Certificate Course on Forensic Accounting and Fraud Detection using IT and CAATs – ICAI's Initiative
The Institute of Chartered Accountants of India, recognizing the need for Forensic Accounting and Fraud Detection, in the emerging economic scenario, has decided to launch this Certificate Course on Forensic Accounting and Fraud Detection using IT and CAATs.
CAAT stands for Computer Accounting and Auditing Techniques
Forensic Accounting and Fraud Detection specialisation is in increasing demand considering increasing incidents of cyber crimes and frauds detection. It is the practice of utilizing accounting, auditing, CAATs/Data Mining Tools, and investigative skills to detect fraud/ mistakes.
The Course includes lessons on:-
1. Assessment of the damages
2. Fact finding to see whether fraud/ embezzlement has taken place
3. Collection of evidences
4. Investigating and analyzing financial evidences
This, of course, has nothing to do with the Satyam Scam but that will be a live example in all the discussions.