Detecting and Investigating Financial Statement Fraud

A two-day in-depth review of financial statement fraud - what it is, who commits it, assessing fraud risks, developing responses, common fraud schemes, and detection and investigation methods.

This two-day immersion course provides an in-depth examination of financial statement fraud - how it is defined, who commits it, assessing fraud risks and developing appropriate responses, common fraud schemes, how financial statement fraud typically is discovered, methods for detecting and investigating financial statement fraud, and the impact of financial statement fraud on victimized businesses.

The course uses case examples, fraud studies by the Association of Certified Fraud Examiners and other sources, and a significant number of real-world examples to give participants' hands-on experience in identifying and analysing financial statement fraud; to help participants understand how financial statement frauds are committed and concealed for years or even decades; and how participants can use trend analyses, analytics, and other techniques to promote more rapid fraud detection. Real-world examples covered in the course are drawn from exposed frauds worldwide.

The course examines fraud indicators (red flags), common areas of exposure, and management or board committee responses to fraud reports and incidents to promote thoughtful analysis of financial statement fraud risk. In addition, the course addresses the development and maintenance of an effective anti-fraud environment and the role of preventive and detective controls in fraud detection, as well as the importance of fraud risk assessments in allocating audit and investigative resources.

The program answers questions such as:
- What is financial statement fraud and how does it happen?
- What are the red flags that might indicate a financial statement fraud has occurred or is currently occurring?
- How can a business limit or reduce financial statement fraud losses?
- Who commits financial statement fraud, and why?
- What techniques are used to identify and investigate financial statement fraud?

Speakers: Robert W Walter