|Course Level||Level 4|
|Awarding Body||ABC AWARDS|
|Study Method||Distance Learning|
|Course Duration||260 Recommended Study Hours|
|Entry Requirements||No Entry Requirements|
Explore the fascinating and critically-important role of the forensic accountant in this intensive 12-module diploma. Discover what it takes to play an active role in sophisticated fraud detection and prevention, working with public and private sector organisations to minimise loss and ensure total compliance with applicable laws. The modern business simply cannot afford to turn a blind eye to the possibility of fraudulent activity – the evolution of global I.T. technology having intensified threat levels like never before.
This Forensic Accounting Course, offers an insightful introduction to this increasingly-essential professional discipline. While the traditional accountant monitors business spending, tracks income and keeps business books balanced, the forensic accountant actively analyses and monitors accounts for signs of fraudulent activity. When anything unusual is detected, it is the job of the forensic accountant to carry out the necessary investigation to both identify what happened and produce the necessary evidence to prove any ensuing case. The professional forensic accountant therefore has the potential to help the modern business avoid enormous financial losses and damaging legal repercussions.
Course content of this Forensic Accounting Certificate, begins with an overview of forensic accounting as a whole, before introducing the responsibilities and duties of the contemporary forensic accountant. Candidates investigate a variety of effective fraud-detection methods, along with several crucial evidence-gathering methods and how cyber-crime continues to pose a growing threat to the modern business. Successful candidates are instilled with the knowledge, skills and confidence required to pursue rewarding careers in high-level accountancy, or further their education at an advanced level.
This Forensic Accounting Training Course, is delivered over 12 modules:
Module 1 - Introduction to Forensic Accounting
In the opening course module, candidates are provided with a broad introduction to the field of forensic accountancy along with what it is the practicing forensic accountant does. Course content covers the fraud cycle, a series of contemporary fraud-types and what it takes to succeed in this dynamic, high-energy discipline.
Module 2 - Crime and Economy
Course content in the second unit introduces the economic impact of fraud, incorporating an overview of how contemporary fraud affects specific businesses and society in general. Fraud investigation techniques are brought into the discussion, along with the kinds of financial crimes forensic accountants encounter.
Module 3 - Psychology of The Fraudster
Fraudsters, their activities and the way they think/operate represents the primary core focus of Module 3. A series of high- and low-level types of fraud are examined, along with how and why certain individuals/business face a higher risk of being targeted by fraudsters than others.
Module 4 - Fraud Detection Techniques
The fourth course module takes a more intensive and comprehensive look at contemporary fraud detection techniques. Candidates are guided through a series of fraud risk factors, crucial fraud identification techniques and effective methods for gathering information/evidence. Revenue recognition detection and financial statement fraud are also outlined.
Module 5 - The Investigative Process
Course content in Module 5 switches to fraud investigation techniques, guiding candidates through intelligence gathering and analysis, planning a case, establishing case goals and putting a case into action. The important of strong planning and a workable investigative structure is also discussed.
Module 6 - Gathering Evidence
Evidence gathering techniques are explored in greater depth in Module 6, incorporating an overview of important types of evidence, additional evidence the forensic accountant creates personally, documents crucial to the investigative/case process and the role documentary evidence plays in validating/disproving a case.
Module 7 - Obtaining & Evaluating Non-Financial Evidence
Non-financial evidence represents the core focus of Module 7, in which candidates are introduced to effective interview techniques and how to properly analyse written/spoken statements. Course content explores the importance of combining financial and non-financial evidence when looking to prove a case.
Module 8 - Interviewing Financially Sophisticated Witnesses
Interview techniques are further explored and expanded in Module 8, which incorporates an exploration of the interview process and its most important core elements. The purpose and objectives of the interview are outlined, along with crucial interview planning strategies and how to ask the right questions to financially-sophisticated witnesses.
Module 9 - Fraud Risk Assessment
Course content in the following module brings risk assessment and analysis. Into the discussion. Along with an overview of why fraud prevention is more valuable than fraud detection, candidates explore a variety of best practice standards and common risk factors.
Module 10 - Fraud Prevention
A more intensive investigation of fraud prevention follows in Module 10, in which candidates are guided through a series of theories/methodologies for minimising the likelihood of fraudulent activity. The enforcement of ethics and establishing fraud policy are also introduced.
Module 11 - Computer Crimes
How the evolution of information technology has impacted fraud at all levels is explored in-depth in Module 11. Along with an overview of several key cyber-crime categories, candidates are provided with an introduction to cyber-security and data protection.
Unit 12 - Working in A Forensic Team
Bringing the course to a close, the final module introduces candidates to the concept of the forensic team, along with the roles and responsibilities of those therein. Subtopics covered include working with lawyers and other legal professionals, establishing common goals and working with both external and internal auditors.
At the end of this course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (which lists the details of all the units you have completed as part of your course).
The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means that OHSC has undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria. The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner.
The course itself has been designed by OHSC to meet specific learners’ or employers’ requirements. ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met. A regular review of courses is carried out as part of the endorsement process.
ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government. They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF). It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries. As a registered charity, ABC Awards combines 180 years of examination and assessment expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards also offers over 600 Ofqual regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.