Surgent's Introduction to Forensic Accounting

Overview

Forensic accounting encompasses fraud investigation and prevention, as well as a wide variety of functions in litigation. Forensic accountants provide services ranging from serving as an expert witness, to litigation consultant and bankruptcy trustee. As our economy grows more complex, the need for forensic accountants grows as well. One critical role of the forensic accountant is exposing and examining financial fraud. Technology expands the way companies conduct business; however, technology also provides greater opportunities for those willing to commit fraud. Forensic accountants rely on their skills in accounting, coupled with their investigative skills, to explain to clients, courts, and jurors how fraudulent schemes occur and the effect caused by fraud. Forensic accountants also provide expert opinions in calculating damages in litigation and administering bankruptcy estates, as well as a host of other services.

Highlights

Review of the different aspects of forensic accounting
The civil litigation process as it relates to forensic accounting
Litigation services provided by forensic accountants
Fraud detection and prevention
Various types of fraud
Training and certifications in forensic accounting
Forensic accounting in bankruptcy proceedings
Forensic accounting in family law proceedings
Calculating damages for use in litigation
Valuations
Ethical issues pertinent to forensic accounting

Prerequisites

Experience with individual and business clients

Designed For

Accountants seeking to understand the many roles and services offered through forensic accounting and accountants seeking to augment their practices and increase billables

Objectives

Understand the various roles and requirements of forensic accountants
Recognize the skills that forensic accountants use in fraud investigation, in bankruptcy proceedings, and in litigation support roles
Understand the formal training and certifications available in forensic accounting