Course Objectives:

By the end of this course, participants will:

1. Understand the principles, methods, and motivations behind financial statement fraud.
2. Learn to identify red flags, warning signs, and common schemes used in financial misrepresentation.
3. Gain knowledge of auditing techniques and analytical tools to detect and investigate fraudulent financial activities.
4. Develop strategies to prevent financial statement fraud through robust internal controls and ethical practices.
5. Prepare actionable reports and recommendations to mitigate fraud risks and enhance financial transparency.

Course Syllabus:

Day 1: Fundamentals of Financial Statement Fraud

1. Introduction to Financial Statement Fraud
2. Common Schemes in Financial Statement Fraud
3. Red Flags and Early Warning Signs
4. Workshop: Identifying Red Flags in Sample Financial Statements

Day 2: Techniques for Detecting and Investigating Fraud

1. Analytical Procedures in Fraud Detection
2. Data Analytics for Fraud Detection
3. Investigative Techniques
4. Practical Exercise: Analyzing Financial Statements for Fraud Indicators

Day 3: Preventing and Responding to Financial Statement Fraud

1. Fraud Prevention Strategies
2. Fraud Risk Management Frameworks
3. Reporting and Communicating Findings