The Business of Forensic Accounting: Expanding Your Existing Practice

Overview

Everyone agrees we need to administer useful employee evaluations. However, few managers take the necessary time to effectively plan for upcoming reviews or think about how to correctly administer each one. As a result, an employee review can be an unhelpful and negative event’or could be a great catalyst for future high performance. Gain insight to the performance cycle; learn the importance of continuous improvement through coaching; and identify 360s and other forms of data, among other topics. The webcast was originally broadcast on July 18, 2016. Note: There is a minimum passing rate of 70% for this course.

Highlights

• Overview of forensic accounting
• Differences between investigative and litigation-focused forensic engagements
• Application of AICPA professional standards in forensic work
• Ethical and professional boundaries in litigation support
• Marketing strategies for building a forensic accounting practice
• Managing conflicts of interest and maintaining objectivity
• Documentation standards and defensibility in expert witness roles
• Strategies for entering and growing in the litigation support market

Prerequisites

Familiarity with financial reporting and auditing concepts; Basic understanding of professional ethics in accounting.

Objectives

• Understand the distinction between investigative and litigation-based forensic accounting practices to determine which aligns best with your expertise and interests.
• Apply AICPA professional standards to forensic engagements, focusing on competence, client communication, and proper file documentation in litigation settings.
• Develop and manage a forensic practice by employing ethical marketing strategies for attorneys, maintaining defensible documentation, and avoiding conflicts of interest in expert witness roles.

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.