Forensic Accounting and Fraud Detection | FAFD | Lecture 1 - Case Scenario using CAAT/Excel

Join CA Rajat Agrawal as he introduces the FAFD (Forensic Accounting and Fraud Detection) certification course and demonstrates practical fraud detection techniques using tools like IDEA and Excel. Learn how to become a Forensic Auditor, the key skills required, and the growing demand for forensic accounting professionals in combating fraud and cybercrimes. Video Timestamps 00:00:00 - Introduction Overview of the FAFD certification and its significance. 00:00:20 - FAFD Course Overview Structure: 5 modules covering fraud types and audit techniques. Practical tools and techniques for forensic auditors. 00:00:51 - Module 1: Data Analysis for Auditors Focus on analyzing datasets for identifying fraudulent transactions. Introduction to the case scenario for the demonstration. 00:03:32 - Tools for Forensic Auditing Introduction to IDEA software and CAD tools. Importing and analyzing data for audit evidence. 00:07:18 - Detecting Fraud Patterns Linking employee and supplier data to find suspicious overlaps. Generating reports for suspected entries. 00:10:05 - Fraud Analysis Using Excel Step-by-step guide to using Excel formulas like VLOOKUP for data matching. Practical demonstration of fraud detection techniques. 00:13:00 - Summary and Upcoming Lessons Recap of fraud detection methods and tools. Introduction to upcoming modules and advanced techniques. Course Resources and Links Mock Test Papers: https://www.prokhata.com/product/fafd... Full Course (Coming Soon): https://www.prokhata.com/product/fafd/ FAFD Exam Date: To be announced soon. Join FAFD Groups: WhatsApp: https://chat.whatsapp.com/LMhec8l9czY... Telegram: https://t.me/fafdcourse About Forensic Accounting Forensic accounting combines accounting, auditing, and investigative skills to detect fraud and errors. The discipline is highly sought after in government bodies, public sector units (PSUs), insurance, banks, and investigative agencies. Forensic auditors play a crucial role in identifying cybercrimes and fraudulent activities, making this specialization increasingly vital. FAFD Course Details Duration: 7 days with 17 hours and 30 minutes of E-Learning. Tests and Assessments: 2 module tests (20 marks each). Submission of one research paper and two forensic audit reports (60 marks). Final assessment test (100 marks). Passing Criteria: Total of 100 marks required to qualify for the final assessment. Minimum 90% attendance. Certification Exam Schedule: Held quarterly (March, June, September, December).