Forensic Accounting and Fraud Control Workshop in Vilnius, Lithuania

Program Date

20 Sep 24 Sep 2021

Program Location

Vilnius, Lithuania

Program Venue

City Hotels Algirdas

Registration Closing Date

31 Jul 2021

Program Overview

Forensic, fraud and financial litigation support continue to remain among the hottest practice areas, with expected growth over the next several years. Accounting scandals such as Enron and WorldCom have created an increasing demand for professionals to become skilled and trained in forensic accounting and for business to protect themselves from the proliferation of fraud and white collar crime. In today’s world saving your organizations hard earned revenue and maximizing your profits by protecting against fraud losses is a must! This highly beneficial forensic training workshop provides individuals and organizations with the knowledge and skills in forensic accounting & fraud auditing and with the ability to detect and prevent fraud. It provides participants with the true forensic methods and applications on how to actually conduct examinations and investigations in this field.

Target Audience

Forensic Accounting and Fraud Control Workshop in Vilnius, Lithuania. As an extensive short-term workshop is a perfect suite for:

  • Public accountants & internal auditors
  • Fraud examiners & Forensic accountants
  • Risk Management Professionals
  • Regulatory Compliance Specialists
  • Financial Security Officers
  • Governmental accountants & attorneys
  • Internal & External Audit Professionals
  • Other accounting/auditing professionals and educators.

Program Objectives

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

  • Clearly Define the meaning of fraud and forensic accounting
  • Deploy effective fraud control methods and reduce the risks of fraud occurrence in the organization
  • Utilize Various tools to expose fraudulent transactions
  • Use statistical and forensic accounting tools to analyze data, test the data and find inconsistencies
  • Utilize Microsoft Excel to identify suspicious information.

Program Contents

Introduction to Forensic Accounting & Fraud

  • Introduction to fraud & Fraud triangle
  • Background of Fraud Auditing & Forensic Accounting
  • Fraud examination & Fraudster’s Profile
  • Types of Fraud & The Fraud Cycle.

Fraud schemes and controls

  • Financial statements & Corruption schemes
  • Assessing the Risk of Fraud & Its Factors
  • Keys to Effective Fraud Investigation
  • Fraud detection & response
  • Revenue Recognition Detection Techniques.

Forensic Analysis & Data Tests

  • Importing, Analyzing, & Protecting data into Excel
  • Reporting data in Word & PowerPoint
  • Data profile, Periodic graph & Histogram
  • Utilizing Excel to prepare data profile
  • Utilizing Benford’s Law
  • Data sets that could be used
  • Effect of data size
  • Basic digit test, First & last two digits tests, One digit a time
  • Chi-Square, Mean absolute deviation & Logarithmic basis
  • Second order test & Summation test
  • Number duplication test in Excel.

Using Excel for Detecting Fraud & Data Inconsistencies

  • Largest growth test & Largest subsets test
  • Relative size factor test, SSS test & SS Different test
  • Subset number duplication
  • Calculating correlations & Time-Series analysis.

Fraud Prevention

  • Creating Preventive Environment
  • Enforcement of Ethics and Fraud Policies.

Program Methodology

Forensic Accounting and Fraud Control Workshop in Vilnius, Lithuania is extremely practice oriented. The presenter will use various modern & effective adult learning techniques while leading the program. These include but are not limited to: formal presentation, real life cases, practical exercises, situational simulations, Numerous Excel Tasks, Group Work and Individual Assignments. The trainer will have an open discussion and request for feedback after each and every sessions in order to ensure the maximum comprehension of the material covered for the participants. Complex tasks will be visualized and demonstrated in a simple manner, so that every topic is easy to understand and can be instantly applied in practice.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report

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