Investigating Financial Statement Fraud

Certificates will be issued at the Fraudopedia Annual Gala

Course Objectives

This course will equip students and young professionals with the tools to identify the various methods by which financial statement fraud is perpetrated. The course will cover an in-depth assessment of the methods used through case studies of companies that have engaged in such fraudulent practices.

Learners will also learn techniques to investigate financial statement fraud including review of journal entries, data analytics, testing of internal controls. Finally, learners will be able to summarize the findings of their investigation in a report that is clear and supported with adequate evidence.

Learning Outcomes

  • Understand the various methods by which financial statements are misstated
  • Understand techniques to investigate financial statement fraud
  • Demonstrate forensic expertise in investigating financial statement fraud regardless of the method used to perpetrate such fraud
  • Prepare investigation reports that are clear, concise, objective and reliable.

Course Content and Schedule

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Course prerequisites

Prerequisite Knowledge

Students and professionals should possess certain basic proficiency in accounting and technology as follows:

Basic accounting concepts:

  • Understand key accounting concepts such as assets, liabilities, expenses, revenue recognition, materiality, matching principle etc.
  • Understand how financial statements are prepared and use of estimates and judgments;
  • Understand and apply basic financial ratios and inter-relationship between asset/income categories and expense/liability categories

Basic computer skills:

Familiarity and use of Microsoft Office suite of products and in particular, use of Excel for data analysis