidence.
Upon completion of the course, participants will be able to:
- Identify nature of frauds, categories of frauds and associated red flags.
- Understand the fraudster Profile.
- Study fraud prevention and detection methods.
- Detect frauds in financial reporting.
- Identify and understand Fraud investigation process.
Target Audience : Management, Finance, Internal Audit, Risk Management, Compliance, Credit, Treasury, Forex and International Trade.
Date/Duration : 14th – 15th May, 2018 (2 Days)