Applying Forensic Auditing to Internal Audit and Risk Management in

Introduction

Forensic auditing is a critical aspect of an internal audit and risk management program. It involves a systematic and comprehensive examination of financial and non-financial information to uncover any fraudulent activities and/or other irregularities. In this course, directors of internal audit and risk management will learn how to apply forensic auditing techniques and methods to enhance their internal audit and risk management processes.

Outputs

At the end of this course, participants will be able to:
- Understand the importance of forensic auditing in internal audit and risk management
- Apply various forensic auditing techniques and methods to detect and prevent fraud and other irregularities
- Evaluate and implement internal control measures to reduce the risk of fraud and other irregularities
- Develop and implement a fraud risk management program
- Prepare reports and presentations on the results of forensic auditing activities

Objectives

The objectives of this course are to provide participants with the knowledge and skills needed to:
- Develop a comprehensive understanding of forensic auditing and its role in internal audit and risk management
- Evaluate and implement internal controls to reduce the risk of fraud and other irregularities
- Identify and investigate suspected fraud and other irregularities
- Prepare and present reports and presentations on the results of forensic auditing activities

Who Should Attend this Course

This course is designed for directors of internal audit and risk management who are looking to enhance their knowledge and skills in forensic auditing. It is also suitable for internal auditors, risk management professionals, and other senior management personnel who are responsible for fraud prevention and detection.

Outline for 5 Days

Day 1: Overview of Forensic Auditing

- Introduction to forensic auditing
- Importance of forensic auditing in internal audit and risk management
- Overview of the forensic auditing process
- Key concepts and principles of forensic auditing

Day 2: Fraud Prevention and Detection

- Understanding fraud and its impact on organizations
- Evaluating and implementing internal control measures to prevent fraud
- Identifying red flags and warning signs of fraud
- Implementing a fraud risk management program

Day 3: Fraud Investigation Techniques

- Understanding the fraud investigation process
- Techniques for gathering and analyzing evidence
- Interviewing witnesses and suspects
- Presenting findings and recommendations

Day 4: Report Writing and Presentation Skills

- Preparing and writing effective forensic audit reports
- Developing clear and concise presentations
- Presenting findings and recommendations to senior management and stakeholders
- Communication and negotiation skills in presenting findings and recommendations

Day 5: Advanced Topics in Forensic Auditing

- Applying forensic auditing to specialized areas such as cybercrime, money laundering, and other financial crimes
- Emerging trends and developments in forensic auditing
- Best practices and case studies in forensic auditing
- Final review and examination.

Throughout the course, participants will have the opportunity to work on practical exercises and case studies to apply the concepts and skills they have learned. The course will also include interactive discussions and opportunities for participants to share their experiences and insights.