Certified Forensic Auditor
International Association of Forensic Accountants and Auditors
Enrollment in the program for obtaining a professional title
Sertifikovani forenzički revizor – Certified Forensic Auditor CFrA
Certified Forensic Auditor je osoba koja poseduje najviši nivo profesionalnih znanja, veštine, vrednosti i etike i svoje znanje koristi kako bi istražio sve vrste manipulacija u knjigovodstvu, uključujući prevaru, utaju poreza, proneveru, lažni bankrot, korupciju i pranje novca. Takođe može biti uključen i u istragu zločina vezanih za prevaru u osiguranju, sa hartijama od vrednosti i pronalaženju finansijera terorizma.
Certified Forensic Auditor je profesionalac koji koristi jedinstveni spoj obrazovanja, iskustva i veština u primeni znanja računovodstva, revizije i istrage kako bi otkrio istinu, sproveo finansijsku istragu i pružio podršku u krivičnom ili parničnom postupku.
This education and practical experience enables the holders of these titles to understand and perform the following tasks:
- Detect forgery of financial statements,
- Otkriju prevare zaposlenih sa otuđenjem imovine,
- Detect the presence of bribery and corruption,
- Detect tax evasion and money laundering techniques,
- Detect bankruptcy forgery,
- Detect false damages to collect insurance,
- Assess the damage caused by criminal acts,
- Determine the duration of fraud and persons involved,
- Prepare adequate reports for management,
- Provide services in civil and criminal proceedings.
The training program for receiving the Certified Forensic Auditor title consists of the following modules:
Module 1: Introduction to financial fraud and forensic audit
Learning Goals:
Da se polaznici upoznaju sa primenom forenzičke revizije, potrebnim znanjima i veštinama, razlikama u odnosu na finansijskog revizora, kao i osnovnim šemama prevara.
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:
- A brief history of fraud and profession
- Application and importance of forensic audit
- Differences between forensic and financial auditors
- Necessary knowledge, skills and abilities of a forensic auditor
- The concept of financial fraud and fraudster
- Fraud for and against the benefit of the organization
- Basic fraud schemes (financial criminal activities)
- Falsified financial statements
- Embezzlement of cash, inventory
- Criminal actions by suppliers and buyers
- Bribe and corruption
- Money laundering
- Criminal actions related to bankruptcy
- Criminal acts related to taxes (direct, indirect, etc.)
- Appraisal scams
- Bitcoin and blockchain scams, cyber crime
- Profile and types of fraudsters
- Trougao prevare – motiv, prilika, racionalizacija
Module 2: Legal, regulatory and professional environment
Learning Goals:
Upoznavanje sa pravnim i profesionalnim okvirom bavljenja forenzičkom revizijom, kao i sa standardima otkrivanja finansijskih prevara, profesionalnom etikom i neophodnim etičkim ponašanjem forenzičkog revizora.
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:
- Legal framework in the fight against financial fraud
- Legal framework and reporting framework
- Professional framework for dealing with forensic audit
- Primena standarda interne i eksterne revizije za otkrivanje kriminalnih radnji
- Code of professional ethics and ethical conduct of a forensic auditor
Module 3: Fraud risk management and financial fraud prevention
Learning Goals:
Da polaznici nauče odgovornost različitog nivoa menadžmenta, da se upoznaju sa načinima prevencije i tehnikom procene od rizika. Takođe, cilj je upoznavanje i sa indikatorima rizika i načinima uočavanja.
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:
- Responsibility for fraud (criminal acts)
- Responsibility of the Board of Directors
- Responsibility of the management
- Responsibility of the Audit Committee
- Responsibility of the external auditors
- Responsibility of the internal auditors
- Fraud prevention
- Fraud prevention policies and procedures
- Preventive environment and other preventive measures
- Prevention in accounting cycles
- Fraud risk assessment
- Fraud risk indicators
- Red flags of financial fraud (criminal acts)
Module 4: The process of forensic audit, investigation of financial fraud
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:
- Reasons for initiating an investigation
- The methodology of conducting a forensic audit
- Previous preparations
- Plan and goals of the investigation
- Conducting a formal investigation
- The concept of evidence in the detection of financial fraud (criminal acts)
- Managing documentation as physical evidence
- Document analysis
- Information sources
- Reporting on the conducted investigation
- Concept, elements and form of the report
- Preparation of reports for court proceedings
Module 5: Collection and analysis of evidence
Learning Goals:
Upoznavanje sa osnovnim tehnikama prikupljanja i analize dokaza.
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:
- The concept of evidence
- Načini prikupljanja dokaza – izvori informacija
- Analysis methods
- Data mining technique
- Benford's Law analysis
- Direct methods
- Indirect methods
- Locating hidden property
- Specific methods according to different fraud schemes
- The concept of digital forensics and digital evidence
- Interview as a key method of gathering evidence in forensic investigation
- Cognitive interview techniques
- Interview methodology
- Interviewing "difficult" people
- Interviewing the suspect and obtaining a confession
Module 6: Forensic fraud investigation in falsified financial statements
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:
- Coverage and concept of fraud in financial statements
- Fraud schemes in financial statements
- Red flags in detecting fraud in financial statements
- Detection and prevention of fraud in financial statements
- Income and expense fraud
- Inventory fraud
- Fraud involving obligations, property
- Fraud involving financial flows
Module 7: Forensic investigation of other frauds
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:
- Otuđenje imovine – gotovina, zalihe i ostala imovina
- Prevare sa plaćanjima
- Fraud of financial institutions
- Insurance fraud
- Appraisal scams
- Planned bankruptcy
- Tax fraud
- Corruption (bribery, conflict of interests)
- Money laundering