Forensic Accounting A Value Added skill for every Accountant
EVENT DATE:
PRESENTER(s): Dr. Robert K Minniti
This program has been approved NASBA & IRS CPE Credit 2(Taxes)
Are you prepared for the increasing demand for forensic accountants and forensic accounting procedures to detect and prevent misappropriation of assets, management fraud, and fraudulent financial reporting? Forensic accounting is not a complicated concept; it is essentially litigation support involving accounting. The application of forensic accounting techniques is also fairly straightforward. Forensic accountants apply their skills to legal cases to answer questions regarding damages, generally with an economic bearing, or where there is a concern expressed by a company potentially experiencing fraud or suffering from deficient internal controls.
Forensic accounting skills are also useful in assisting the audit team with fraud-risk assessments, where it is vital to know how to ask probative questions in a non-threatening manner. As the focus on fraud discovery and deterrence rises, accountants must hone their skills to recognize fraudulent or deceptive practices and build their knowledge to redesign internal controls.
Learning Objectives:
- To recall the definition of forensic accounting
- To identify the role of forensic accountants
- What does all the alphabet soup mean?
- How can I become a forensic accountant?
Upon completion of this course, you will be able to:
- History of the forensic accounting profession in the United States.
- Understanding what a forensic accountant is and what they do
- Various professional associations and certifications in the forensic accounting field.
- Career opportunities in forensic accounting field
- Skills and knowledge necessary to be a successful forensic accountant.
- Investigating possible embezzlement
- Calculating lost wages, lost profits, and possible bankruptcy
- Identifying hidden income in divorce proceedings
- Rebutting an opposing expert witness
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Auditing
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- IRS Course ID: PJGWS-T-00041-22-O
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- This course is appropriate for CPAs, CMAs, CIAs, CFEs, CFFs, and MAFFs
- Internal Auditors
- External Auditors
- Managers
- Staff Accountants
- CFOs and others responsible for revenue recognition decisions
Speaker Profile:
