Name: Advanced Auditing Techniques: Integrating Forensic Expertise
Price: 183 CAD
Rating: 4.8 (274 reviews)

What You'll Learn

check_circleIntroduction to Forensic Auditing: Definition and scope of forensic auditing. Overview of the types of fraud (e.g., asset misappropriation, corruption, financial statement fraud).

check_circleFraud Theory and application: Theories of fraud, Techniques for preventing and detecting fraud. Fraud risk assessment and internal controls.

check_circleValue of ratio analysis: How auditors can do vertical and horizontal analysis of ratios to better target potential areas of fraud.

check_circleUnderstand common areas of fraud and what auditors can do to detect these frauds.

check_circleLearn practical ideas on how auditors can culture communications around fraud.

check_circleLearn the value of fraud risk assessment and how auditors can change their attitude to be more forensic in nature.

About This Course

Forensic auditing is a specialized area of accounting that focuses on investigating financial records to detect and prevent fraud, embezzlement, and other financial crimes. It combines accounting, auditing, and investigative skills to conduct examinations into the financial activities of an individual or business. Here are key aspects of forensic auditing:

Purpose: The primary goal is to uncover fraudulent activities, financial misstatements, and irregularities. Forensic audits are often used in legal proceedings to provide evidence in court cases.
Techniques: Forensic auditors use various techniques, including data analysis, interviewing, and observation, to gather and analyze financial information. They look for red flags such as unusual transactions, discrepancies, and patterns indicative of fraudulent activity.
Applications:
- Fraud Detection: Identifying cases of asset misappropriation, corruption, and financial statement fraud.
- Litigation Support: Providing expert witness testimony and evidence in legal disputes involving financial issues.
- Regulatory Compliance: Ensuring that organizations comply with laws and regulations, such as anti-money laundering (AML) requirements.
- Corporate Investigations: Conducting internal investigations to address suspected wrongdoing by employees or management.

4. Skills Required:

- Accounting Knowledge: In-depth understanding of accounting principles and practices.
- Auditing Skills: Ability to conduct thorough audits and investigations.
- Analytical Skills: Proficiency in analyzing complex financial data and identifying irregularities.
- Legal Knowledge: Familiarity with legal procedures and requirements related to financial crimes.

5. Process:

- Planning: Defining the scope and objectives of the audit.
- Data Collection: Gathering relevant financial records, documents, and electronic data.
- Analysis: Examining the collected data to identify patterns and anomalies.
- Reporting: Documenting findings in a detailed report that can be used as evidence in legal proceedings.
- Testimony: Providing expert witness testimony if the case goes to trial.

Forensic auditing is crucial in various sectors, including corporate, governmental, and non-profit organizations, to ensure financial integrity and accountability.

Your Instructor

Denise Cicchella

Certified Internal Auditor, Certified Fraud Examiner, Certified Construction Auditor, Project Management expert and Author

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Denise has been a Certified Internal Auditor and Certified Fraud Examiner for over 20 years. She has a specialization in Construction Audit and is a management consultant, specializing in Training and Professional Development. She has authored several books including: Construction Audit Handbook: Overview, Monitoring and Auditing, Effective Auditing for Corporates, Construction Audit - Building a Solid Foundation; and Essentials of Construction Management.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.8

Student's Choice

274 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.