An Intensive 5-day Training Course
Review of Financial Accounting & Detecting Fraud
Understanding Fraud Detection Methods in Financial Reporting
INTRODUCTION
In an era where corporate integrity and transparency are under constant scrutiny, understanding how to detect and prevent financial fraud has become an indispensable professional skill. The Review of Financial Accounting & Detecting Fraud Training Course by EuroMaTech equips participants with the analytical and investigative tools required to uncover irregularities, identify financial misstatements, and strengthen internal control systems.
This Financial Accounting Review Course explores how accounting data can be examined to reveal inconsistencies, errors, and intentional manipulation. Participants will gain insights into the psychology and motivations behind fraudulent behavior, the mechanics of creative accounting, and the importance of effective forensic accounting techniques in mitigating financial risks.
Through a combination of theory, data analysis, and case studies, delegates will learn to detect patterns of deception, apply quantitative methods such as Benford’s Law, and understand the auditor’s role in identifying fraud indicators. By the end of the course, participants will have a stronger ability to analyze, interpret, and report financial information with integrity and accuracy.
This Detecting Fraud Course will cover:
- Understanding the principles and structure of financial reporting
- Recognizing creative accounting and manipulative reporting practices
- Applying forensic accounting techniques in fraud detection
- Using Benford’s Law for identifying data irregularities
- Strengthening internal controls and audit procedures
- Conducting statistical and ratio analyses to detect anomalies
TRAINING OBJECTIVES
By the end of this Review of Financial Accounting & Detecting Fraud Training Course, participants will be able to:
- Discuss the structure and foundations of financial reporting
- Identify and interpret signs of creative accounting and data manipulation
- Apply forensic accounting techniques to investigate irregularities
- Understand and use Benford’s Law for fraud detection
- Recognize the auditor’s role in identifying and reporting fraudulent activities
- Perform statistical, ratio, and variance analyses on financial data
- Strengthen preventive controls to reduce the risk of financial fraud
WHO SHOULD ATTEND?
This EuroMaTech Financial Accounting Review Course is designed for professionals responsible for ensuring financial integrity and compliance within their organizations. It is particularly suitable for:
- Finance and Accounting Professionals
- Internal and External Auditors
- Compliance and Risk Management Officers
- Controllers and Financial Analysts
- Forensic Accountants and Investigators
- Corporate Governance and Internal Control Specialists
- Managers seeking to understand fraud detection and prevention techniques
This course is ideal for anyone seeking to enhance their ability to identify and prevent financial irregularities through sound accounting and analytical practices.
TRAINING METHODOLOGY
The Review of Financial Accounting & Detecting Fraud Training Course combines interactive presentations with practical exercises, case studies, and group discussions. Delegates will engage in real-world examples and simulations that replicate common fraud scenarios and financial irregularities.
- Instructor-led sessions focused on fraud case analysis
- Hands-on exercises using ratio and statistical analysis
- Group problem-solving and data review activities
- Discussion of forensic accounting tools and methodologies
- Application of Benford’s Law and trend analysis in fraud detection
This participative approach ensures participants not only learn the theory but also acquire the technical confidence to apply detection and prevention techniques in their organizations.
TRAINING SUMMARY
The Review of Financial Accounting & Detecting Fraud Course by EuroMaTech provides an in-depth exploration of how financial reports can be analyzed to detect signs of misstatement, manipulation, and fraud. It examines the concepts of creative accounting, forensic accounting, and fraud detection through practical tools and real-world cases.
By mastering these analytical methods, participants will be better equipped to identify early warning signs of financial irregularities, conduct structured fraud investigations, and strengthen financial transparency within their organizations. This course delivers essential skills for professionals committed to ethical financial reporting and effective risk management.
TRAINING OUTLINE
Day 1: Financial Accounting Review
- Structure of Financial Reports
- Regulation of Financial Reporting
- Financial Reporting Standards
- The Analysis of Financial Reports
- Detecting Bias in Accounting Numbers
- Qualitative Analysis: What People Say and What They Might Mean
Day 2: Creative Accounting
- What is Creative Accounting and Why Is It a Bad Thing?
- Inappropriate Accruals, Estimates, and Excessive Provisions
- Identifying Premature Revenue Recognition and Fictitious Revenue
- Aggressive Capitalisation
- Creative Income Statements: Classification and Disclosure
- Problems with Cash Flow Reporting
Day 3: Forensic Accounting
- The Basics of Forensic Accounting
- The Need for Sarbanes-Oxley
- The Going Concern Concept in Greater Detail
- Cases in Which Forensic Accounting Was Used
- Off Balance Sheet Finance
- Introduction to Benford’s Law
Day 4: The Role of the Auditor and Detecting Fraud
- The Role of the Auditor in the Prevention and Detection of Fraud
- Deterring Fraud – The fraud triangle
- The COSO “Internal Control – Integrated Framework,” (COSO Model)
- 20 Ways to Detect Fraud
- Identifying Fraud Using Time Series Analysis
- Fraud Risk Assessments
Day 5: Tools for Detecting Fraud
- Further Statistical Analysis of Accounting and Other Data
- Further application of Benford’s Law
- Chi Square and Kolmogorov Smirnoff Tests
- Mean Absolute Deviation test
- Mantissa Arc Test
- Second Order and Summation Tests
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
