Today the Master in Forensic Accounting & Financial Criminology students made their in-class oral presentations
on topics related to data analysis tools to detect fraudulant financial transactions. Among the tools discussed include the use of the following: Beneish Model, Benford Law, Direct/Indirect Method, Z-Scores, Networth Analysis, Data Mining,
Social Network Analysis, Control Account Analysis, the use of Fraud Risk Indicators and Financial Statement Analysis. Basically, in their presentation, the students had to apply their chosen tool or techniques to a specific financial fraud case and use their analysis to detect and investigate financial statement fraud.
Congratulations all for jobs well done...Actually there's a lot of available tools out there. Some are basic tools which involve thorough understanding of the accounting principles whilst others are in the form of sophisticated software. Forensic accountants and financial fraud investigators must equipped themselves with new knowledge and competencies.
An effective financial fraud investigator must possess at the very least, the following skills and competencies: knowledge in law, auditing, accounting, Information technology, psychology, analytical skill, statistical knowledge and people skill.
on topics related to data analysis tools to detect fraudulant financial transactions. Among the tools discussed include the use of the following: Beneish Model, Benford Law, Direct/Indirect Method, Z-Scores, Networth Analysis, Data Mining, 
Social Network Analysis, Control Account Analysis, the use of Fraud Risk Indicators and Financial Statement Analysis. Basically, in their presentation, the students had to apply their chosen tool or techniques to a specific financial fraud case and use their analysis to detect and investigate financial statement fraud. 
Congratulations all for jobs well done...Actually there's a lot of available tools out there. Some are basic tools which involve thorough understanding of the accounting principles whilst others are in the form of sophisticated software. Forensic accountants and financial fraud investigators must equipped themselves with new knowledge and competencies. 
An effective financial fraud investigator must possess at the very least, the following skills and competencies: knowledge in law, auditing, accounting, Information technology, psychology, analytical skill, statistical knowledge and people skill.
