A Complete Guide to Forensic Accounting

Overview

This 4-day workshop is designed to inform and explain the role and function of forensic accounting in today’s corporate environment. It seeks to analyse the interdependence of transactions across three critical financial statements: the income statement, balance sheet and cash flow statement. This workshop will inform participants on how to discover and root out discrepancies and inconsistencies across these statements.

Participants will gain specific insight into the application of investigative accounting/audit tools and techniques to evaluate and act on key accounting red flags of accounting mis-representation. Participants will be better prepared to engage, inform and/or interact with senior management on risk, governance issues and to anticipate/correct systems to avoid potential problems. This programme will also cover the investigative reports and recommendations for organisations to manage their high risk transactions and environments.

Target Audience

This workshop was specifically designed for:

  • Existing members of financial departments and units
  • Key employees and managers required to interact with the company’s financial process
  • Senior management and business heads of operational units
  • Users of financial statements and records
  • Compliance managers and supervisors
  • Governance and compliance practitioners
  • Financial control officers

Learning Objectives

Upon completion of this workshop, participants should be able to:

  • Demonstrate an understanding of the role and importance of governance and risk process within the organisation
  • Demonstrate an understanding of the role and function of the accounting / auditing systems and their link to activity from key financial statements
  • Demonstrate an understanding of forensic accounting and identify types of litigation service roles for a forensic accountant
  • Demonstrate an understanding of the internal and the external audit, apply risk assessment techniques to detect and monitor fraud
  • Identify accounting or process inconsistencies, manipulation, fraud and apply the lessons learned from past corporate failures
  • Explore fraud investigations and steps in conducting a fraud investigation
  • Differentiate between financial statement audits and fraud investigations
  • Demonstrate an understanding of the key elements of a successful interview and the conduct of an admission-statement interview
  • Conduct special interviews with members of senior management
  • Draft engagement letters
  • Develop a records retention policy
  • Demonstrate an understanding of what a good expert report entails and the sections of a fraud report
  • Explain
    • Fraud risk assessment within the organisation
    • The importance of a strong code of ethics
    • Benford's Law and how this can be used in digital analysis
  • Explore the diversity of software and technology tools that can assist in the detection and prevention of fraud

Programme Outline

Designed to run over a 4-day period, the workshop will cover specific deliverables on:

  • An overview of forensic investigations
  • The organisation as a system and its governance processes
  • Transaction risk management
  • The role and function of forensic accounting
  • Analysis of key financial statements
  • Current acts in force and guidelines
  • Security groups and the company’s authorisation concept
  • The audit committee and the responsibility for reporting
  • The engagement letter
  • Reviewing the expert report
  • Key components and issues in an expert witness testimony
  • Fraud risk assessment
  • Key tools of a fraud investigator
  • Discovering deception in a written statement

Facilitator's Bio-Sketch: Nigel Chinapoo

Nigel is a Director of Rolley Holdings a local financial and information communication technology consulting firm and has held positions with a number of local and regional ICT and financial service companies. His unique background makes him well qualified to advise on corporate financial value chains and the role of technology in existing operational / change management and new business initiatives. He has over 18 years of experience in the financial and services industry both as a financial/accounting professional and technology/systems executive.

Nigel launched his accounting career with membership and subsequent fellowship of the Association of Chartered Certified Accountants (ACCA) in 1999/2001. He moved directly into the financial services industry with positions in financial and management accounting as well as corporate financial strategy and mergers and acquisition for regional corporates and their subsidiaries throughout the Caribbean. Subsequent executive management experience includes serving as the head of insurance and financial systems development at SunGard Data Systems in Atlanta as well as Manager of Mergers and Acquisitions at Citigroup. He also served as Chairman and Board Member with several Health and Document Imaging companies based in Trinidad and Tobago. This experience with leading financial organizations is further complemented by his leadership roles in various industry organizations including the E-Teck ICT Cluster advisory Board and member of the Trinidad Chamber of Industry and Commerce’s EBITT committee.

Nigel is a graduate of the University of the West Indies with a BSc. in Economics/Mathematics and is a Fellow of the Association of Chartered Certified Accountants (F.C.C.A.).  

Details

Date View Event Calendar September 22nd, 23rd, 25th and 26th, 2014
Time 8:30 pm – 4:30 pm
Duration 1 Day
Cost TT $4,500.00 per participant, inclusive of all training materials, lunch, refreshments and certificate
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope

Contact

Tel: 645-6700
Fax: 662-1411

Coordinators:

Umesh Sookoo ext. 367
Anastasia Mohammed ext. 328

E-mail:  openenrolment@lokjackgsb.edu.tt

Certification

Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.

 

  

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