In this case study-based four-day seminar you will work on two real life case studies and simulate every aspect of a fraud audit. You will start with the fraud risk identification by examining documents, using background reports to search for clues, researching vendor existence, and leveraging advanced techniques to obtain information to corroborate your suspicions of fraud. At the conclusion of the class you will understand how to identify the red flags which warrant an internal investigation.
You will learn how to investigate company fraud hotline tips and how to determine the credibility of the allegation. You will find out how to apply document analysis procedures to actual fraud documents, get tips on developing data mining techniques, conduct a fraud penetration analysis, and drill down to the specifics of such fraudulent activities as disbursement fraud and bribery and corruption. The course material provides sample written reports, fraud risk structure documents, fraud website listings, and many more reference tools used to research fraudulent activity.
There is no theory here. Case studies will take you through real-world frauds and real-world investigatory techniques that have successfully exposed shell companies, conflicts of interest and pass-through vendor schemes. You will examine documents, build fraud audit plans, prepare written reports, conduct mock interviews, build data mining plans and prepare your work papers for court. This course starts with the audit and concludes with you uncovering fraud in the classroom.
Prerequisite: Fraud Audit School (OAF201), or Uncovering Fraud in Core Business Functions (OAF301), or equivalent experience.
Advance Preparation: None Learning Level: Advanced
Delivery Method: Group-Live Field: Auditing