Course Objectives

This course will equip students and young professionals with a basic understanding of fraud, how fraud is perpetrated, the various types of fraud and some interesting data and statistics about fraud. In addition, the course will provide a glimpse into interesting fraud schemes across the world through case studies.


Learners will learn the basics of fraud, the fraud triangle and its application in India. Finally, learners will be able to understand the difference between audit and forensic investigation and skills needed to become a forensic professional.

What's in it for you?

Understand the definition of fraud, the Fraud Triangle and its application in India

Recognize the various types of fraud or the fraud Universe

Demonstrate basic forensic knowledge with respect to types of fraud and interesting fraud schemes

Comprehend the difference between audit and forensic investigation

What you will learn?

  • Week 1 - Definition of Fraud, the Fraud Triangle and its application in India, Red flags

  • Week 2 - A brief overview of the various types of fraud

  • Week 3 - Interesting data and statistics about fraud schemes

  • Week 3-Case studies in asset misappropriation, financial statement fraud, bribery & corruption

  • Week 4- Interesting data and statistics about cyber crime

  • Week 4- Case studies in cybercrime, securities fraud and investment scams

  • Week 5 - How forensic investigation is not the same as audit and there is no such thing as a forensic audit!

  • Week 5 - Skills needed to become a forensic professional

Instructor

Ms. Rajarao, is a Chartered Accountant from the Institute of Chartered Accountants of India and a Certified Fraud Examiner from the Association of Certified Fraud Examiners, USA, the world’s largest anti-fraud organization. Ms. Rajarao was the first Indian to be elected to the Board of Regents of the Association of Certified Fraud Examiners (ACFE) and she recently served as the Vice-Chair of the ACFE’s Board of Regents. Ms. Rajarao has over 25 years of experience and expertise in numerous forensic accounting assignments, fraud investigations and regulatory proceedings in India and the United States that required reconstruction of complex financial records, electronic data and large data sets of accounting transactions and documents