FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

Forensic Finance

Unit I
Introduction to Forensic Accounting, Role of Forensic Auditor/ Forensic Accountants. Fraud triangle, motivation for manipulation of financial statement: measurement of risk and reward by perpetuator of financial frauds. Legal requirement for independent investigation in case of frauds. Recording of evidence, disposition and testimony. Guidelines for professional standards and conduct relating to Forensic Engagement. (12 Hours)
Unit II
Planning and preparing financial forensic investigation. Defining terms of engagement, working with legal professionals. Overview of evidence identification and collection for legal matters. Techniques of investigation in case of electronically stored information. Process to examine electronically stored data. (10 Hours)
Unit III
Computation of economic damage and assessment of legal issues. Impact of fraud on business and society. Types of fraud schemes. Fraud risk assessment and process control. Measurement of financial stress and degree of internal controls. Common types of internal & external assets misappropriation. (10 Hours)
Unit IV
Modelling for Fraud prediction, use of data science, artificial intelligence, machine learning Investigating massive amount of data for detecting fraudulent transaction, classification problems Spam Detectors, Loan Default prediction, bankruptcy prediction. Prediction of misuse of Credit card & Debit card. Use of random Forests Classifier to predict fraudulent transactions