ΠΕΡΙΓΡΑΦΗ

As Al Pacino said in the movie The Recruit, “Things are not what you think they are.” Undeniably, nowadays organizations face increased financial challenges due to the negative consequences of the Covid-19 pandemic. Fraud cases are rapidly increasing, and corporate accounting scandals become public everyday like Toshiba, Tesco, Luckin Coffee.

Consequently, distrust has recently become a major issue in the accounting profession especially with the public backlash of the collapse of Enron, one of the world’s leading energy, natural gas, communication giants with a claimed revenue of nearly US$ 101bln in the year 2000, but suddenly collapsed in 2001 which brought distrust, uncertainty to the business world and lack of confidence in the financial reports of companies.

As external auditors, it is important to build a good reputation but sustaining it is of greater value; this is specifically true of the accountancy and audit profession, which lives off its credibility. The main purpose of the seminar is to help external auditors obtain a fundamental understanding of Financial Statement fraud, through discussion and practical examples, relevant to their work.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is primarily addressed to external auditors, who are responsible for the statutory audit of financial reports. Professionals from other disciplines can also participate in the seminar i.e. accountants.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Topics To Be Covered

Introduction to Fraud

• The Triad of Fraud
• Profiling of Fraudsters
• The Cost of Fraud
• Audit program: Factors to consider

Financial Statement Fraud

• Overstatement
• Understatement
• Analysis of Financial Statement

Fraud schemes

• Ratio Analysis and important areas
• Case study (Detection of Financial Statement Fraud)
• Financial Statement Analysis
• Data Analytics and how to use them effectively
• Case study
• Textual Analytics
• Analysis of Sentiments
• Case study

Prevention of Financial Statement Fraud

• Senior Management
• Board of Directors
• Internal Auditors and their responsibility against fraud
• External Auditors-elements to include in the audit program
• Key elements of an effective Internal Control System
• Real life examples

Trainer:Chrystalla Kazara (BBA, ABA, ACCA, CFE) Internal Auditor | Fraud Lecturer | Anti-Fraud Strategist

Chrystalla is a holder of a Bachelor Degree in Business Administration and a Banking Certificate from the American Bankers Association. She is a Chartered Certified Accountant (ACCA) and a Certified Fraud Examiner (CFE), member of the Board of Directors of ACFE Cyprus and of the ACFE Global. She is also a member of the Cyprus Institute of Internal Auditors and of ISACA Cyprus Chapter.

She has 20 years’ experience in the Banking sector, in two of the largest financial institutions in Cyprus. She was part of the Group Internal Audit team in Bank of Cyprus and served as a member of the Audit Committee of the Board of Directors. Her expertise mainly focuses in Project Management, Risk Management, Internal Audit and Fraud Investigations. Currently, she is a Lecturer of professional courses and a corporate trainer of professional development courses.