Instructor for this course
more

Forensic accountants or auditors take a unique focus on performing their work.  Typically, when a person with forensic experience is called in to examine financial records, it is due to suspicion of fraud, evaluation of assets, or even to track down fundamentally incorrect accounting – intentional or not.

As fraud continues to raise its head in business processes, forensic accountants are discovering new and unique ways to identify, examine, and support their hypotheses and investigative techniques.  The work performed by a forensic specialist can be interesting and full of potential potholes if evidence isn’t examined according to proper protocols and standards.

In this course, we examine the many processes and roles of the forensic accountant.  We discuss rules of evidence and the accountant’s potential need to testify in a court of law.  Learners will come away with an in-depth understanding of the world of forensic accounting and the many ways in which it may differ from the typical accountant’s role.

Learning Objectives

  • Explore the world of forensic accounting.
  • Discover distinguishing concepts in forensic accounting.
  • Explore the role of forensic accountants.
  • Recognize the differences between litigation and investigative support.
  • Identify the types of engagements completed by forensic accountants.
  • Explore the process utilized by forensic accountants.
Last updated/reviewed: April 13, 2018

Included In Certifications

This course is included in the following Expert Certifications:

11 CoursesBusiness Fraud Identification and Prevention Certification

  1. Forensic Accounting and Investigation
  2. Dissecting the Fraud Triangle
  3. Fraud: Focus on Corruption
  4. Fraud: Focus on Fraudulent Disbursements
  5. Fraud: Focus on Cash Component of Asset Misappropriation
  6. Fraud: Focus on Inventory
  7. Fraud: Focus on Financial Statement Fraud – Part One
  8. Fraud: Focus on Financial Statement Fraud – Part Two
  9. Fraud and COSO 2013
  10. Top Fraud Schemes
  11. Fraud Risk Assessments

39 Reviews (174 ratings)Reviews

5
Member's Profile
A well taught course. The instructor was able to explain the various concepts and the differences between the forensic accountnat and the general accountant very well.I have learned that being a chartered accountant is not sufficient to make you an expert witness in Court. I strongly recommend this course.
5
Member's Profile
An excellent course that provides a thorough review of forensic accounting, with contrasting insights between forensic, general accounting, and internal audit. I enjoyed learning about the legal aspects related to forensic accounting as well.
4
Anonymous Author
I like the short duration and the concise overview of the subject. I don't understand the correct answer for Exam Question #7.. which is to prohibit the professional from writing any reports. How can this be the correct choice of an answer?
2
Member's Profile
The core information presented in this course is useful, but there was a lot of repetition. I don't need to be told that a forensic accountant is often called to testify in court more than, say, three times.
4
Member's Profile
Excellent course to broaden an Accountants knowledge in the understanding the roles, responsibilities, qualifications and skills needed in order to become an effective Forensic Accountant.
5
Member's Profile
Not so useful in a general accountant/controller role but definitely interesting/informative and definitely recommended if you are thinking about a career in forensic accounting.
4
Member's Profile
This was an informative discussion of the role of a forensic account. The best practice examples of considerations necessarv in situations where forensic accounting is involved.
3
Member's Profile
I believe the course content could be shorted and presented in a more concise manner. Overall good, but would love to see added methods of fraud investigations.
5
Member's Profile
Provides information on what's a forensic accountant do. The instructor also cited good examples of cases where a forensic accountant is necessary.
5
Member's Profile
A good overview of the specialization required by a forensic accountant and the types of engagements a forensic accountant may be involved in.
5
Member's Profile
This was an informative course on forensic accounting and investigation. I would recommend it to anyone looking to learn about this topic.
5
Member's Profile
Very interesting course that provides some insight into the Forensic accounting profession and the process relating to Fraud investigation.
4
Member's Profile
I wish the course would have also included how one goes about obtaining the skills needed to become a forensic accountant.
5
Member's Profile
This was a very interesting intro to Forensic Accounting, that was easy to follow and brought good facts to the table.
5
Member's Profile
Great examples and insight into forensic auditing concepts and applications. Definitely garners interest in the field.
5
Member's Profile
Very informative. Enjoyed learning about aspects of forensic accounting which I had never thought about before.
5
Anonymous Author
A straight forward, common sense explanation of forensic accounting and the issues facing forensic accountants.
5
Member's Profile
It was a good high level course as it explains the difference between forensic and other forms of accounting.
4
Member's Profile
Very detail lesson on the difference between a forensic accountant, auditor and a regular accountant.
3
Good summary of what a forensic accountant is, their skill and experience and types of engagement.
5
Member's Profile
Learned why a forensic accountant is necessary and important in the legal and criminal processes.
5
Member's Profile
I thought this course provided a great overview of forensic accounting and what it entails.
3
Member's Profile
Would have liked to know further about the procedures used to conduct a forensic analysis
5
Member's Profile
A thorough introduction to forensic accounting. Well structured with practical examples
5
Member's Profile
This was a really interesting topic. I liked the comparisons to normal accountants.
4
Member's Profile
Good overview on what a Forensic Accountant does and how they go about auditing.
4
Member's Profile
Interesting subject, good overview of material; like the way it was presented.
5
Anonymous Author
Instructor spoke clearly and presented the information in a thoughtful way.
5
Anonymous Author
Very good instructions and course material. Thoroughly enjoy the sessions.
5
Member's Profile
Very informative. I enjoyed learning about a potential future career.
4
Member's Profile
Interesting content - prepared for people which are new to this topic
5
Member's Profile
This was very interesting - I'm glad I took this particular course.
4
Member's Profile
User friendly materials to study with especially for beginners.
4
Member's Profile
Content was at the right level of detail for a broad audience.
3
Member's Profile
good enough for me to get my cpes for my cia and cpa licenses
4
Member's Profile
Good content as a general overview; somewhat repetitive
5
Member's Profile
Great lesson plan, instructor and review examination.
5
Member's Profile
This is a great course. I will recommend this course.
4
Anonymous Author
Basic and general information.

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:16Introduction to Forensic Accounting and Auditing
Forensic Accounting and Investigation
  3:10Forensic Accounting and Auditing
  8:35Distinguishing Concepts
  12:32Techniques
  16:10Knowledge
  12:21Forensic Accounting
  8:05Forensic Investigation
  15:39Types of Engagements
  2:39Retaining Forensic Accountant
  6:36The Forensic Process
CONCLUSION
  1:34Summary
CONTINUOUS PLAY
  1:31:36Forensic Accounting and Investigation
SUPPORTING MATERIALS
  PDFSlides: Forensic Accounting and Investigation
  PDFForensic Accounting and Investigation Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM