Forensic Auditing: Fraud Detection, Investigation & Corporate Governance

Program description & objectives

Program description & objectives The role of internal audit has changed dramatically in recent years, with a much greater emphasis on providing assurance to management about the control environment, Value for Money and the quality of corporate governance. However, internal audit still has a key role to play in combating and investigating fraud. Expertise in identifying high risk areas, together with the skills to identify and handle incidents of financial crime, is just as important as it ever was. The incidence of such fraud is increasing and, statistically, it is likely to be one of your long-standing, trusted employees who is stealing your money, your assets or your information. Combating crime requires expertise in information gathering, investigations, interviewing, analysis, record keeping and document management. Generally speaking, police forces are not sufficiently trained and do not have the resources to support or undertake investigations of this nature. This means that when auditors do call in the police, the response is often limited. The chances of obtaining a successful prosecution or recovering the stolen money are slim unless you have the forensic skills to undertake the investigation successfully and to bring the case to a successful conclusion. This programme is aimed at providing you with the skills and knowledge to carry out and lead forensic auditing. Delegates to this program would (among others), broaden their knowledge in the following areas: - What forensic auditing is and the role of forensic auditing in both internal and external audit - Risk based auditing and the Audit Plan and the relationship between internal and external audit - The importance of good corporate governance and counter-fraud activity and awareness - Typical types of fraud and who perpetrates them - Counter fraud techniques: preventing, detecting and correcting fraud and corruption