Certificate Course on Forensic Accounting and Fraud Detection
Share this page:
The Council of the Institute of Chartered Accountants of India, recognizing the need for Forensic Accounting and Fraud Detection, in the emerging economic scenario, has decided to launch this Certificate Course on Forensic Accounting and Fraud Detection.
Forensic Accounting and Fraud Detection specialisation is in increasing demand considering increasing incidents of cyber crimes and frauds detection. It is the practice of utilizing accounting, auditing, CAATs/ Data Mining Tools, and investigative skills to detect fraud/ mistakes.
Assessment of the damages
Fact finding to see whether fraud/ embezzlement has taken place
Collection of evidences
Investigating and analyzing financial evidences
Course Classes duration will be for Seven days with a prerequisite to undergo E-Learning of 17 hours & 30 minutes. (One can learn 18 hours sitting at Home/Office).
2 Module tests. One for E Learning on First day of class and one on 7th day. (20 Marks each)
Every Participant will continue to submit of one Research paper (min. 10 pages) with PPT, two forensic audit reports within two weeks after completion of the Course (60 Marks).
A final assessment test of 100 Marks which will be held on quarterly basis. (Applicable for old continuing batches as well).
40 Marks for two Module Tests + 40 Marks for two Forensic Audit Report + 20 Marks for Research Paper & PPT (TOTAL- 100 Marks) Candidates have to secure 50% marks in their Module Test and Project Work (i.e. 50 Marks in total out of 100) to get eligible for appearing in the Assessment Test. Hence passing of the Module Tests and the Project Work is the precondition for appearing in the FAFD Assessment Test
100 marks for FAFD Assessment Test The minimum marks required for passing FAFD Assessment Test is 50% i.e. 50 marks out of 100
The Minimum Attendance Criteria is 90%
In case the candidate is securing marks less than 50% in Project Work and Module Test (together) due to which he / she is not able to get eligible to appear for FAFD Assessment Test then the Candidate may be allowed to re-submit the Project only (i.e. two Forensic Audit Report + Research Paper & PPT) with the re-submission fee (Fee shall be announced soon). The Topic may be same or a new Topic can be requested by the Candidate.
Topics covered in E- Learning
Fundamentals of Forensic Accounting
Frauds related concepts
Forensic Audit Interview
Live Case Studies on Banking Frauds
Red Flags- Concepts and Techniques
Live Case Study on Financial Statement Analysis
IT Act vis-à-vis Business Laws
Topics covered during Professional Training of Seven Days
Precursor Course on MS Excel
Course Introduction, Business Fraud, scenario, and fraudster profile
Discussion on types of red flags, types of fraud situations.
Methods of investigations – CAATs
Case Studies on Frauds, Use of Benford Law, RSF, Luhn's Algo
Mathematical Quantification Using CAATs - Benford's Law
Red and Green Flags, Case Studies Types of Frauds
Mathematical Quantification Using CAATs – RSF, Case Studies
Financial fraud, interviewing and field investigations
Digital Forensics and Cyber law
Introduction to Data Extraction, Digital Forensics and Cyber Crime, Ethical Hacking, Digital Incident Response
Introduction to Cyber Crime & International Guidance to Cyber Forensics Laws
Internal Financial Controls ( IFC ) as per Companies Act 2013 ( Sec 143 , 134 , 5A ), Auditing Standards, Fraud under the Companies Act
Course Duration:7 Days.
CPE Hours: The CPE credit of 20 Hours will be given to the participants. (15 CPE hours after completion of PT Session and remaining 5 CPE Hours after passing the FAFD Assessment Test)
Course Fees: Rs.20,000/- + 18% GST per delegate payable Online
Copyright 2020 All rights reserved to the ICAI. No part of the contents available in any ICAI publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from the Institute.