Investors and stakeholders in today's capital markets expect that the financial statements they analyze truly are a fair representation of a company's financial position. A critical component to this expectation is that the auditors who have signed an audit opinion have done everything they can to ensure that the financial statements are free of material misstatements due to error or fraud. Auditors today are expected to detect fraud, even though they may not have the necessary skill sets or experience to do so. This course focuses on training auditors to think and act more forensically and will deliver the skill sets necessary to detect fraud in an organization.
Major Topics:
- Current forensic landscape
- Basics of forensic accounting
- Developing a forensic mindset
- Forensic auditing procedures
- Comparing evidence gathering methods
- Using forensic technology tools
- Matching audit procedures to identified risk factors
- Conflicts auditors face when they discover fraud has been occurring at an audit client
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103977
Ronald L. Durkin, CPA/CFF, CFE, CIRA
Senior Managing Director
Martin S. Wilczynski, CPA, CFE
Senior Managing Director - Forensic and Litigation Consulting
William P. Olsen, CFE, CGFM, CIA
Principal – Forensics, Investigations and Litigation Services
Jeffrey L. Baliban
Senior Vice President
Durkin Forensic, Ronald L. Durkin, CPA/CFF, CFE, CIRA, Senior Managing Director
- Forensic Auditing- audit or investigation?
- Components of forensic auditing: Forensic audit thinking, forensic audit procedures, use of technology
- Applicable Professional standards
- Fraud Reporting
William Olsen, Principal, Economic Advisory Services Practice, Grant Thornton, LLP
- New trends with Foreign Corrupt Practices Act
- FCPA consideration for Mergers& Acquisitions
- Suggested accounting controls to meet FCPA requirements
Martin S. Wilczynski, CPA, CFE, Senior Managing Director - Forensic and Litigation Consulting, FTI Consulting, Inc.
- PCAOB observations and best practices for detecting fraud
- Audit interaction with internal investigators and shadow forensic units
Jeffrey L. Baliban, Senior Vice President, NERA Economic Consulting
- Providing opinions on damages from fraud
- Litigation and discovery
- Rules of evidence pertaining to experts
- Rules of procedure pertaining to expert reports
- A brief history of admissibility standards
- CPAs
- Forensic Accounting Professionals
- Fraud Examiners
- Audit Managers
This is a must attend event for anyone interested in incorporating forensic skills into their audits.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A