Course Details

Forensic Accounting In the Public Sector Training Course

INTRODUCTION

The Forensic Accounting in the Public Sector Training Course is designed to equip professionals with the essential skills and knowledge needed to detect, prevent, and investigate financial fraud and irregularities in public sector organizations. Public sector entities handle significant budgets and public resources, making them vulnerable to various financial crimes, including fraud, embezzlement, and mismanagement.

This course blends forensic accounting techniques with insights into the unique structure and regulations governing the public sector, ensuring that participants can effectively identify and address financial misconduct. Whether you’re an auditor, accountant, financial manager, or compliance officer, this training will sharpen participant ability to safeguard public resources and ensure transparency and accountability.

Organizational Benefits

Investing in Forensic Accounting training for your organization can deliver significant advantages, particularly within the public sector, where transparency and accountability are paramount. Here are some key organizational benefits:

• Enhanced Fraud Detection and Prevention
  Equipping your team with forensic accounting skills will improve their ability to identify and prevent fraudulent activities, minimizing financial losses and safeguarding public funds.
• Strengthened Internal Controls
  Participants will learn to identify weaknesses in financial systems, enabling your organization to implement stronger internal controls that reduce the risk of fraud and financial mismanagement.
• Increased Compliance with Regulatory Standards
  The course will ensure your organization’s financial operations align with legal and regulatory frameworks, reducing the risk of non-compliance and penalties.
• Improved Accountability and Transparency
  By fostering an understanding of forensic techniques, your organization can promote greater financial accountability and transparency, building trust with stakeholders, including the public and regulatory bodies.
• Mitigated Risk of Financial Misconduct
  With trained professionals in forensic accounting, your organization will be better prepared to identify potential risks early, effectively addressing them before they escalate into more significant issues.
• Efficient and Accurate Investigations
  The course equips employees with skills to conduct thorough financial investigations, leading to faster resolutions of issues, and minimizing disruptions to regular operations.
• Cost Savings
  Preventing fraud and financial irregularities can result in significant cost savings for the organization. Forensic accounting training ensures that employees are equipped to detect and stop fraudulent activities at an early stage, avoiding expensive investigations and losses.

 DURATION

5 Days

OBJECTIVES

At the end of the course, participants will be able to:

• Understand the role of forensic accounting in the public sector and its importance in combating financial fraud and ensuring accountability.
• Identify common types of fraud and financial misconduct within public sector organizations, including procurement fraud, bribery, and corruption.
• Apply forensic investigation techniques to uncover financial irregularities and misconduct through data analysis, document examination, and interviews.
• Utilize forensic tools and technologies to detect anomalies in financial records and transactions.
• Understand the legal and regulatory framework governing public sector financial practices and how it affects forensic investigations.
• Conduct fraud risk assessments to identify potential vulnerabilities in public sector financial systems and controls.
• Report findings effectively by preparing comprehensive forensic accounting reports that can be used in legal proceedings or audits.
• Collaborate with law enforcement and legal professionals, understanding the chain of evidence and legal implications of forensic investigations.
• Enhance ethical standards by fostering a culture of integrity and transparency within public institutions.

TARGET AUDIENCE

Senior and middle level managers, accountants, auditors, fraud investigators and anyone who wishes to practice in the area of forensic accounting

COURSE CONTENT

• Overview of forensic accounting;
• Cost of crime to public organizations;
• The Fraudsters and fraud detection techniques;
• The investigative process and evidence gathering;
• Evaluation of financial and non-financial evidence;
• Fraud risk assessment and prevention;
• Computer crimes and building a forensic team.

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

CERTIFICATION

Upon successful completion of this training, participants will be issued with a Macskills Training and Development Institute Certificate

TRAINING VENUE

Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com