Learning Goals:

To familiarize the participants with the application of forensic audit, the necessary knowledge and skills, the differences in relation to the financial auditor, as well as basic fraud schemes.

Learning Outcomes:

After successful completion of the module, participants will be able to:

• Understand the differences between forensic and financial auditors,
• Recognize basic fraud schemes,
• Understand the behavior of fraudsters and the reasons for fraud.

Module Structure:

1. A brief history of fraud and profession
2. Application and importance of forensic audit
3. Differences between forensic and financial auditors
4. Necessary knowledge, skills and abilities of a forensic auditor
5. The concept of financial fraud and fraudster
6. Fraud for and against the benefit of the organization
7. Basic fraud schemes (financial criminal activities)
8. Falsified financial statements
9. Embezzlement of cash, inventory
10. Criminal actions by suppliers and buyers
11. Bribe and corruption
12. Money laundering
13. Criminal actions related to bankruptcy
14. Criminal acts related to taxes (direct, indirect, etc.)
15. Appraisal scams
16. Bitcoin and blockchain scams, cyber crime
17. Profile and types of fraudsters
18. The triangle of fraud - motive, opportunity, rationalization

Learning Goals:

Acquaintance with the legal and professional framework of forensic auditing, as well as with the standards of financial fraud detection, professional ethics and the necessary ethical behavior of a forensic auditor. 

Learning Outcomes:

After successful completion of the module, participants will be able to:

• Understand the legal regulatory framework of fraud detection,
• Apply internal and external audit standards,
• Apply the code of professional ethics

Module Structure:

1. Legal framework in the fight against financial fraud
2. Legal framework and reporting framework
3. Professional framework for dealing with forensic audit
4. Application of internal and external audit standards for the detection of criminal acts
5. Code of professional ethics and ethical conduct of a forensic auditor

Learning Goals:

For the participants to learn the responsibility of different levels of management, to familiarize themselves with prevention methods and risk assessment techniques. Also, the goal is to become familiar with risk indicators and detection methods.

 Learning Outcomes:

After successful completion of the module, participants will be able to:

• Understand the responsibility of different levels of leadership,
• Apply prevention strategies,
• Conduct a fraud risk assessment,
• Detect and recognize fraud occurence indicators,

Module Structure:

1. Responsibility for fraud (criminal acts)
2. Responsibility of the Board of Directors
3. Responsibility of the management
4. Responsibility of the Audit Committee
5. Responsibility of the external auditors
6. Responsibility of the internal auditors
7. Fraud prevention
8. Fraud prevention policies and procedures
9. Preventive environment and other preventive measures
10. Prevention in accounting cycles
11. Fraud risk assessment
12. Fraud risk indicators
13. Red flags of financial fraud (criminal acts)

Learning Goals:

• Understand the reasons and ways of starting an investigation,
• Get acquainted with the methodology, plan and objectives of conducting a forensic audit,
• Understand the concept of evidence, and the methods and importance of evidence management,
• Get acquainted with sources of evidence,
• Learn the concept, elements and form of a forensic auditor's report

Learning Outcomes:

After successful completion of the module, participants will be able to:

• Make a decision to initiate an investigation,
• Prepare a plan and conduct a forensic audit/financial investigation,
• Manage documentation appropriately,
• Determine the sources of the necessary information,
• Prepare a report on the conducted forensic audit

Module Structure:

1. Reasons for initiating an investigation
2. The methodology of conducting a forensic audit
3. Previous preparations
4. Plan and goals of the investigation
5. Conducting a formal investigation
6. The concept of evidence in the detection of financial fraud (criminal acts)
7. Managing documentation as physical evidence
8. Document analysis
9. Information sources
10. Reporting on the conducted investigation
11. Concept, elements and form of the report
12. Preparation of reports for court proceedings

Learning Goals:

Getting to know the basic techniques of collecting and analyzing evidence.

Learning Outcomes:

After successful completion of the module, participants will be able to:

• Determine the necessary method and sources of evidence collection,
• Application of evidence discovery methods and techniques,
• They conduct interviews of suspects and/or witnesses in order to obtain confessions or confirmation of already collected evidence.

Module Structure:

1. The concept of evidence
2. Evidence gathering methods - information sources
3. Analysis methods
4. Data mining technique
5. Benford's Law analysis
6. Direct methods
7. Indirect methods
8. Locating hidden property
9. Specific methods according to different fraud schemes
10. The concept of digital forensics and digital evidence
11. Interview as a key method of gathering evidence in forensic investigation
12. Cognitive interview techniques
13. Interview methodology
14. Interviewing "difficult" people
15. Interviewing the suspect and obtaining a confession

Learning Goals:

Get acquainted with the concept and patterns of financial statement fraud, learn how to spot red flags that lead you to suspect financial statement fraud, and ways to detect and prevent financial statement fraud.

Learning Outcomes:

After successful completion of the module, participants will be able to:

• Recognize the red flags in detecting fraud in financial statements,
• Recognize fraud schemes,
• Detect and prevent of fraud in financial statements

Module Structure:

1. Coverage and concept of fraud in financial statements
2. Fraud schemes in financial statements
3. Red flags in detecting fraud in financial statements
4. Detection and prevention of fraud in financial statements
5. Income and expense fraud
6. Inventory fraud 
7. Fraud involving obligations, property
8. Fraud involving financial flows

Learning Goals:

To become familiar with the concept of other financial fraud schemes, learn how to recognize red flags that lead you to suspect a fraud scheme, and how to detect and prevent other fraud schemes.  

Learning Outcomes:

After successful completion of the module, participants will be able to:

• Recognize red flags,
• Recognize fraud schemes,
• Uncover and prevent fraud,

Module Structure:

Acquaintance, detection and prevention of other fraud schemes, in particular:

• Alienation of assets - cash, inventories and other assets
• Payment fraud
• Fraud of financial institutions
• Insurance fraud
• Appraisal scams
• Planned bankruptcy
• Tax fraud
• Corruption (bribery, conflict of interests)
• Money laundering