How To Detect Fraud Using Excel

Instructor: Joe Weil
Product ID: 705022
  • Duration: 100 Min
This Excel training program will illustrate how best to use Excel's special tools and functions to spot fraud red flags. It will also review SAS No. 56 Analytics and related dashboard KPIs and offer insight into Benford’s law and limitations. Attendees will learn how to set up a worksheet to help automate Benford’s law analysis.

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Jan-2017

Training CD / USB Drive

One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-362-2367

Email: [email protected]

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Why Should You Attend:

Properly informed, financial professionals can serve as fraud auditors and add huge value to their department. Using Excel's fraud related applications lets you data mine huge volumes of accounting transactions in an organized manner and recover substantial amounts of money for your firm.

Excel 2016 provides several easy-to-use tools that can greatly enhance and expedite the fraud audit process. This course will demonstrate how to use a variety of Excel tools along with step-by-step instructions that you can put to immediate use to help your firm spot fraud red flags.

This interesting, informative, practical, on-the-job training combines the best aspects of two different but related topics: Fraud Auditing and Excel Tools for Data Mining, Statistics, Analytics and more useful Excel tools.

Learning Objectives:

  • Understand the scope and size of fraud
  • Review proper internal control
  • Review SAS No. 56 Analytics and related dashboard KPIs
  • Understand Benford’s law and limitations
  • Set up a worksheet to help automate Benford’s law analysis
  • Using Excel's special tools and functions to spot fraud red flags

Areas Covered in the Webinar:

Overview of fraud

  • Scope and size of fraud annually
  • Internal control and segregated functions

Troubleshooting potential fraud red flags with Excel designed analytics

  • Horizontal and vertical analysis
  • Metrics: ratio analysis and disaggregated information
  • Trend analysis - charting linear regression analysis for speed
  • Sample dashboard analytics and fraud red flags

Understanding and using Benford's law with Excel to spot potential fraud

  • Establishing a template for expectations vs. actual results
  • First and second digit test and needed Excel functions
  • Limitations of Benford's law

Using gaps in numbers to spot fraud red flags with Excel

Using Excel's special tools and functions to spot fraud red flags

  • Excel tools for spotting duplicate payments: payroll, vendor invoices, and more
  • Stratifications, frequencies and maximum analysis
  • Receivables and inventory
  • Payables, payroll and disbursements
  • Finding fictitious vendors, payroll comparisons, duplicate payments, and more
  • Fictitious sales - bonuses to salesmen - using pivot tables to age receivables
  • Fraudulent travel and expense account items
  • Auto fleet: fraudulent gas purchases

Who Will Benefit:

  • CPAs
  • CFOs
  • Financial Controllers
  • Staff Accountants
  • Finance and Accounting Department Personnel
  • Independent Auditors
  • Internal Auditors
  • Financial Analysts
  • Budget Directors
  • Government and Private Industry Financial Professionals
Instructor Profile:
Joe Weil

Joe Weil

Joe Weil, CPA, M. Acc., is the president of the National Center for Continuing Education (NCCE), a Tallahassee based nationwide financial training firm. Mr. Weil has led over 400 seminars on Excel and financial topics and several highly acclaimed webinars on the same topics. He is a former corporate controller, former state agency director of auditing, and a former municipal CFO.

Mr. Weil earned his Master of Accounting Degree at Florida State University. His training clientele include Harley-Davidson, Hewlett-Packard, Oracle, Deloitte, Florida Power and Light, Motorola, National Institute of Science and Technology, and many others.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

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