The Diploma in Forensic Accounting contains twelve units:
Unit 1: An Introduction to Forensic Accounting
Forensic accountants are used all around the world by companies, firms or organizations ranging from giant to small businesses. The first unit in this course gives candidates the need-to-know information before diving deeper into the course. It explains the roles and significance of a forensic accountant.
Unit 2: Financial Trends and Criminality
Prediction is a powerful tool in the fight against financial criminals. This unit trains candidates on how to pay attention to popular crime trends and use the information gathered to predict future crimes.
Unit 3: Common Personality Traits of Fraudsters
There are several traits, characteristics, and backgrounds that are shared by people who commit fraud and embezzlement and this unit expatiate how to notice these people before or in the process of committing fraud.
Unit 4: Fraud Detection Methods
Organizations and business firms all over the world hire forensic accountants to prevent their companies from fraud and embezzlement. This unit drills candidates on the most effective methods of fraud detection and supplies them with top-notch fraud detection skills.
Unit 5: General Investigative Procedures
The main objective of this unit is to give the key steps and important strategies in an investigation from an accounting viewpoint. It gives a detailed explanation of the investigation process, taking one step after the other for total understanding.
Unit 6: Evaluation and Assessment: Gather Evidence
Unit 6 goes further into the investigation process. It defines evidence, states its different types and how they are used in an investigation and lists the procedure of collecting relevant evidence.
Unit 7: Collecting Non-Financial Evidence
This unit enumerates how to notice and gather non-financial information that can be used during a fraud examination. It instructs candidates on how to pay attention to things like body and eye language when obtaining and evaluating non-financial evidence.
Unit 8: Investigating Monetarily Sophisticated Witnesses
Forensic accountants are required to understand the importance of witnesses when investigating and how to deal with them. This unit helps candidates in identifying witnesses, understanding and recognizing the several types of witnesses, dealing with uncooperative witnesses and the interview process.
Unit 9: Conducting Fraud Risk Assessment
The ability to avoid and observe fraud begins with the ability to discern and evaluate potential fraud risks for an organization. Unit 9 helps candidates to master and develop the skills required to help perform and execute a productive fraud risk assessment.
Unit 10: Fraud Prevention Techniques
No organization is immune to fraud and embezzlement. This unit gives some of the most effective fraud prevention techniques and explains how they can be applied to protect an organization from fraud loss. It also points out several types of business fraud.
Unit 11: What is Cyber-Crime and how to Prevent it?
Cyber-crime can also be referred to as Internet crime. The focus of this unit is on cyber-crime and cyber-security. It defines and outlines several examples of cyber-crime and gives the most effective ways to protect yourself against it.
Unit 12: How to Work in a Forensic Investigation Team
The concluding unit is a guide to the do’s and don’ts when working on an investigation. As a forensic accountant, you will need to have acquired a set of skills and these skills are taught in earlier units. This unit tells you how to implement those skills when working in a team and enumerates your roles and responsibilities in the team.