Financial Statements Fraud|Online

Financial Statements Fraud - Virtual Learning

Why Attend

Internal fraud cases and illegal accounting schemes committed by corporations or individuals are becoming more prevalent. Therefore, the existence of a robust fraud prevention, detection, and control system is critical to ensure that an organization is financially sound. This course takes participants from the theory and concept of fraud detection to its implementation and practice in order to protect investors and companies from fraud in financial statements. In addition, this course provides the necessary tools to help professionals add value to their organization by examining financial statements and determining if there is a likelihood of fraudulent financial reporting.

Course Methodology

The course uses a blend of instructor presentations, individual and group exercises, analysis of actual case studies, and the application of analytical tools learned during the course.

Course Objectives

By the end of the course, participants will be able to:

Identify fraud and fraudsters
Recognize different types of fraud schemes in organizations
Analyze company financial statements to determine if there is earnings manipulation
Assess quality of financial statements using different tools
Implement fraud controls to decrease the likelihood of fraud in the organization

Target Audience

Professionals in the field of finance and accounting, controllers, accounting managers, senior and chief accountants, financial analysts, internal and external auditors, and accountants at all levels seeking to enhance their financial statement fraud detection skills.

Target Competencies

Detecting fraud
Preventing fraud
Identifying fraud
Controlling fraud
Recognizing fraud schemes
Assessing bankruptcy risk
Identifying earnings management
Examining financial statements quality

Identifying fraud and fraudsters
- Introduction to fraud
- Fraud triangle
  - Pressure
  - Rationalization
  - Opportunity
- Fraudsters’ profile
Fraud schemes
- Executive fraud
- Fraud schemes in financial statements
- Fraud schemes in assets
- Fraud schemes in liabilities
- Fraud schemes in expenses
- Fraud schemes in sales
Ratio analysis
- Michael Porter's five forces
- Common size analysis
- Altman Z-score assessing potential bankruptcy
Assessing quality of financial reports
- Framework for assessing quality of financial reports
- Potential problems that affect the quality of financial reports
- Beneish model: M-score on manipulated earnings
- Evaluating the earnings quality of a company
- Evaluating the cash flow quality of a company
- Indicators of balance sheet quality
Internal control environment
- Fraud detection
- Fraud prevention
- Fraud response
- Internal controls
- Corporate governance and ethics
- Code of conduct
- Internal control environment

2023 Schedule & Fees

Fees

Per participant

USD 2700

Fees + VAT as applicable

Discount Plans & Cancellations Policy

Location & Date

There are no public sessions remaining for this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

This course is also offered in face-to-face courses, click on the course below.

Financial Statements Fraud

8 - 12 Oct, 2023

English

Dubai

Overview