Using Excel to Detect Fraud


Instructor: Joe Weil
Product ID: 705022

  • Duration: 100 Min
This webinar training pays for itself in terms of your firm's potential savings and detection of fraud. The training is designed to both prevent and detect fraud. We first teach you how to establish an administrative environment where fraud is less likely to occur. We’ll then examine Excel tools that are used by CPAs and Internal Auditors to detect fraud.
Last Recorded Date: Jan-2017


1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
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Downloadable file is for usage in one location only. info Downloadable link along with the materials will be emailed within 2 business days
(For multiple locations contact Customer Care)



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Fax: +1-650-362-2367

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Why Should You Attend:

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

Excel 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: (1) Fraud Auditing and (2) Excel Tools for Data Mining, Statistics, Analytics, and many more useful Excel tools.

Learning Objectives:

Overview of fraud

  • Scope and size of fraud annually
  • Internal control and segregated functions
  • Understanding and using the fraud triangle

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

Areas Covered in the Webinar:

  • Establish a system of internal control that makes fraud difficult
  • Use automated analytics to spot potential fraud
  • Learn the high risk areas for fraud - spot fraud red flags
  • Master several Excel functions and analysis tools used to detect fraud
  • Understand Benford’s law and apply it to Excel
  • Recover misused assets and add value to your organization

Who Will Benefit:

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

Joe Weil

Joe has a Master of Accounting Degree from Florida State University and is an actively licensed Florida CPA. Joe’s work experience includes staff accountant with large CPA firm, corporate controller, state agency director of auditing and former municipal CFO. Joe also started and sold his own CPA firm. Joe is the owner and CEO of the National Center for Continuing Education, a nation-wide financial and technology training firm. Joe has led over 500 seminars and over 100 webinars.

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

Our refund policy is governed by individual products and services refund policy mentioned against each of offerings. However in absence of specific refund policy of an offering below refund policy will be effective.
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. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar 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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