Certified Financial Fraud Control Specialist (CFFCS)

PROGRAM MODE: Live Virtual session LEARNING METHOD: Self paced learning, Activities, case Analysis & Assessment ASSESMENT METHOD: Fully Online MCQ based Exam DURATION: 4 months CONTACT HOURS: 18 hours Validated and Quality Assured by: Cambridge Academy of Professionals- UK

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INTRODUCTION:

There have been several major events related to financial fraud in the business world, such as the Enron scandal, WorldCom scandal, and the Bernie Madoff Ponzi scheme, to name a few. These events have had a significant impact on the financial markets, resulted in billions of dollars in losses for investors, and led to the collapse of several major corporations. Learning how to detect financial fraud is crucial for accountants because they play a crucial role in ensuring the accuracy and integrity of financial statements. Financial statements are the primary means of communicating financial information to stakeholders such as investors, regulators, and creditors. Accountants are responsible for preparing and auditing financial statements to ensure that they are accurate and free from material misstatements, including financial fraud.

LEARNING OUTCOME:

Understand the different types of accounting frauds and red flags to watch for in financial statements
Analyse financial statements effectively and identify potential frauds
Evaluate corporate governance and related-party issues to identify potential frauds
Develop internal controls and safeguards to prevent financial frauds
Educate employees and increase awareness of financial frauds.
Understand the importance of case studies in detecting financial irregularities.
Apply financial statement analysis techniques to detect financial irregularities.

Modules:
M-1: Understanding the Different Types of Accounting Fraud
M-2: Red Flags to Watch for in Financial Statements
M-3: Analyzing Financial Statements for Irregularities
M-4: Evaluating Corporate Governance and Related-Party Issues
M-5: Internal Controls and Safeguards
M-6: Employee Education and Awareness
M-7: Case Studies of Financial Irregularities
M-8: Application of Financial Statement Analysis for Detecting Financial Irregularities

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8th Session

PROGRAM MODE: Live Virtual session
LEARNING METHOD: Self paced learning, Activities, case Analysis & Assessment
ASSESMENT METHOD: Fully Online MCQ based Exam
DURATION: 4 months
CONTACT HOURS: 18 hours
Validated and Quality Assured by: Cambridge Academy of Professionals- UK