Forensic Accounting

by John Taylor
access120 days access
cpd hours4 CPD hours
price£75+vat

This course will enable you to:

  • Understand the role of the forensic accountant
  • Identify misconduct including money laundering
  • Gain an understanding of how to prevent fraud
  • Plan and conduct fraud investigations
  • Develop an understanding of non-fraud work such as valuations and asset tracing
  • Understand the role of the forensic accountant as an expert witness

The role of the forensic accountant will seem familiar to finance professionals, but it demands skills way beyond technical finance skills. Forensic accountants' day to day work involves fraud investigations, damages assessments, valuations of businesses or curious entities and frequently involves legal proceedings. The forensic accountant could spend a week as the expert witness in a matrimonial dispute involving millions of pounds of marital assets, before spending the next valuing a football club.

This course allows you to work through activities, share your learning with peers, and get the knowledge and skills that will enable you to operate in the world of the forensic accountant. You’ll be able to identify misconduct and fraud as well as understand how to conduct fraud investigations and non-fraud work.

Introduction

  • Forensic accounting
  • The psychology of fraud
  • The fraud triangle
  • Has a crime been committed?
  • Money laundering, bribery and corruption
  • Corporate fraud
  • Detecting fraud
  • Preventing fraud

Fraud investigations

  • General principles
  • Fraud response team
  • The purpose of fraud investigation
  • Possible problems
  • Investigating management fraud
  • Analytical review
  • Investigating employee fraud
  • IT investigation approaches
  • When are IT approaches useful?

Non-fraud work

  • Valuation of unlisted entities
  • Types of valuation
  • Asset tracing in divorce cases
  • Asset tracing and fraud

The expert

  • Consequential losses
  • Calculating consequential losses
  • Liquidated damages
  • The expert witness
  • Giving evidence in a civil case
  • Giving evidence in a criminal case
  • Preparing the final report

John is a Chartered Accountant who spent many years advising small and medium-sized businesses across the North of England. He specialised in dealing with the particular problems faced by large family-owned companies. John joined Bradford College where he taught a wide range of students from diverse backgrounds and with varying levels of ability. John later joined Leeds Met University where he specialised in teaching auditing on ACCA professional courses and Forensic Accounting at Masters level. He is now a freelance author and lecturer.

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Verifiable CPD
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  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

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