Review of Financial Accounting and Detecting Fraud Course

Learn the art of reviewing financial accounting and detecting fraud with our specialized training course. BMC Training offers Review of Financial Accounting and Detecting Fraud Course in Finance , Accounting and Budgeting Courses.

  • English
  • 148 Training Sessions
  • Confirmed
  • One Week
Review of Financial Accounting and Detecting Fraud Training Course

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Dubai , UAE 25 - May - 2025 29 - May - 2025 4987.5 GBP
Paris , France 25 - May - 2025 29 - May - 2025 6700 GBP
Hong Kong , Hong Kong 25 - May - 2025 29 - May - 2025 8500 GBP
Tokyo , Japan 25 - May - 2025 29 - May - 2025 9750 GBP
Geneva , Switzerland 25 - May - 2025 29 - May - 2025 8950 GBP
Kuala Lumpur , Malaysia 8 - Jun - 2025 12 - Jun - 2025 4750 GBP
Rome , Italy 8 - Jun - 2025 12 - Jun - 2025 7300 GBP
Barcelona , Spain 8 - Jun - 2025 12 - Jun - 2025 6950 GBP
Zurich , Switzerland 8 - Jun - 2025 12 - Jun - 2025 7950 GBP
London , UK 15 - Jun - 2025 19 - Jun - 2025 4950 GBP
Madrid , Spain 15 - Jun - 2025 19 - Jun - 2025 6950 GBP
Munich , Germany 15 - Jun - 2025 19 - Jun - 2025 7900 GBP
Berlin , Germany 15 - Jun - 2025 19 - Jun - 2025 7900 GBP
New York , United States 15 - Jun - 2025 19 - Jun - 2025 10900 GBP
Amsterdam , Netherlands 15 - Jun - 2025 19 - Jun - 2025 8100 GBP
Milan , Italy 15 - Jun - 2025 19 - Jun - 2025 6950 GBP
Dubai , UAE 22 - Jun - 2025 26 - Jun - 2025 4987.5 GBP
Paris , France 22 - Jun - 2025 26 - Jun - 2025 6700 GBP
Hong Kong , Hong Kong 22 - Jun - 2025 26 - Jun - 2025 8500 GBP
Tokyo , Japan 22 - Jun - 2025 26 - Jun - 2025 9750 GBP
Istanbul , Turkey 1 - Jun - 2025 5 - Jun - 2025 4700 GBP
Bali , Indonesia 1 - Jun - 2025 5 - Jun - 2025 8100 GBP
Singapore , Singapore 1 - Jun - 2025 5 - Jun - 2025 7500 GBP
Washington , United States 1 - Jun - 2025 5 - Jun - 2025 11000 GBP
Dubai , UAE 8 - Jun - 2025 12 - Jun - 2025 4987.5 GBP
Paris , France 8 - Jun - 2025 12 - Jun - 2025 6700 GBP
Hong Kong , Hong Kong 8 - Jun - 2025 12 - Jun - 2025 8500 GBP
Tokyo , Japan 8 - Jun - 2025 12 - Jun - 2025 9750 GBP
Sydney , Australia 8 - Jun - 2025 12 - Jun - 2025 10900 GBP
Interlaken , Switzerland 8 - Jun - 2025 12 - Jun - 2025 8950 GBP
Geneva , Switzerland 22 - Jun - 2025 26 - Jun - 2025 8950 GBP
Taipei , Taiwan 1 - Jun - 2025 5 - Jun - 2025 9300 GBP
Geneva , Switzerland 8 - Jun - 2025 12 - Jun - 2025 8950 GBP
Madrid , Spain 6 - Jul - 2025 10 - Jul - 2025 6950 GBP
Munich , Germany 6 - Jul - 2025 10 - Jul - 2025 7900 GBP
Berlin , Germany 6 - Jul - 2025 10 - Jul - 2025 7900 GBP
New York , United States 6 - Jul - 2025 10 - Jul - 2025 10900 GBP
London , UK 6 - Jul - 2025 10 - Jul - 2025 4950 GBP
Amsterdam , Netherlands 6 - Jul - 2025 10 - Jul - 2025 8100 GBP
Milan , Italy 6 - Jul - 2025 10 - Jul - 2025 6950 GBP
Istanbul , Turkey 13 - Jul - 2025 17 - Jul - 2025 4700 GBP
Bali , Indonesia 13 - Jul - 2025 17 - Jul - 2025 8100 GBP
Singapore , Singapore 13 - Jul - 2025 17 - Jul - 2025 7500 GBP
Washington , United States 13 - Jul - 2025 17 - Jul - 2025 11000 GBP
Istanbul , Turkey 20 - Jul - 2025 24 - Jul - 2025 4700 GBP
Bali , Indonesia 20 - Jul - 2025 24 - Jul - 2025 8100 GBP
Singapore , Singapore 20 - Jul - 2025 24 - Jul - 2025 7500 GBP
Washington , United States 20 - Jul - 2025 24 - Jul - 2025 11000 GBP
Dubai , UAE 27 - Jul - 2025 31 - Jul - 2025 4987.5 GBP
Paris , France 27 - Jul - 2025 31 - Jul - 2025 6700 GBP
Hong Kong , Hong Kong 27 - Jul - 2025 31 - Jul - 2025 8500 GBP
Tokyo , Japan 27 - Jul - 2025 31 - Jul - 2025 9750 GBP
London , UK 13 - Jul - 2025 17 - Jul - 2025 4950 GBP
Madrid , Spain 13 - Jul - 2025 17 - Jul - 2025 6950 GBP
Munich , Germany 13 - Jul - 2025 17 - Jul - 2025 7900 GBP
Berlin , Germany 13 - Jul - 2025 17 - Jul - 2025 7900 GBP
New York , United States 13 - Jul - 2025 17 - Jul - 2025 10900 GBP
Amsterdam , Netherlands 13 - Jul - 2025 17 - Jul - 2025 8100 GBP
Milan , Italy 13 - Jul - 2025 17 - Jul - 2025 6950 GBP
London , UK 20 - Jul - 2025 24 - Jul - 2025 4950 GBP
Madrid , Spain 20 - Jul - 2025 24 - Jul - 2025 6950 GBP
Munich , Germany 20 - Jul - 2025 24 - Jul - 2025 7900 GBP
Berlin , Germany 20 - Jul - 2025 24 - Jul - 2025 7900 GBP
New York , United States 20 - Jul - 2025 24 - Jul - 2025 10900 GBP
Amsterdam , Netherlands 20 - Jul - 2025 24 - Jul - 2025 8100 GBP
Milan , Italy 20 - Jul - 2025 24 - Jul - 2025 6950 GBP
Taipei , Taiwan 13 - Jul - 2025 17 - Jul - 2025 9300 GBP
Taipei , Taiwan 20 - Jul - 2025 24 - Jul - 2025 9300 GBP
Geneva , Switzerland 27 - Jul - 2025 31 - Jul - 2025 8950 GBP
Kuala Lumpur , Malaysia 3 - Aug - 2025 7 - Aug - 2025 4750 GBP
Rome , Italy 3 - Aug - 2025 7 - Aug - 2025 7300 GBP
Barcelona , Spain 3 - Aug - 2025 7 - Aug - 2025 6950 GBP
Zurich , Switzerland 3 - Aug - 2025 7 - Aug - 2025 7950 GBP
London , UK 10 - Aug - 2025 14 - Aug - 2025 4950 GBP
Madrid , Spain 10 - Aug - 2025 14 - Aug - 2025 6950 GBP
Munich , Germany 10 - Aug - 2025 14 - Aug - 2025 7900 GBP
Berlin , Germany 10 - Aug - 2025 14 - Aug - 2025 7900 GBP
New York , United States 10 - Aug - 2025 14 - Aug - 2025 10900 GBP
Amsterdam , Netherlands 10 - Aug - 2025 14 - Aug - 2025 8100 GBP
Milan , Italy 10 - Aug - 2025 14 - Aug - 2025 6950 GBP
Dubai , UAE 17 - Aug - 2025 21 - Aug - 2025 4987.5 GBP
Paris , France 17 - Aug - 2025 21 - Aug - 2025 6700 GBP
Hong Kong , Hong Kong 17 - Aug - 2025 21 - Aug - 2025 8500 GBP
Tokyo , Japan 17 - Aug - 2025 21 - Aug - 2025 9750 GBP
Istanbul , Turkey 24 - Aug - 2025 28 - Aug - 2025 4700 GBP
Bali , Indonesia 24 - Aug - 2025 28 - Aug - 2025 8100 GBP
Singapore , Singapore 24 - Aug - 2025 28 - Aug - 2025 7500 GBP
Washington , United States 24 - Aug - 2025 28 - Aug - 2025 11000 GBP
Dubai , UAE 3 - Aug - 2025 7 - Aug - 2025 4987.5 GBP
Paris , France 3 - Aug - 2025 7 - Aug - 2025 6700 GBP
Hong Kong , Hong Kong 3 - Aug - 2025 7 - Aug - 2025 8500 GBP
Tokyo , Japan 3 - Aug - 2025 7 - Aug - 2025 9750 GBP
Sydney , Australia 3 - Aug - 2025 7 - Aug - 2025 10900 GBP
Interlaken , Switzerland 3 - Aug - 2025 7 - Aug - 2025 8950 GBP
Geneva , Switzerland 17 - Aug - 2025 21 - Aug - 2025 8950 GBP
Taipei , Taiwan 24 - Aug - 2025 28 - Aug - 2025 9300 GBP
Geneva , Switzerland 3 - Aug - 2025 7 - Aug - 2025 8950 GBP
London , UK 28 - Sep - 2025 2 - Oct - 2025 4950 GBP
Madrid , Spain 28 - Sep - 2025 2 - Oct - 2025 6950 GBP
Munich , Germany 28 - Sep - 2025 2 - Oct - 2025 7900 GBP
Berlin , Germany 28 - Sep - 2025 2 - Oct - 2025 7900 GBP
New York , United States 28 - Sep - 2025 2 - Oct - 2025 10900 GBP
Amsterdam , Netherlands 28 - Sep - 2025 2 - Oct - 2025 8100 GBP
Milan , Italy 28 - Sep - 2025 2 - Oct - 2025 6950 GBP
Istanbul , Turkey 7 - Sep - 2025 11 - Sep - 2025 4700 GBP
Bali , Indonesia 7 - Sep - 2025 11 - Sep - 2025 8100 GBP
Singapore , Singapore 7 - Sep - 2025 11 - Sep - 2025 7500 GBP
Washington , United States 7 - Sep - 2025 11 - Sep - 2025 11000 GBP
Kuala Lumpur , Malaysia 14 - Sep - 2025 18 - Sep - 2025 4750 GBP
Rome , Italy 14 - Sep - 2025 18 - Sep - 2025 7300 GBP
Barcelona , Spain 14 - Sep - 2025 18 - Sep - 2025 6950 GBP
Zurich , Switzerland 14 - Sep - 2025 18 - Sep - 2025 7950 GBP
Dubai , UAE 21 - Sep - 2025 25 - Sep - 2025 4987.5 GBP
Paris , France 21 - Sep - 2025 25 - Sep - 2025 6700 GBP
Hong Kong , Hong Kong 21 - Sep - 2025 25 - Sep - 2025 8500 GBP
Tokyo , Japan 21 - Sep - 2025 25 - Sep - 2025 9750 GBP
London , UK 7 - Sep - 2025 11 - Sep - 2025 4950 GBP
Madrid , Spain 7 - Sep - 2025 11 - Sep - 2025 6950 GBP
Munich , Germany 7 - Sep - 2025 11 - Sep - 2025 7900 GBP
Berlin , Germany 7 - Sep - 2025 11 - Sep - 2025 7900 GBP
New York , United States 7 - Sep - 2025 11 - Sep - 2025 10900 GBP
Amsterdam , Netherlands 7 - Sep - 2025 11 - Sep - 2025 8100 GBP
Milan , Italy 7 - Sep - 2025 11 - Sep - 2025 6950 GBP
Taipei , Taiwan 7 - Sep - 2025 11 - Sep - 2025 9300 GBP
Sydney , Australia 14 - Sep - 2025 18 - Sep - 2025 10900 GBP
Interlaken , Switzerland 14 - Sep - 2025 18 - Sep - 2025 8950 GBP
Geneva , Switzerland 21 - Sep - 2025 25 - Sep - 2025 8950 GBP
Kuala Lumpur , Malaysia 19 - Oct - 2025 23 - Oct - 2025 4750 GBP
Rome , Italy 19 - Oct - 2025 23 - Oct - 2025 7300 GBP
Barcelona , Spain 19 - Oct - 2025 23 - Oct - 2025 6950 GBP
Zurich , Switzerland 19 - Oct - 2025 23 - Oct - 2025 7950 GBP
Dubai , UAE 5 - Oct - 2025 9 - Oct - 2025 4987.5 GBP
Paris , France 5 - Oct - 2025 9 - Oct - 2025 6700 GBP
Hong Kong , Hong Kong 5 - Oct - 2025 9 - Oct - 2025 8500 GBP
Tokyo , Japan 5 - Oct - 2025 9 - Oct - 2025 9750 GBP
Istanbul , Turkey 12 - Oct - 2025 16 - Oct - 2025 4700 GBP
Bali , Indonesia 12 - Oct - 2025 16 - Oct - 2025 8100 GBP
Singapore , Singapore 12 - Oct - 2025 16 - Oct - 2025 7500 GBP
Washington , United States 12 - Oct - 2025 16 - Oct - 2025 11000 GBP
Dubai , UAE 19 - Oct - 2025 23 - Oct - 2025 4987.5 GBP
Paris , France 19 - Oct - 2025 23 - Oct - 2025 6700 GBP
Hong Kong , Hong Kong 19 - Oct - 2025 23 - Oct - 2025 8500 GBP
Tokyo , Japan 19 - Oct - 2025 23 - Oct - 2025 9750 GBP
Sydney , Australia 19 - Oct - 2025 23 - Oct - 2025 10900 GBP
Interlaken , Switzerland 19 - Oct - 2025 23 - Oct - 2025 8950 GBP
Geneva , Switzerland 5 - Oct - 2025 9 - Oct - 2025 8950 GBP
Taipei , Taiwan 12 - Oct - 2025 16 - Oct - 2025 9300 GBP
Geneva , Switzerland 19 - Oct - 2025 23 - Oct - 2025 8950 GBP

Course Syllabus

Intorduction

Fraud, including accounting fraud, accounts for significant activity by the criminal classes and this seminar sets out to explain what accounting fraud is, how it can be detected and therefore how it might be prevented.

A large emphasis of this programme is quantitative since accounting is a quantitative subject and auditors and others need a quantitative perspective on their work.

The cases and data coming from the Oil and Gas Industry will be used at relevant places in the seminar. Delegates are highly encouraged to be ready to discuss their own concerns although it is appreciated that confidentially is a supreme concern in a seminar such as this.

Objectives

  • Discuss the structure and foundations of financial reporting
  • Undertake an initial analytical and critical review of financial reports
  • Be aware of creative accounting and how it can be determined
  • Determine the need for forensic accounting by means of case study and other analysis
  • Appreciate the nature or Benford’s Law and its increasingly important role in the prevention and detection of fraud
  • Discuss the role of the auditor in detecting fraud
  • Applying predictive modelling to the fraud problem
  • Carrying out a variety of statistical tests on financial reports and accounting data

Day One

Financial Accounting Review

  • The Background to Financial Reporting
    • Structure of financial reports
    • Regulation of financial reporting
    • Legislation
    • Financial reporting standards
    • Concepts and conventions
    • The framework
  • The Analysis of Financial Reports
    • Ratio analysis
    • Statistical and graphical analysis of financial reports: how can fixed costs be less than zero?
    • Detecting bias in accounting numbers
    • Qualitative analysis: what people say and what they might mean

Oil and Gas Company Reporting Standards and data will feature significantly in this section

Day Two

What is creative accounting and why is it a bad thing?

  • Earnings management
  • Inappropriate accruals and estimates
  • Excessive provisions
  • Recognizing premature revenue recognition
  • Fictitious revenue
  • Aggressive capitalization
  • Creative income statements: classification and disclosure
  • Problems with cash flow reporting

Cases from the energy sector will be used here

Day Three

  • The basics of forensic accounting
  • The going concern concept in greater detail
  • Cases in which forensic accounting was used
  • Off balance sheet finance
  • Introduction to Benford’s Law

Cases from the energy sector will be used here

Day Four

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
      • Why?
      • Who?
      • How?
  • The COSO “Internal Control – Integrated Framework,” (COSO Model)
  • 20 ways to detect fraud
  • Fraud v Erroneous Claims
  • Fraud Detection as a Predictive Modeling Problem
  • Predicting rare events
    • Predictors
    • Stratified sampling
    • Stratified random sampling
    • Outliers
  • Data mining
  • Text mining
  • Identifying fraud using time series analysis
  • Fraud risk assessments

Day Five

Detecting Fraud

  • Further Statistical Analysis of accounting and other data
    • Grouping
    • Ordering
    • Correlation and regression analysis
    • Hypothesis testing
    • Further application of Benford’s Law
      • Chi Square and Kolmogorov Smirnoff Tests
      • Mean Absolute Deviation (MAD) test
      • Mantissa Arc Test
      • Second Order and Summation Tests
  • Summary case study of the main learning points of the seminar: delegates will be expected to bring their own experiences and learning highlights to this final discussion

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