Introduction to Financial Forensics©
Program Sponsor: financialforensics®
Focus:
Your clients’ expectations reach beyond your core expertise, whether auditing, tax, valuation, or litigation. Such expectations are no surprise since forensic accounting is now a household term. Thanks to extensive media coverage of several high profile corporate collapses and showcasing of forensic accounting specialists, the public thinks that all CPAs have such expertise. Consequently, the public, i.e., your clients and prospects, think that you deliver professional services from a foundation of forensic accounting. But the accounting profession has yet to embrace (or even offer) a cogent, comprehensive, forensic accounting methodology by which accountants can guide and refine their forensic accounting craft. Likewise, defending one’s core expertise continues to be more challenging without independently codified benchmarks within a “body of knowledge.” Until now. The Consultants’ Training Institute (CTI) and financialforensics®, have developed the only software-based civil/criminal financial forensics/forensic accounting methodology in existence, called Forensic Accounting/Investigation Methodology© (FA/IM©). This two-day primer—Introduction to Financial Forensics©—exposes attendees to the key financial forensics tools and techniques deployed in civil and/or criminal matters—tools and techniques that are applicable to auditing, tax, valuation, litigation, fraud, and virtually every aspect of CPA services.
What You Will Learn:
Attendees will learn how to approach a financial forensics assignment, what tools to deploy involving people and money, i.e., data in virtually any form (physical and electronic), the entry-point methods to apply, and how the findings are best communicated in civil and/or criminal matters. Typical output is demonstrated via example reports, exhibits, and schedules.
Topics will flow progressively, including:
• “Full-and-false inclusion”
• Genogram
• Behavior detection
• Background investigation
• Gap detection
• ICE©/SCORE©
• Forensic testing of financial statements (e.g., AQI, TATA, et al.)
• Digital analysis (electronic and manual)
• 5+ IRS Indirect Methods
• Gott’s Principle
• WPN, et al.
Presenter:
Darrell Dorrell is a founding partner of financialforensics®, a boutique forensic accounting practice in Lake Oswego, OR. He practices in civil and criminal matters throughout the US and has served as an expert witness/consultant in 500+ matters; additional assignments exceed 1,000. They include alter ego, anti-trust, bankruptcy, breach of contract, estate/gift taxes, family law, fraud, fraudulent conveyance/transfer intellectual property, lost profits, patent, solvency/insolvency, trademark, trade dress, and trade secrets.
Who Should Attend:
This primer is ideal for CPAs, law enforcement (federal, state, local), attorneys, prosecutors, business advisors, bankers, fiduciaries, and business owners—in short, those who may not intend to focus a practice on financial forensics yet want to understand the applicability of the discipline in their pursuits.
NASBA Sponsorship
IBA and NACVA are registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: http://www.nasba.org.
