Basics of Forensic Accounting
Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. It's not just about the financial statements, this presentation will show you how to conduct a preliminary investigation will help you determine if you are dealing with fraud or simply incompetence, and what steps to take next.Areas Covered Recognize the signs of fraudLearn effective strategies for discovering and following the trail to the proofReading in between the lines of merger and acquisition financialsDiscover the ever-present story cash flow tellsIdentify people and companies in troubleDevelop prediction strategies and policies that detect fraud earlierTurn fraud detection into a profitable activityWho Should Attend CEO/CFOBoard membersExternal auditorsCompliance professionalsOperational professionalsFinance professionalsInternal auditorsWhy Should You AttendEvery day the news is full of stories of white-collar crime. It is estimated that companies lose on average 5% of annual revenues to fraud note that is 5% of annual revenues, not annual profit. The numbers are huge. This is because it is profitable, difficult to detect, and the remote likelihood of prosecution and the resulting light penalties make it very tempting.
Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. It's not just about the financial statements, this presentation will show you how to conduct a preliminary investigation will help you determine if you are dealing with fraud or simply incompetence, and what steps to take next.
Areas Covered
- Recognize the signs of fraud
- Learn effective strategies for discovering and following the trail to the proof
- Reading in between the lines of merger and acquisition financials
- Discover the ever-present story cash flow tells
- Identify people and companies in trouble
- Develop prediction strategies and policies that detect fraud earlier
- Turn fraud detection into a profitable activity
Who Should Attend
- CEO/CFO
- Board members
- External auditors
- Compliance professionals
- Operational professionals
- Finance professionals
- Internal auditors
Why Should You Attend
Every day the news is full of stories of white-collar crime. It is estimated that companies lose on average 5% of annual revenues to fraud note that is 5% of annual revenues, not annual profit. The numbers are huge. This is because it is profitable, difficult to detect, and the remote likelihood of prosecution and the resulting light penalties make it very tempting.
