Forensic Accounting and Fraud Control Workshop in Vilnius

Program Date

22 Jul 26 Jul 2024

Program Location

Vilnius, Lithuania

Program Venue

City Hotels Algirdas

Registration & Payment Deadline

31 May 2024

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 with advanced forensic accounting skills to protect businesses from the proliferation of fraud and white-collar crime.

In today’s world, saving your organization’s hard-earned revenue and maximizing your profits by protecting against fraud losses is a must! This highly beneficial forensic workshop provides individuals and organizations with essential knowledge and skills in forensic accounting & fraud auditing and with the ability to effectively detect and prevent fraud. It equips participants with the knowledge of 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 suit 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 occurring 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

First Day

  • Introduction to fraud & Fraud triangle
  • Background of Fraud Auditing & Forensic Accounting
  • Fraud examination & Fraudster’s Profile
  • Types of Fraud & The Fraud Cycle
  • Financial statements & Corruption schemes
  • Assessing the Risk of Fraud & Its Factors

Second Day

  • Keys to Effective Fraud Investigation
  • Fraud detection & response
  • Revenue Recognition Detection Techniques
  • Importing, Analyzing, & Protecting data into Excel
  • Reporting data in Word & PowerPoint
  • Data profile, Periodic graph & Histogram

Third Day

  • 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

Fourth Day

  • Largest growth test & Largest subsets test
  • Relative size factor test, SSS test & SS Different test
  • Subset number duplication
  • Calculating correlations & Time-Series analysis
  • Creating Preventive Environment
  • Enforcement of Ethics and Fraud Policies

Fifth Day – Knowledge Reinforcement and Hands-on Practice

The last day of the program will entirely be dedicated to the practical session. Training participants will have the chance to apply theoretical knowledge gained to real-life simulations and deepen their understanding of selected topics through group work, simulation games, and functional exercises.

The practical session will involve guest speakers from different organizations with deep-domain expertise in Forensic Accounting and Fraud Control. The presenters will share their experience and best practices in fraud control and discuss innovative approaches within the field that can be adopted and utilized.

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.

Moreover, the sessions will be enriched with multiple video demonstrations and involve panel discussions with guest speakers/field experts to maximize delegate engagement and endorse a practical approach.

At the end of each session, the trainer will request feedback and consider comments received for the coming days in order to improve results and ensure a clear and comprehensive understanding of the material covered for delegates.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complimentary)

  • 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 (complimentary)

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report