FRA101 - Principles of Forensic Accounting
Course Overview
Principles of Forensic Accounting is a foundational course that introduces participants to forensic accounting, fraud examination, litigation support, evidence management, e-discovery, and the calculation of economic damages.
Participants examine how fraud is commonly committed and detected, the characteristics and organizational conditions associated with fraudulent activity, and the measures organizations can use to reduce fraud-related losses. The course also introduces professional standards for litigation services, rules of evidence, evidence-management practices, and methods used to evaluate and calculate financial loss.
Through quizzes, discussions, case studies, practical exercises, and applied assignments, participants explore how forensic accountants use accounting, auditing, investigative, and analytical skills in fraud investigations and legal matters.
- Introduction to Forensic and Investigative Accounting
- Fraud Examination and Common Fraud Characteristics
- Fraud Detection and Anti-Fraud Measures
- Litigation Support Services
- Professional Standards and Standards of Care
- Rules of Evidence and Evidence Management
- Electronic Discovery and the Sedona Principles
- Federal Rules of Evidence and Procedure
- Economic Damages and Financial-Loss Calculations
- Internal Controls
- Interviewing and Sources of Information
- Business Valuation and Other Forensic-Accounting Applications
By the end of this course, participants will be able to:
- Describe the process by which fraud is typically committed, list the common characteristics of employees who commit fraud, and outline appropriate response actions.
- Identify and explain the most common methods used to detect fraud and describe anti-fraud measures that can reduce fraud-related losses.
- List and describe the quality standards for litigation services related to client engagement, forensic reports, testifying, and adherence to standards of conduct and care.
- Explain the key rules of evidence and describe best practices in evidence management.
- Apply the Sedona Principles and Federal Rules of Evidence and Procedure in simulated e-discovery scenarios.
- Identify different types of economic damages and demonstrate methods used to calculate and measure financial losses.
Prerequisites
If English is not your native language, we recommend the equivalent English language proficiency of a minimum score of 557 paper-based or 83 internet-based on the Test of English as a Foreign Language (TOEFL), which is administered by Educational Testing Service (ETS).
The test scores are not required for enrollment in this course.
Accrediting Associations
- CPE for Self-Reporting to your state accountancy board 24.0 CPE self-reporting
Applies To The Following Certificate
- Forensic Accounting Certificate : Required
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Course Schedule
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Time Commitment
24 instructional hours
This fully online, self-paced forensic accounting course includes approximately 24 instructional hours. Participants receive up to six months of course access and may complete the course at their own pace. A recommended six-week pacing guide is provided, and no live class meetings are required.
Delivery Method
Online Asynchronous
Course Materials
All course materials will be provided electronically.
Policy Information
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