**Participants are requested to bring a calculator for this session
Programme Objective
In recent years, forensics is one area where there is great demand and remains critical in the arena of corporate-related investigations, be it due diligence, money laundering, reconstruction of chain of events, etc. Particularly with the advent of corporate failures and money laundering cases, forensic accounting and investigations skill-sets become paramount. This seminar aims to bridge the complexity of investigations and forensics that are relevant to Investigators at-large and specifically, a layman appreciation of audited financial statements, the risk points and detection of potential red flags. This seminar will offer practical viewpoints for both accounting and non-accounting trained professionals such as legal and compliance practitioners, investigators and enforcement officers, etc., who protect the firm from mala fide corporate clients.
While this is a non-technical seminar, on completion of this seminar, participants should gain a better understanding of potential risks detection where analysis of financial statements is concerned. Also, participants can expect to take away a forensic mindset when they approach an investigation.
Programme Outline
In summary, the topics covered in the seminar will include the following:
1. The psychology and behaviour of the financial crimes perpetrator.
- Understanding occupational frauds: asset misappropriation, corruption and fraudulent financial statements.
2. Principles of Investigation:
- Locard’s Exchange Principle & the Risk Entry and Exit Analysis.
- Independence, Objectivity, Skepticism.
3. Differences between financial statements audit and using financial statements for forensic investigations:
- Roles and skill-set differences.
4. Understanding Red Flags:
- Recognizing common risk indicators e.g. round robin transactions, etc.
- Importance of data points.
- Types of financial accounting manipulation.
5. Recap of International Cases e.g. Hanergy scandal, etc., and lessons learnt.
6. Facilitated Case Study 1:
- Detecting anomalies in a newly incorporated company and unexplainable over-payments to corporate service providers.
7. Facilitated Case Study 2:
- Understanding changes in company’s activities, payments to suppliers, Directors’ Loans and reconciling to actual cashflows.
8. Round up & Building a Case: Gathering and Documenting Evidence.
Training Methodology
The entire session will be case-study centric with lectures, group discussions and practical exercises.
**Participants are requested to bring a calculator for this session
Closing for Registration
1 week before programme or until full enrolment
Intended For
While this seminar is open to a wide range of professionals, this may be of particular interest to: • Accounting & Finance Professionals who wish to identify potential fraudulent Financial Statements using a non-accounting approach • Internal and External Auditors who want to understand different perspectives to detect financial statement fraud; • Bank Compliance Investigators, Fraud Investigation Officers and/or in-house Counsels who deal with internal investigations and want to increase investigation effectiveness; • Regulatory and Law Enforcement Officers.
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
**Participants are requested to bring a calculator for this session
Programme Objective
In recent years, forensics is one area where there is great demand and remains critical in the arena of corporate-related investigations, be it due diligence, money laundering, reconstruction of chain of events, etc. Particularly with the advent of corporate failures and money laundering cases, forensic accounting and investigations skill-sets become paramount. This seminar aims to bridge the complexity of investigations and forensics that are relevant to Investigators at-large and specifically, a layman appreciation of audited financial statements, the risk points and detection of potential red flags. This seminar will offer practical viewpoints for both accounting and non-accounting trained professionals such as legal and compliance practitioners, investigators and enforcement officers, etc., who protect the firm from mala fide corporate clients.
While this is a non-technical seminar, on completion of this seminar, participants should gain a better understanding of potential risks detection where analysis of financial statements is concerned. Also, participants can expect to take away a forensic mindset when they approach an investigation.
Programme Outline
In summary, the topics covered in the seminar will include the following:
1. The psychology and behaviour of the financial crimes perpetrator.
- Understanding occupational frauds: asset misappropriation, corruption and fraudulent financial statements.
2. Principles of Investigation:
- Locard’s Exchange Principle & the Risk Entry and Exit Analysis.
- Independence, Objectivity, Skepticism.
3. Differences between financial statements audit and using financial statements for forensic investigations:
- Roles and skill-set differences.
4. Understanding Red Flags:
- Recognizing common risk indicators e.g. round robin transactions, etc.
- Importance of data points.
- Types of financial accounting manipulation.
5. Recap of International Cases e.g. Hanergy scandal, etc., and lessons learnt.
6. Facilitated Case Study 1:
- Detecting anomalies in a newly incorporated company and unexplainable over-payments to corporate service providers.
7. Facilitated Case Study 2:
- Understanding changes in company’s activities, payments to suppliers, Directors’ Loans and reconciling to actual cashflows.
8. Round up & Building a Case: Gathering and Documenting Evidence.
Training Methodology
The entire session will be case-study centric with lectures, group discussions and practical exercises.
**Participants are requested to bring a calculator for this session
Closing for Registration
1 week before programme or until full enrolment
Intended For
While this seminar is open to a wide range of professionals, this may be of particular interest to: • Accounting & Finance Professionals who wish to identify potential fraudulent Financial Statements using a non-accounting approach • Internal and External Auditors who want to understand different perspectives to detect financial statement fraud; • Bank Compliance Investigators, Fraud Investigation Officers and/or in-house Counsels who deal with internal investigations and want to increase investigation effectiveness; • Regulatory and Law Enforcement Officers.
Programme Facilitator(s)
