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Unraveling Financial Forensics – Fraud Detection, Investigation and Prevention

 

With an increase in the number of business enterprises as well as advancement in digital technology, the world has witnessed an alarming rise in the occurrences of financial frauds/scams/offences. Recently, the Indian corporate and banking sectors were turned upside down when the activities of celebrity jeweler, Nirav Modi, were uncovered. Authorities are still trying to unravel the extent of fraud perpetrated by his company. By their very nature, financial crimes are difficult to detect in time and almost as difficult to prosecute since fraudsters can cover their trail quite well. Consequently, a new discipline of forensic accounting has evolved to investigate fraud. This comprises expertise in accounting, technology and the law. This course aims to familiarize accountants with the specialization of forensic accounting; lawyers with the assistance that can be provided by forensic accounting in fraud investigation and litigation; and management with the ways fraud can be committed, identified, assessed, managed, and prevented.

COURSE OUTCOME

 
 

After completing this course, learners will be able to:

  • Identify the types, causes and occurrences of financial offences.
  • Learnt the basic means and modes of accounting, its standards and principles.
  • Analyze the legal provisions aimed at preventing, investigating and prosecuting fraudulent conduct.
  • Know the role of Serious Fraud Investigation Office in tackling the menace of financial fraud.
  • Understand the process of investigating fraud by way of forensic accounting and the role of forensic accountants.

COURSE OUTLINE

 
 
  • Module 1 – Introduction to Fraud
  • Module 2 – Basics of Financial Accounting, Auditing and Investigation
  • Module 3 – White Collar Crimes
  • Module 4 – Fraud and Legal Provisions
  • Module 5 – Role of Serious Fraud Investigation Office
  • Module 6 – Fraud and the Forensic Accountant
  • Certification Exam/ Assessment

CERTIFICATION

 

Honors Badge

WHO SHOULD TAKE THIS COURSE

  • Accountants
  • Auditors
  • Managers
  • Employees
  • Businessmen
  • Lawyers
  • Law students
  • Investors

Level: Advanced

Language: English

Duration: 6 Months

EVALUATION METHOD

Progress will be tested by way of quizzes and assignments at the end of each Module. Learners must attempt the exam at the end of the course and secure at least 50% marks to obtain course certificate.

About the Author

Varnika Jain, an alumnus of Dr. Ram Manohar Lohiya National Law University, Lucknow, is currently working as Faculty and Editor at LawSkills. Specializing in the field of Competition Law, policy and research, she has extensive experience in General Commercial Laws, Corporate Restructuring and Strategic Planning as well.

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