Forensic Auditing

FraudInternal AuditRisk

Overview

This course provides an overview of forensic auditor duties and responsibilities applicable to various engagements in civil and criminal cases. It includes practical tools for the participant to identify applicable standards of performance, determine whether they can accept the case, and perform the engagement according to the requirements of the profession.

The course explains the strategy of planning and performing a forensic audit examination, inclusive of staffing and budgeting, and engagement letter requirements. It reviews the evidence types, approaches to gathering and evaluating evidence, and best techniques for interviewing relevant parties. This course covers report writing and case presentations for internal and external use and will provide advice on testifying as an expert witness in a civil or criminal case.

Why you should take this course.

For users with an introductory knowledge of this topic, and are searching for additional information and its application.

Here are the topics we'll cover.

  1. Forensic Audit

    • The Forensic Audit
    • The Forensic Auditor and Types of Forensic Investigations

  2. Engagement and Planning

    • Engagement, Planning and Independence
    • Intake Meeting – Scope and Procedures
    • Expert or Consultant?
    • Applicable Law, Applicable Rules, and Privileges
    • General Standards and Confidentiality
    • Planning and Audit
    • Staffing and Strategic Planning
    • Identification of Evidence Sources
    • Protection of the Objectivity and Integrity of the Work
    • Engagement Letter and Fees

  3. Investigation and Evidence

    • Questions to Answer
    • Evidence
    • Available Records
    • Information Necessary for a Subpoena or Court Order
    • Witness Statements and Interviews
    • Internal Controls and Frameworks
    • Data and Asset Flow Structure Evaluation
    • Data Analytics, Testing, and Limitations
    • Outside Experts
    • Resolving Conflicts Within the Team

  4. Report Writing and Presentation

    • Outcome Evaluation
    • Damages Calculation
    • Evidence Evaluations and Ethics
    • Consultant Report Structure and Language
    • Expert Witness Report Structure and Language
    • Presentation

  5. Expert Witness

    • Expert Witness, Rules and Ethics
    • Discovery
    • Pre-Trial Hearings
    • Process and Duty at Trial
    • Dealing with Hostile Opposition
    • Outcomes and Conclusion

Learning Style

Instructor Led

Level

Intermediate

Who this course is for

Financial, Operational, IT, and External Auditors; Audit Managers; Corporate Attorneys; Information Security professionals, and Risk Management and Human Resources personnel.

NASBA Certified CPE

16 credits

Field of Study

Auditing

Length of course

16h

Prerequisites

Fraud Detection and Prevention: Key Internal Controls
or equivalent experience

Advanced Preparation

None
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Here are the learning objectives we'll cover

  • Assess the scope and objectives of a forensic audit project.
  • Determine key planning strategies, including staffing and budget, of the forensic audit.
  • Identify and evaluate necessary and applicable case evidence.
  • Formulate interim and final written reports. Utilize effective communication skills to present case to various stakeholders.
  • Utilize effective communication skills to present case to various stakeholders.
  • Describe the duties and responsibilities of being an expert witness in trial.

Attendance policy for on-site and online instructor-led training

Students are expected to arrive on time for classes with the proper materials and attitude. An overall attendance rate of 100% is expected to fully absorb the materials and to complete labs. If you have an expected absence, please email support@acilearning.com or your instructor ahead of time. The number of CPEs awarded will be equivalent to the number of hours attended.

ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/