Fundamentals of Forensic Auditing

Several large organizations, Government Departments, NGO’s, banks, and small businesses have become victims of the scourge of various types of business frauds. These frauds have resulted in the loss of funds from tens of thousands to multi-million dollar losses. With continual digitization of financial records and transactions, fraud prevention and detection is set to be more challenging. More than usual, auditors need to be alert for situations, control weaknesses, inadequacies in record keeping, errors and unusual transactions or results which could be indicative of fraud, improper or unlawful expenditure, unauthorized operations, waste, inefficiency or lack of probity. With this in mind, this workshop is planned to address alongside usual forensic audit issues, the challenges that have emerged as a reason of digitization trends.

Course Outcomes

• Implementing steps which can be taken to deter fraud and make it much less attractive to commit
• Understanding forensic auditing and develop an understanding of the criminal mind-set
• Adhering to reporting requirements in identifying and preparing fraud cases
• Compiling a checklist with action plans to address investigations in various functional areas within an organisation
• Identifying and utilising “red flags”

Who Should Attend?

• Forensic Accountants and Forensic Investigators
• Internal and External Auditors
• Audit Committee Members
• CFO’s
• Treasurers and Controllers
• Accountants and Auditors
• Insurance Fraud Investigators
• Directors and Deputy Directors Risk
• Business Risk Consultants
• Government Procurement Office

Our Accreditation Partner

In terms of the Higher Education Act, all courses and programmes offered by Business Schools resort under the Council on Higher Education’s Quality Committee (CHE QC) for assessment and quality-assurance purposes. All courses offered by STADIO are registered through the prescribed higher education processes and are subject to internal quality assurance processes as far as moderation, assessment and accreditation are concerned. When short courses are aligned to modules of formal academic programmes of STADIO, or SAQA Registered Unit standards, they are credit-bearing short courses. This status is also described in the Criterion Guideline document for Short Courses” from SAQA