Forensic Accounting: Uncovering Schemes and Scams

Learn investigative techniques to uncover various fraudulent schemes and scams and to sharpen your forensic skills. This webcast prepares you to meet the increasing demand for accountants to develop effective forensic accounting procedures to detect and prevent misappropriation of assets, management fraud, and fraudulent financial reporting. As the focus on fraud discovery and deterrence rises, accountants must hone their skills to recognize fraudulent or deceptive practices and build their knowledge to redesign internal controls. Don’t wait to learn and practice these critical forensic competencies!   

TOPICS DISCUSSED
• Role of the forensic accountant
• Development of the engagement agreement
• Common fraud scams
• AU-C section 240
• Analytical and investigative techniques
• Approaches to detect under/over valued assets
• Preparation for the deposition phase
• Alternative methods to settle a legal dispute
•   Determine the differences between the role of the forensic accountant and the traditional accountant and how to utilize forensic techniques to ferret out fraudulent activity.  
• Identify the foundational components of AU-C section 240.  
• Recall analytical and investigative techniques used in forensic engagements.  
• Determine ways to detect under/over-valued assets.  
• Recall key points related to the deposition phase of the litigation process.

Designed For: Accountants who are responsible for designing internal control systems

Level: Intermediate

Instructor: Douglas Warren CPA, CFF, CFE, CBM, FCPA

Developer: AICPA

CPE Credits: 4

Area of Study: Accounting  4

Prerequisite: Experience in accounting and financial reporting preferred