Using Data in Forensic Accounting

Exam Questions: 60
Course Level: Basic
Pages: 276 | Content: 254, Supplemental: 22
NASBA Area of Study: Accounting
Not Acceptable for: Enrolled Agents
Version: 8120

This course will serve as your guide to financial investigation that can be applied to almost any forensic accounting case. It emphasizes the use of best evidence to work through problem-solving data analysis that addresses the challenges of imperfect and incomplete information. It utilizes modern fraud investigation, as well as practical applications and processes for working accountants and auditors. You'll find that these methods and techniques can help improve the quality of your work product. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Building a Data Sleuth Team
  • The Data Sleuth Process
  • The Data Sleuth Necessity
  • Data Sleuth Considerations
  • Client Communication and Involvement
  • The Data Sleuth Case Plan
  • Risk-Based Analysis
  • Data Sources and Data Processing Techniques
  • Standard Data Sleuth Analyses: Comparative Analysis and Source and Use Summaries
  • Standard Data Sleuth Analyses: Interesting Data Findings, Risk Indicator Analysis, and Payroll Analysis
  • Findings, Reports, and Testimony
  • Practice the Data Sleuth Process
  • The Cases that Went Wrong
  • Data Sleuth Expansion
  • To recognize the quadrants of the "what we know and don't know" matrix
  • To identify the end-clients of various engagements
  • To recall the term that refers to the theft of cash, inventory, equipment, or any other item of value
  • To recognize the author's fraud formula
  • To identify common types of information requested for cases involving an individual dispute
  • To recall the steps that comprise the Data Sleuth case planning flowchart
  • To recall the primary reason why forensic accountants are commonly hired
  • To recognize the primary example of a qualitative data source
  • To identify the characteristics of the credit card Source and Use Summary
  • To identify the characteristics of risk indicator analysis
  • To recall the characteristics of reports issued to law enforcement
  • To recall the steps in the Data Sleuth Case Planning process
  • To identify the primary job of the forensic investigator
  • To recognize the elements that comprise the Data Sleuth Process

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.