CPAs, CFOs, Financial Controllers, Staff Accountants, Finance and Accounting Department Personnel, Independent Auditors, Internal Auditors, Financial Analysts, Budget Directors, Government and Private Industry Financial Professionals
This Excel training program will illustrate how best to use Excel's special tools and functions to spot fraud red flags. It will also review SAS No. 56 Analytics and related dashboard KPIs and offer insight into Benford's law and limitations. Attendees will learn how to set up a worksheet to help automate Benford's law analysis. (see
full course description)
Seminar
/ Training class dates & locations
share this page
print the agenda
Training Course
Syllabus:
How to Use Excel to Detect Fraud
Objectives of the Presentation
Understand the scope and size of fraud Review proper internal control Review SAS No. 56 Analytics and related dashboard KPIs Understand Benford´s law and limitations Set up a worksheet to help automate Benford´s law analysis Using Excel´s special tools and functions to spot fraud red flags
Why Should you Attend
Properly informed, financial professionals can serve as fraud auditors and add huge value to their department. Using Excel´s fraud related applications lets you data mine huge volumes of accounting transactions in an organized manner and recover substantial amounts of money for your firm.
Excel 2013/16 provides several easy-to-use tools that can greatly enhance and expedite the fraud audit process. This course will demonstrate how to use a variety of Excel tools along with step-by-step instructions that you can put to immediate use to help your firm spot fraud red flags.
This informative, practical, on-the-job training program will combine the best aspects of two different but related topics: fraud auditing and Excel tools for data mining, statistics, analytics and more useful Excel tools.
Areas Covered
Overview of fraud Scope and size of fraud annually Internal control and segregated functions Troubleshooting potential fraud red flags with Excel designed analytics Horizontal and vertical analysis Metrics: ratio analysis and disaggregated information Trend analysis - charting linear regression analysis for speed Sample dashboard analytics and fraud red flags Understanding and using Benford´s law with Excel to spot potential fraud Establishing a template for expectations vs. actual results First and second digit test and needed Excel functions Limitations of Benford´s law Using gaps in numbers to spot fraud red flags with Excel Using Excel´s special tools and functions to spot fraud red flags Excel tools for spotting duplicate payments: payroll, vendor invoices, and more Stratifications, frequencies and maximum analysis Receivables and inventory Payables, payroll and disbursements Finding fictitious vendors, payroll comparisons, duplicate payments, and more Fictitious sales - bonuses to salesmen - using pivot tables to age receivables Fraudulent travel and expense account items Auto fleet: fraudulent gas purchases
Who will Benefit
CPAs, CFOs, Financial Controllers, Staff Accountants, Finance and Accounting Department Personnel, Independent Auditors, Internal Auditors, Financial Analysts, Budget Directors, Government and Private Industry Financial Professionals
Seminar Summary:
This Excel training program will illustrate how best to use Excel's special tools and functions to spot fraud red flags. It will also review SAS No. 56 Analytics and related dashboard KPIs and offer insight into Benford's law and limitations. Attendees will learn how to set up a worksheet to help automate Benford's law analysis. (see
full course description)
Email this event...
Find similar training..
Other seminars from Online Compliance Panel
