Forensic Accounting - 5 Steps to Successful Performance (Course Id 2290)

• Who is this course for?
  This course is intended for anyone needing Continuing Professional Education (CPE), particularly CPAs and accounting professionals interested in forensic accounting.

• What is this course about or what problem does this course solve?
  The course provides a comprehensive overview of forensic accounting, addressing the standards, qualifications, and a practical five-step process to ensure successful performance in forensic engagements.

• How can the knowledge from this course be used?
  The knowledge can be applied to conduct forensic accounting engagements more effectively, using the structured five-step process and techniques outlined in the course.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It is important because it equips professionals with essential skills in forensic accounting, including understanding the standards, audit trail documentation, and providing litigation support.

• When is this course relevant or timely?
  Released in 2024 and currently up to date, the course is relevant for professionals seeking recent guidance and practical methodologies in forensic accounting.

• How is a course like this consumed or used?
  This course is delivered as a QAS self-study text with a final exam, allowing participants to complete it at their own pace and earn 1.0 CPE credit upon passing with a score of 70% or higher.

This course offers a comprehensive overview of forensic accounting, covering the standards guiding these professionals, the essential qualifications, and the experience necessary for success in this field.  Additionally, this course also outlines a basic five-step process designed to facilitate thorough and meticulously documented engagements, supplemented with examples of the techniques employed by forensic accountants. 

NASBA QAS - Text - NASBA Registry - 2290

Course Learning Objectives

• Recognize the key objectives of forensic accounting
• Identify techniques that forensic accountant use to perform engagements
• Recognize the standards which forensic accountants should follow
• Identify the importance of maintaining a clear audit trail in a forensic engagement

Chapter 1 - Forensic Accounting - 5 Steps to Successful Performance

Course Learning Objectives

Course Overview

What is Forensic Accounting?

Objectives of Forensic Accounting

What Makes a Good Forensic Accountant

What Standards Do Forensic Accountants Follow

Overview of the Five-Step Process

Step 1 – Engagement Planning

Step 2 – Evidence Gathering

Review Questions

Step 3 – Analysis & Examination

Step 4 – Reporting & Documentation

Step 5 – Litigation Support & Follow-Up

Conclusion

Review Questions

Glossary of Key Terms