Date of Training

Dec 6 & 7 - Dubai

Next Date

to be announced soon

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Pricing Structure

Platinum Package send 4 delegates
784 USD per person


Gold Package send 2 delegates
882 USD per person


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Forensic Auditing and Accounting

This Forensic Auditing and Accounting training workshop on preventing fraud and corruption will empower you to plug the holes in your fraud and corruption prevention policies by benchmarking against the latest developments in strategies and techniques and by sharing new initiatives. You will learn to protect your organization with knowledge of fraud trends, how to formulate a fraud prevention strategy and to identify vulnerable and potential areas of risk, recognize potential offenders, minimize the effects of fraud on your company, retrieve evidence from personal computers, uncover fraudulent schemes, investigate and draw up watertight cases, successfully navigate the legislative landscape, formulate an effective whistle blowing strategy and protect yourself against money laundering techniques.

Course Outline

The International Business Environment

  • The key issues which drove the frauds of the 21st Century

  • The Organizational Planning Framework

  • The Role of Effective Financial Reporting

  • The Role of Prudent Financial Investors

Overview of “Creative Accounting”

  • Why do companies indulge in cosmetic accounting?

  • How to detect them and how to compensate for them

    1. The bad news is always at the back of the annual report

    2. Fraud Perpetrated through the Development of False Financial Statements

  • Fraud Perpetrated through Misuse of Corporate Resources

Techniques and The Red-Flags of Fraud

  • Fraud Perpetrated through Third-Party Intervention

  • Fraud Perpetrated through False Revenue Recognition

  • Fraud Perpetrated through the Use of Acquisitions

  • Fraud through Financial Instruments and Off Balance Sheet Structure

  • Fraud Perpetrated through Consolidation Activities

  • Fraud Perpetrated through Derivatives

  • Fraud Perpetrated for the Benefit of the Individual

The Nature, Characteristics and Measurement of Working Capital

  • Managing Cash

  • The Beauty of Cash

  • Controlling the Balance

  • Cash Budgets and Managing Cash

Managing Receivables

  • Credit Assessment

  • Length of Credit Period

  • Evaluating Credit Decisions

  • Debt Factoring

  • The Discount Decision

  • Collection Policies

Managing Payables

  • Payables Payments Policies

  • Controlling Payables

Managing Inventories

  • Forecasting Future Demand

  • Inventory Ratios

  • Recording Values

  • Re-ordering Systems

  • Levels of Control

  • Management Models

Internal Accounting and Operational Controls and Fraud

  • Nature and Theory of Internal Control Structures

  • Internal Operational Controls

  • Internal Accounting Controls

  • Internal Controls and Fraud

  • Controls and the Deterrence of Fraud

  • Controls and the Detection of Fraud

  • Controls and the Investigation of Fraud

White Collar Crime and Business Risk

  • The black economy – awareness and profiles

  • Money laundering component and the proceeds of crime

  • Governance and business risk overview

  • Fraud theory (definitions, types and scale)

  • Limitations of traditional audit techniques

  • Strategic fraud prevention plan

Financial Instruments

  • Classifying financial assets

  • Initial and subsequent measurement of financial instruments

  • Financial asset impairment

  • Difference between equity and liabilities

  • Accounting for financial liabilities

  • Disclosure requirements

 Course Director

Masood Pervaiz

ACA, CIA, CISA

Masood has over 15 years of experience in serving at various roles in Internal Audit. He is one of the approve lead internal auditor for US Aid projects where his job is to conduct Financial Audit and recommend preventions and controls to avoid potential fraud and financial lapses.

He has served world leading (among top ten globally) Audit Firm Crow Horwath for 4 years where he specialized in audit function. He is international speaker and has conducted many training on Financial Audit, Fraud and Risk Awareness. His most recent training was on Fraud and Risks in Dubai with overwhelming feedback of training participants.
Masood is a Certified Internal Auditor (CIA) from the Institute of Internal Auditors USA. He is also a qualified Chartered Accountant from Institute of Chartered Accountants of Pakistan. He further strengthened his audit expertise by qualifying the exams of Certified Information System Auditor.

Masood is Managing Director of Centre Consulting and CEO SBM Group that includes a Business School, Chartered Accountancy firm and a Consulting Firm. He is ex-President of The Institute of Internal Auditors (USA) – Pakistan Chapter.

Education

  • Chartered Accountant (CA) Pakistan 2004
  • Certified Internal Auditor (CIA) USA 2006
  • Certified Information System Auditor (CISA) USA 2009

Membership & Credentials

  • Associate member of ACFE, USA
  • Associate member of IIA, USA
  • Associate member of ICAP, PAK
  • Associate member of GARP, USA

 

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