In today’s heightened times of public scrutiny and calls for ethical leaders, it’s not surprising that many concerned citizens have become far more demanding for good governance and transparency. Lifestyle audits within both the public and private sectors are becoming standard practice in an attempt to strengthen oversight of ethics, integrity and discipline. The audits test whether the lifestyle of an employee is in line with that person’s known income stream. The audits are used to hold accountable those who unduly benefit from the employer’s resources and procurement opportunities.

Whilst a lifestyle audit is typically initiated by an official from the government’s revenue or tax departments, there are also legitimate reasons for an organisation to question their employee regarding a mismatch of their earnings as compared to the employee’s lifestyle. Lifestyle audits are an excellent barometer of the extent of the fraud risk within an organisation, and that companies should make use of this proactive anti-fraud mechanism to protect themselves before they fall victim to fraud and, in some instances, to identify fraud which is happening right under their nose.

This 3-day workshop gives an overview of the possible fraudulent schemes committed by employees and equips auditors, line managers and forensic accountants with the knowledge and skills required to conduct a lifestyle audit.Delegates will be taken through scenarios and practical exercises to develop their skills in identifying fraud. Delegates will also learn how to detect weaknesses and take the necessary action to improve prevention through new forms of forensic auditing used to support and verify existing systems.

Delegates will have to chance to perform a lifestyle audit as part of a case study during the workshop.

Attendees of this workshop will be able to:

• • Explain the auditing standards, guiding laws and control techniques that are relevant to a Lifestyle audit and decide upon appropriate measures to counter fraud occurrences
  • Prepare a business case for fraud audit to senior management
  • Reduce the risk of unethical practices and conducts in their organisations
  • Gain the expertise to conduct Lifestyle audits and ensure recovery
  • Apply accounting skills to track and collect forensic evidence for investigation and the prosecution of criminal acts by employees
  • Find the elusive misconduct that others miss

This masterclass runs for 3 days

Modules and Case studies

• Module 1: Introduction to Forensic Auditing, Forensic Accounting and Digital Forensic Investigation
  Case Study – Procurement Fraud
  
• Module 2: Legislative Framework & Standards for Lifestyle audits
  Case Study – Lifestyle audits in various countries
  
  
• Module 3: Money Laundering Scheme
  Case Study – Money Laundering Scheme by an employee
  
  
• Module 4: Digital Forensic Auditing and Investigation
  Case Study – Digital forensic analysis
  
  
• Module 5: Money Laundering Scheme
  Case Study – Money Laundering Scheme by an employee
  
  
• Module 6: Lifestyle audits for Tax Evasion purposes
  Case Study – Conducting a Lifestyle audit for tax purposes

• Module 7: Lifestyle audits for Other purposes
  Case Study – Conducting a Lifestyle audit for other purposes
  
  
•  Module 8: Lifestyle audits for Other purposes
  Case Study – Conducting a Lifestyle audit for other purposes
  
  
• Module 9: Reporting and Presenting Forensic Audit Findings to the Board, Law Enforcement and the Court – Auditor as Expert Witness
  Case Study – Drafting a Lifestyle Audit Report

Our Conducting Effective Lifestyle Audits Course  is available in a variety of formats to best match your needs

In-House training: We bring the training to your location. Available with customized features created to meet your requirements.

Virtual Training: Delivered totally online, our virtual sessions are designed to keep participants engaged through relevant training, activities for practice, and ongoing reinforcement.

Available on request.

• Internal Auditors
• Risk Managers
• Forensic Accountants
• External Auditors
• Accountants
• Financial Officers
• Commercial Crimes Investigators
• Compliance Officers
• Legal Advisors & Attorneys