Forensic Accounting
Learn how to investigate financial fraud, analyse irregularities, gather evidence, support litigation, and help prevent occupational and financial statement fraud.
Course overview
Forensic Accounting is the application of accounting, auditing, and investigative skills to examine financial information for use in legal proceedings. It focuses on detecting, investigating, and preventing fraud.
- Understand the difference between forensic accounting and traditional auditing
- Identify different types of financial and occupational fraud
- Assess fraud risk and recognise red flags
- Apply analytical techniques (Benford’s Law, ratio analysis, cash flow anomalies)
- Learn basics of money laundering and digital forensics
- Collect and document evidence, conduct interviews
- Provide litigation support and act as an expert witness
- Uphold professional ethics in forensic engagements
Course chapters
Follow the chapters in a logical order for the best learning experience.
Introduction to Forensic Accounting
Understand the meaning, evolution, and importance of forensic accounting.
Scope and Objectives of Forensic Accounting
Learn the scope and primary objectives of forensic accounting engagements.
Forensic Accounting vs Auditing
Compare forensic accounting with traditional financial auditing.
Fraud Examination Basics
Understand the fraud triangle and the process of fraud examination.
Types of Financial Fraud
Explore the major categories of financial fraud.
Occupational Fraud
Learn about fraud committed by employees against their organisation.
Financial Statement Fraud
Identify and investigate intentional misstatements in financial statements.
Asset Misappropriation
Detect schemes involving theft or misuse of organisational assets.
Corporate Fraud Detection
Learn techniques for detecting fraud at the corporate level.
Fraud Risk Assessment
Assess the risk of fraud in an organisation systematically.
Internal Controls and Fraud Prevention
Design and evaluate internal controls to prevent and detect fraud.
Red Flags of Accounting Fraud
Recognise common warning signs and red flags of fraud.
Financial Data Analysis
Use analytical procedures to identify unusual patterns in financial data.
Benford’s Law in Fraud Detection
Apply Benford’s Law as a tool for detecting anomalies in numerical data.
Ratio Analysis for Fraud Detection
Use financial ratios to spot potential fraud indicators.
Cash Flow Anomalies
Identify unusual patterns and red flags in cash flow statements.
Money Laundering Detection Basics
Understand the stages of money laundering and basic detection methods.
Anti-Money Laundering Basics
Learn the fundamentals of AML regulations and compliance.
Cyber Fraud and Digital Payments
Understand fraud risks associated with digital payments and cyber channels.
Digital Forensics for Financial Investigations
Get introduced to digital forensics tools and techniques used in financial cases.
Evidence Collection and Documentation
Collect, preserve, and document evidence properly for legal use.
Forensic Interviewing Techniques
Conduct effective interviews during fraud investigations.
Litigation Support and Expert Witness
Provide support in legal proceedings and act as an expert witness.
Business Valuation in Disputes
Apply valuation techniques in the context of legal disputes.
Insurance Fraud Investigation
Investigate common insurance fraud schemes.
Procurement and Vendor Fraud
Detect fraud in purchasing and vendor management processes.
Payroll and Expense Fraud
Identify and investigate payroll and expense reimbursement fraud.
Whistleblower Systems
Understand the role of whistleblower mechanisms in fraud detection.
Forensic Accounting in India
Learn the status, regulatory environment, and practice of forensic accounting in India.
Forensic Accounting Ethics
Uphold professional ethics, independence, and integrity in forensic work.
Forensic Accounting Case Studies
Analyse real-world and hypothetical forensic accounting case studies.
Forensic Accounting Practical Exercises
Practice analytical techniques and investigation scenarios.
Forensic Accounting MCQs
Test your knowledge with multiple-choice questions.
Recommended learning approach
Start with the fundamentals of forensic accounting and fraud types, then move to risk assessment, analytical techniques, investigation process, and specialised areas.