IT Fraud Course


In today’s world, fraud investigations have become an everyday part of corporate life and the auditor must gain expertise in this area. The series covers such issues as the tasks of the fraud auditor, Forensic techniques and tools and the abilities required of the fraud auditor, the type and nature of common frauds, investigating fraud, computer fraud and control, white collar crime, the auditor in court.

Who Should Attend

The workshop is aimed primarily at auditors who are working in a high IT fraud-potential environment as well as:

  • Bankers and financiers
  • Directors and business development executives from the corporate world
  • Accountants and Lawyers


This eight-lecture series, each of 2 hours, is intended to sharpen the skills of auditors in assisting in the uncovering and reporting of fraud, waste, abuse and other irregularities.

Learning Objectives

By the end of the 8, 2-hour lectures, attendees will be able to:

  • Identify the concepts underlining Fraud and Forensic Accounting
  • Identify the sources and indicators of Internal Fraud
  • Define the essential components of Fraud Detection
  • Comprehend the overall structure of IT Fraud Investigation
  • Understand the methodologies of Investigating by Computer
  • Identify, obtain and preserve Digital Evidence
  • Carry out Data Analytics Techniques
  • Describe Creative Fraud Identification Techniques
  • Report the results of the Forensic Investigation

Course Contents

Lecture 1 Fraud and Forensic Accounting

Core Foundation: Basic Concepts of Fraud, Anti-Fraud Mindset
Asset Misappropriation, Corruption and False Representations
Financial Statements
Fraud and Forensic Accounting in a Digital Environment
Forensic and Litigation Advisory Services
Computer-based tools and techniques
Digital Evidence

Lecture 2 Auditing for Internal Fraud

Introduction to fraud examination
Skimming, Cash Larceny and other Assets.
Auditor’s fraud responsibilities
Fictitious disbursement
Fraudulent financial statements schemes.
Bribery and corruption
Prevention of Management and Occupational Fraud

Lecture 3 Fraud Detection

Identifying fraud
Legal definitions and elements of offences
Practical examples
Red flags
Fraud detection strategies
Information Technology
Reporting lines (Whistle Blowers.)
Auditing – surprise audits, internal and external
Theoretical and legal issues pertaining to fraud detection
Response to fraud
Evidentiary issues

Lecture 4 IT Fraud and Countermeasures

Investigating by computer
Document collection and analysis
Interviewing skills
Documenting evidence
Testifying as a witness

Lecture 5 Digital Evidence

Fraud Data Analysis
Digital prevention and deterrence
Digital evidence
Digital detection and investigation including data mining,
Digital presentation and reporting tools,
Cyber-crime and electronic case management tools

Lecture 6 Data Analytics

Probability theory in Data Analysis
Types of Evidence
Population Analysis
Correlations and Regressions
Fraud Detection using Data Analysis
Data analysis and Continuous Monitoring
Continuous Auditing
Financial Analysis

Lecture 7 Fraud Auditing Creative Techniques

Auditing Techniques
Auditing method 1- ‘Tiger Team Test”
Auditing method 2- “Application of Benford’s Theorem”
Auditing method 3- “Use of Barium test”
Auditing method 4- ” Use of Birbal tricks and traps”
Auditing method 5- “Application of inverse logic”
Auditing method 6- “Use of Space-time dimension in data evaluation”

Lecture 8 Forensic and Investigative Audit Reporting

Types of reporting
Board/Audit committee
Disciplinary action
Litigation support
Criminal process
Follow up and remedial action

Topics for this course

10 Lessons

Fraud and Forensic Accounting

Video Lecture01:42:00

Auditing for Internal Fraud

Fraud Detection

IT Fraud and Countermeasures

Digital Evidence

Data Analytics

Fraud Auditing Creative Techniques

Forensic and Investigative Audit Reporting

Evaluation and Certificate

About the instructors

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Expert Trainer: Richard E. Cascarino, MBA, CRMA, CIA, CISM, CFE Well known in international auditing circles as one of the most knowledgeable practitioners in the field, Richard is principal of Richard Cascarino & Associates, a highly successful audit training and consultancy company. He has worked extensively with banks across Africa, the USA, the Caribbean, the Middle East and the Indian Ocean Isles. He is a regular speaker to National and International conferences and has presented webinar series throughout Africa, Europe, the Middle East and the USA. Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc and is a member of ISACA and the Association of Certified Fraud Examiners. Richard was the chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa and served as chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health). He is also a visiting Lecturer at the University of the Witwatersrand, author of the book “Internal Auditing - an Integrated Approach”, 3rd edition Jan 2015, published by Juta Publishing. This book is extensively used as a university textbook worldwide. In addition, he is the author of the "Auditor's Guide to IT Auditing" and “Data Analytics for Internal Auditors”
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Enrolment validity: Lifetime