Global Learning for Operational Leaders
Classroom
15 sessions
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Online / Live
15 sessions
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Introduction
Course overview
Financial statement fraud and asset misappropriation can go undetected for years when auditors rely only on standard procedures. Auditors need to think like fraudsters and apply targeted techniques.
This Aractech course combines financial audit with fraud detection: fraud schemes affecting financial statements, professional scepticism, fraud risk factors, journal entry testing, revenue and expense manipulation, analytical red flags, forensic techniques and responding to suspected fraud. Participants analyse cases and test data for fraud indicators.
The course is practical and case-based.
What you will achieve
Learning objectives
- Recognise financial statement fraud and misappropriation schemes
- Apply professional scepticism
- Assess fraud risk factors
- Perform journal entry testing
- Use analytics to detect red flags
- Respond appropriately to suspected fraud
Who should attend
Target audience
- Internal and external auditors
- Finance controllers
- Fraud examiners
- Compliance professionals
- Audit committee members
- Risk managers
Methodology
Learning approach
- Fraud case studies
- Data analytics labs
- Red flag exercises
- Interview role plays
- Group discussions
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Fraud and the Financial Audit
- Fraud types
- Fraud triangle
- Auditor responsibilities
- Professional scepticism
- Coffee break
- Professional scepticism (continued)
- Case study: Financial statement fraud
- Exercise: Red flag spotting
Day 2
Fraud Risk Assessment
- Risk factors
- Management override
- Brainstorming sessions
- Fraud risk responses
- Coffee break
- Fraud risk responses (continued)
- Documentation
- Workshop: Fraud risk assessment
Day 3
Targeted Techniques
- Journal entry testing
- Revenue recognition fraud
- Expense and payroll fraud
- Asset misappropriation
- Coffee break
- Asset misappropriation (continued)
- Related parties
- Lab: Journal entry analysis
Day 4
Analytics and Forensics
- Ratio and trend red flags
- Benford's analysis
- Duplicate detection
- Document examination
- Coffee break
- Document examination (continued)
- Interviews
- Lab: Fraud analytics
Day 5
Response and Reporting
- Responding to indicators
- Escalation
- Investigations
- Coffee break
- Investigations (continued)
- Reporting
- Prevention recommendations
- Capstone: Fraud audit plan
FAQ
Frequently asked questions
What does Fraud and Financial Audit Techniques (AGRC-025) cover?
This course covers Auditing and Governance Risk and Compliance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Internal and external auditors, Finance controllers, Fraud examiners
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Istanbul, London, Barcelona, Amsterdam, Cape Town, Munich, Madrid.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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