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DAY ONE
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DAY TWO
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7:30 a.m. - 8:00 a.m.
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Registration - Breakfast Pastries
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Breakfast Pastries
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8:00 a.m. - 9:20 a.m.
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Introduction to Fraud Examination
In this opening session you will learn how fraud examination differs from auditing, how to apply the fraud examination methodology, and how to avoid liability by understanding the legal issues involved in conducting a fraud examination.
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Skimming, Cash Larceny, and Other Assets
This session is spent discussing skimming from the cash accounts and receivables, larceny, misuse of fixed assets, and inventory schemes. You will also learn to compute skimmed revenues by indirect methods.
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9:20 a.m. - 9:35 a.m.
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Break
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Break
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9:35 a.m. - 10:55 a.m.
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Auditors' Fraud Responsibilities
This session will cover the legal and accounting rules that now define the responsibilities of both external and internal auditors with regard to fraud detection and prevention.
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Fictitious Disbursements
In this session, you will learn fictitious disbursement schemes: intermediate payee schemes, including intercepted checks, kickbacks, employee-owned businesses, and friend/relative schemes; self-payee and fictitious payee schemes, including illicit checks, bogus claims, register schemes, fictitious person and shell company schemes, false refunds and voids, and expense account schemes.
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10:55 a.m. - 11:10 a.m.
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Break
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Break
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11:10 a.m. - 12:30 p.m.
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Fraudulent Financial Statement Schemes
Many an investor has relied on the financial statements of a public company, only to find that the books were cooked. This session covers early revenue recognition, liability omissions, fictitious sales and receivables, and other schemes.
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Videotape Screening: Finding the Truth: Effective Techniques for Interview and Communication
There is more to auditing for fraud than reviewing source documents and schedules. Effective communication techniques are areas where the fraud examiner may need special training. That's what you'll learn in this session, and more.
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12:30 p.m. - 1:30 p.m.
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Group Lunch
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Lunch on Your Own
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1:30 p.m. - 2:50 p.m.
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Fraudulent Financial Statement Schemes
(Cont.)
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Data Analysis
Balance sheet and income statement analysis can often lead to evidence of defalcation and other irregularities. This session includes a discussion of vertical, horizontal, and ratio analysis, as well as other techniques that are specifically designed to detect fraud.
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2:50 p.m. - 3:05 p.m.
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Break
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Break
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3:05 p.m. - 4:25 p.m.
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Bribery and Corruption
In this period, you will learn collusion, bribery, illegal gratuities, conflicts of interest, breach of fiduciary duty, economic extortion, methods of making and concealing illegal payments, and detecting corruption schemes.
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Prevention of Management and Occupational Fraud
This session introduces you to the concept of the perception of detection and will provide you with practical solutions to help your organization or your client reduce the losses due to fraud.
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