Financial Statements Fraud|Online

Overview

Why Attend

Internal fraud cases and illegal accounting schemes committed by corporations or individuals are becoming more prevalent. Therefore, the existence of a robust fraud prevention, detection, and control system is critical to ensure that an organization is financially sound. This course takes participants from the theory and concept of fraud detection to its implementation and practice in order to protect investors and companies from fraud in financial statements. In addition, this course provides the necessary tools to help professionals add value to their organization by examining financial statements and determining if there is a likelihood of fraudulent financial reporting.

Course Methodology

The course uses a blend of instructor presentations, individual and group exercises, analysis of actual case studies, and the application of analytical tools learned during the course.

Course Objectives

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

Identify fraud and fraudsters
Recognize different types of fraud schemes in organizations
Analyze company financial statements to determine if there is earnings manipulation
Assess quality of financial statements using different tools
Implement fraud controls to decrease the likelihood of fraud in the organization

Target Audience

Professionals in the field of finance and accounting, controllers, accounting managers, senior and chief accountants, financial analysts, internal and external auditors, and accountants at all levels seeking to enhance their financial statement fraud detection skills.

Target Competencies

Detecting fraud
Preventing fraud
Identifying fraud
Controlling fraud
Recognizing fraud schemes
Assessing bankruptcy risk
Identifying earnings management
Examining financial statements quality

Course Outline

Identifying fraud and fraudsters
- Introduction to fraud
- Fraud triangle
  - Pressure
  - Rationalization
  - Opportunity
- Fraudsters’ profile
Fraud schemes
- Executive fraud
- Fraud schemes in financial statements
- Fraud schemes in assets
- Fraud schemes in liabilities
- Fraud schemes in expenses
- Fraud schemes in sales
Ratio analysis
- Michael Porter's five forces
- Common size analysis
- Altman Z-score assessing potential bankruptcy
Assessing quality of financial reports
- Framework for assessing quality of financial reports
- Potential problems that affect the quality of financial reports
- Beneish model: M-score on manipulated earnings
- Evaluating the earnings quality of a company
- Evaluating the cash flow quality of a company
- Indicators of balance sheet quality
Internal control environment
- Fraud detection
- Fraud prevention
- Fraud response
- Internal controls
- Corporate governance and ethics
- Code of conduct
- Internal control environment

Schedule & Fees

2026 Schedule & Fees

8 - 12 Nov, 2026

English
Virtual Learning

Per participant USD 1,300

8 - 12 Nov, 2026

Arabic
Virtual Learning

Per participant USD 1,300

29 Nov - 3 Dec, 2026

English
Virtual Learning

Per participant USD 1,300

29 Nov - 3 Dec, 2026

Arabic
Virtual Learning

Per participant USD 1,300

2027 Schedule & Fees

7 - 11 Feb, 2027

Arabic
Virtual Learning

Per participant USD 1,300

7 - 11 Feb, 2027

English
Virtual Learning

Per participant USD 1,300

28 Feb - 4 Mar, 2027

Arabic
Virtual Learning

Per participant USD 1,300

28 Feb - 4 Mar, 2027

English
Virtual Learning

Per participant USD 1,300

9 - 13 May, 2027

English
Virtual Learning

Per participant USD 1,300

9 - 13 May, 2027

Arabic
Virtual Learning

Per participant USD 1,300

30 May - 3 Jun, 2027

English
Virtual Learning

Per participant USD 1,300

30 May - 3 Jun, 2027

Arabic
Virtual Learning

Per participant USD 1,300

8 - 12 Aug, 2027

Arabic
Virtual Learning

Per participant USD 1,300

8 - 12 Aug, 2027

English
Virtual Learning

Per participant USD 1,300

29 Aug - 2 Sep, 2027

English
Virtual Learning

Per participant USD 1,300

29 Aug - 2 Sep, 2027

Arabic
Virtual Learning

Per participant USD 1,300

7 - 11 Nov, 2027

English
Virtual Learning

Per participant USD 1,300

7 - 11 Nov, 2027

Arabic
Virtual Learning

Per participant USD 1,300

28 Nov - 2 Dec, 2027

Arabic
Virtual Learning

Per participant USD 1,300

28 Nov - 2 Dec, 2027

English
Virtual Learning

Per participant USD 1,300