Fundamentals of Forensic Accounting | Academy of Labor and Social Relations
Professional Certificate

Fundamentals of Forensic Accounting

Develop an investigative mindset and learn the essential techniques to detect, investigate, and prevent financial fraud.

  • Format: Online
  • Duration: 6 Weeks
  • Effort: 5-7 hours/week

About This Course

This program provides a foundational understanding of the principles and practices of forensic accounting. Participants will learn how to apply accounting, auditing, and investigative skills to uncover financial misconduct. The course covers the nature of financial fraud, key detection techniques, evidence gathering, and the role of the forensic accountant in legal proceedings. It is designed to equip professionals with the essential knowledge to identify red flags and protect organizational assets.

Who Should Attend

This certificate is ideal for accountants, auditors, financial managers, and legal professionals who want to specialize in forensic accounting or enhance their ability to detect financial irregularities. It is also suitable for law enforcement and regulatory personnel involved in financial investigations.

Key Learning Outcomes

Upon successful completion of this program, participants will be able to:

  • Identify the common types of financial statement fraud and asset misappropriation.
  • Apply data analysis techniques to detect anomalies and potential fraud.
  • Understand the process of a forensic investigation, from planning to reporting.
  • Properly gather, document, and preserve evidence for potential litigation.
  • Articulate findings clearly in a forensic accounting report.

Course Syllabus

Module 1: Introduction to Forensic Accounting and Fraud

Define forensic accounting and explore the psychology of fraudsters and the "Fraud Triangle" theory.

  • The Role of a Forensic Accountant
  • Types of Financial Fraud
  • The Legal Environment for Forensic Accounting
Module 2: Fraud Detection Techniques

Learn to identify red flags and use analytical procedures to detect potential financial statement fraud.

Module 3: The Investigative Process

Understand the lifecycle of a forensic investigation, from initial predication to evidence management and reporting.

Module 4: Interviewing and Evidence Gathering

Develop skills for conducting informational and admission-seeking interviews and for handling documentary evidence.

Module 5: Litigation Support and Testifying

Explore the role of the forensic accountant as an expert witness and learn techniques for presenting findings in a legal setting.

Module 6: Case Study and Final Report

Analyze a comprehensive case study and prepare a formal forensic accounting report detailing findings and conclusions.

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