ACFEI

Podcasts

Webinar: Implementing Forensic Technologies in Audit Engagements

Presenter: Robert Lechter, CPA, Cr.FA

Schedule: October 7, 2009 @ 12:00 PM CST. - Enroll in the archived version now

Increase your earning potential! Learn valuable skills and techniques conveniently and affordably with this Webinar.

Robert B. Lechter is spearheading the movement for making financial statement auditors more effective by teaching them how to think like crooks and act like detectives. He bases this invaluable tool-chest of forensic and investigative techniques and procedures on several of his actual cases and engagements, delivering a timely, necessary, and unique approach to making audits more like the investigations they should be.

This Webinar is designed to introduce the concept of forensic accounting and describe some of the major differences between traditional audits using generally accepted auditing standards, and forensic audits using the "Seven-Step Methodology" of criminal investigation. This Webinar will explain why forensic techniques are necessary, as noted in some of the stunning findings of the 2008 Report to the Nation on Fraud and Occupational Abuse. Additionally, actual forensic cases in which the author participated and the techniques he used will be discussed with invaluable "Implementation Hints," showing participants how to implement these techniques in a traditional audit.

Mr. Lechter, CPA, Cr.FA, is a sole-practitioner in the state of Maryland. His primary focus of practice is auditing, while he also practices forensic and investigative accounting.

Mr. Lechter has worked with prosecuting and defense attorneys in both criminal and civil cases. He represents clients in America, Canada, Germany, and China, and he has represented the U.S. Government with respect to several international political-risk insurance claims.

Mr. Lechter maintains memberships in the American Institute of CPAs (AICPA), the American College of Forensic Examiners Institute (ACFEI), the Maryland Association of CPAs (MACPA) and the Maryland Society of Accountants (MSA). Mr. Lechter participates in the AICPA Peer Review Program and has completed seven successful (unqualified) reviews.

He has had various articles published in MACPA and MSA accounting journals and has authored and teaches a four-hour continuing education credit program for the MACPA. He also leads in-house training for independent accounting firms.

Target Audience: CPAs, Internal Auditors, Audit Committee Members, Attorneys, and candidates for the Certified Forensic Accountant examination

Learning Objectives:
After participating in the Webinar, participants will be better able to:

  • Explain the concept of forensic accounting.
  • Describe major differences between traditional audits and forensic audits.
  • Explain why forensic techniques are important.
  • Recognize the basic forensic techniques.
  • Discuss a few of the most practical forensic procedures that can be implemented into a traditional audit.
  • Identify other forensic accounting services.

Topics Covered:

  • The Seven-Step Methodology of Criminal Investigation
  • The Fraud Diamond (Fraud Triangle + Capacity)
  • Verbal and Nonverbal Indicators for Detection of Deception
  • Key Financial Ratio Analysis
  • Beneish’s Financial Ratio Indexing Techniques
  • Altman’s Z-Score Analysis
  • Statement of Cash Flow Analysis
  • Benford’s Law

Program Level: Intermediate to Advanced
Advanced Preparation: None
Anticipated length of the presentation: 2 hours
Prerequisites: None
Disclosure: The presenter has no relevant financial relationship to disclose.
Continuing Education (CE): 2 Continuing Education credits

  • The American College of Forensic Examiners International provides this continuing education credit for Diplomates and Certified members, whom we recommend obtain 15 credits per year to maintain their status.

Webinars:
Fully interactive online education programs delivered to your home or office via speakerphone and the Internet.
How it works: Simple—register online. Instructions outlining how to join the webinar will be sent via email prior to the event.
Fees are per site, so an unlimited number of coworkers, friends, or chapter members can participate.

On Demand Replay—complete with links to all handouts—allows you to enjoy the program once within 30 days of the live event—at no additional cost.

$95 for members of the American College of Forensic Examiners, American Psychotherapy Association, Certified in Homeland Security, American Association of Integrative Medicine and American College of Counselors members
$170 for nonmembers

Please note: Registration entitles a site to one connection for audio and Web. Sharing registration information with another location will result in an additional registration fee.
eLibrary: American College of Forensic Examiners has an eLibrary of past webinars to be viewed at any time.
Questions? Contact Anna at anna@acfei.com.