Training Course on Fraud and Forensic Auditing

Training Course on Fraud and Forensic Auditing

Introduction

In the wake of increasing financial crimes, regulatory scrutiny, and cyber fraud, organizations need professionals equipped with the skills to detect, investigate, and prevent fraudulent activities. This Fraud and Forensic Auditing course is designed to empower financial analysts, auditors, risk officers, and compliance experts with the essential knowledge and practical tools to identify red flags, implement anti-fraud controls, and conduct forensic investigations. Through real-world scenarios and current fraud trends, participants will gain hands-on experience in managing fraud risk in today’s complex business ecosystem.

With growing demand for anti-money laundering (AML), digital forensics, risk-based auditing, and corporate fraud prevention, this course integrates emerging technologies such as data analytics, blockchain auditing, and AI-driven fraud detection. Participants will leave with critical thinking skills, investigative strategies, and reporting techniques to drive ethical conduct and financial transparency across the organization.

Course Duration

 10 days

Course Objectives

1. Understand the scope and types of fraud in modern organizations.
2. Identify key fraud indicators and implement early detection mechanisms.
3. Learn advanced forensic accounting and fraud examination techniques.
4. Master financial statement fraud detection and prevention.
5. Apply digital forensics and data analytics in fraud investigations.
6. Analyze real-world fraud case studies using investigative methodology.
7. Develop effective fraud risk assessment frameworks.
8. Interpret regulatory requirements, compliance standards, and anti-fraud policies.
9. Create internal controls for fraud mitigation and whistleblower protections.
10. Utilize forensic tools to trace illicit financial transactions.
11. Understand the legal and ethical implications of fraud investigations.
12. Design and implement fraud reporting systems and protocols.
13. Strengthen organizational resilience through fraud awareness and culture.

Organizational Benefits

• Strengthens internal control systems and compliance culture
• Reduces financial and reputational risks
• Enhances audit efficiency through forensic methodologies
• Prepares teams for regulatory audits and litigation support
• Fosters a proactive fraud prevention and detection culture

Target Participants

1. Internal Auditors
2. Risk and Compliance Officers
3. Finance Managers
4. Accountants
5. Corporate Security Teams
6. Law Enforcement Agents
7. Legal & Compliance Professionals
8. Fraud Examiners and Investigators

Course Outline

Module 1: Fundamentals of Fraud and Forensic Auditing

• Understanding fraud types and schemes
• Key principles of forensic auditing
• Regulatory environment overview
• Fraud triangle and psychology of fraud
• Red flags and fraud indicators

Module 2: Internal Controls and Fraud Risk Management

• Designing effective internal controls
• Risk assessment tools
• Fraud prevention strategies
• COSO framework integration
• Case-based risk mapping

Module 3: Financial Statement Fraud

• Revenue recognition fraud techniques
• Misappropriation of assets
• Expense manipulation and concealment
• Analyzing financial anomalies
• Role of financial ratios

Module 4: Digital and Cyber Fraud Investigation

• Common cybercrime tactics
• Cybersecurity audit integration
• Tracing digital footprints
• Email and network forensics
• IT fraud detection tools

Module 5: Anti-Money Laundering (AML) Techniques

• AML compliance essentials
• Suspicious transaction detection
• Customer due diligence (CDD)
• Financial intelligence reporting
• KYC policy enforcement

Module 6: Investigative Interviewing and Ethics

• Interviewing suspects and witnesses
• Ethics in fraud investigations
• Behavioral red flags and cues
• Documenting interviews
• Legal interviewing standards

Module 7: Data Analytics for Fraud Detection

• Using Excel and ACL for fraud detection
• Predictive modeling and trend analysis
• Data mining in investigations
• Visualization of anomalies
• Case simulations

Module 8: Forensic Evidence Gathering and Documentation

• Types of forensic evidence
• Chain of custody protocols
• Digital documentation standards
• Evidence admissibility in court
• Best practices in reporting

Module 9: Fraud Investigation and Reporting

• Structuring a fraud investigation
• Drafting forensic audit reports
• Communication with stakeholders
• Court-ready documentation
• Root cause analysis

Module 10: Whistleblower Protection and Corporate Governance

• Designing whistleblower programs
• Legal framework and protections
• Encouraging ethical reporting
• Governance and board responsibilities
• Case law and global standards

Module 11: Procurement and Vendor Fraud

• Red flags in procurement systems
• Vendor vetting and monitoring
• Contract fraud schemes
• Conflict of interest detection
• Procurement audit strategies

Module 12: Insurance and Healthcare Fraud

• Insurance fraud types
• Claims auditing techniques
• Healthcare billing fraud
• Fraudulent documentation detection
• Investigating third-party collusion

Module 13: Legal Aspects and Litigation Support

• Laws governing fraud investigation
• Working with legal teams
• Expert witness preparation
• Court presentation techniques
• Documentation for litigation

Module 14: Blockchain and Cryptocurrency Fraud

• Understanding crypto fraud risks
• Forensic tools for blockchain tracing
• Smart contracts and fraud risks
• Dark web investigations
• Regulatory challenges

Module 15: Emerging Trends in Fraud and AI

• AI in fraud detection
• Robotic process automation (RPA)
• Insider threats and behavioral analysis
• Cross-border fraud schemes
• Future of forensic auditing

 Training Methodology

• Instructor-led classroom and virtual sessions
• Case studies and real-life fraud simulations
• Group discussions and role-play exercises
• Hands-on data analysis using software tools
• Post-training assessment and certification

 Register as a group from 3 participants for a Discount

Send us an email: info@datastatresearch.org or call +254724527104 

 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.