Financial Statements Fraud

Why Attend

Internal fraud cases and illegal accounting schemes committed by corporations or individuals are becoming more prevalent. Therefore, the existence of a robust fraud prevention, detection, and control system is critical to ensure that an organization is financially sound. This course takes participants from the theory and concept of fraud detection to its implementation and practice in order to protect investors and companies from fraud in financial statements. In addition, this course provides the necessary tools to help professionals add value to their organization by examining financial statements and determining if there is a likelihood of fraudulent financial reporting.

Overview

Course Outline

Schedule & Fees

Course Methodology

The course uses a blend of instructor presentations, individual and group exercises, analysis of actual case studies, and the application of analytical tools learned during the course.

Course Objectives

By the end of the course, participants will be able to:

Identify fraud and fraudsters
Recognize different types of fraud schemes in organizations
Analyze company financial statements to determine if there is earnings manipulation
Assess quality of financial statements using different tools
Implement fraud controls to decrease the likelihood of fraud in the organization

Target Audience

Professionals in the field of finance and accounting, controllers, accounting managers, senior and chief accountants, financial analysts, internal and external auditors, and accountants at all levels seeking to enhance their financial statement fraud detection skills.

Target Competencies

Detecting fraud
Preventing fraud
Identifying fraud
Controlling fraud
Recognizing fraud schemes
Assessing bankruptcy risk
Identifying earnings management
Examining financial statements quality

Identifying fraud and fraudsters

Introduction to fraud
Fraud triangle

Pressure
Rationalization
Opportunity

Fraudsters’ profile

Fraud schemes

Executive fraud
Fraud schemes in financial statements
Fraud schemes in assets
Fraud schemes in liabilities
Fraud schemes in expenses
Fraud schemes in sales

Ratio analysis

Michael Porter's five forces
Common size analysis
Altman Z-score assessing potential bankruptcy

Assessing quality of financial reports

Framework for assessing quality of financial reports
Potential problems that affect the quality of financial reports
Beneish model: M-score on manipulated earnings
Evaluating the earnings quality of a company
Evaluating the cash flow quality of a company
Indicators of balance sheet quality

Internal control environment

Fraud detection
Fraud prevention
Fraud response
Internal controls
Corporate governance and ethics
Code of conduct
Internal control environment

Kampala

Kampala (Uganda)2025-11-17$2100

Arusha

Arusha (Tanzania)2026-03-23$1995