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CERTIFIED ONLINE TRAINING

Analysing Financial Accounts

Understand more about financial accounts, and how to identify unusual activity that may indicate criminal conduct.

Course Overview

A programme that is designed to support risk and compliance professionals to scrutinise company accounts to identify unusual activity and financial crimes that include, fraud, tax evasion, disguised ownership, and front companies. The course has been designed specifically for non-accounting professionals.  

Course Structure

  • Summarise the roles and functions of directors, shareholders, and disclosure requirements.  
  • Analysis of the balance sheet and profit and loss statements to confirm usual activity. 
  • How to conduct a forensic investigation of financial reports to identify unusual activity. 
  • Review of common financial fraud typologies. 
  • Case study analysis – examples of crimes. 
  • Reporting the risks. 

Course Summary

Course Level
Advanced
Availability
From Q2, 2024
Online Presentation
Recorded Instructor-Led Training
Duration
5-7 Hours

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Who Is This For?

  • All regulated sector employees who contribute to the process of customer risk assessment  
  • CDD/KYC analysts 
  • SAR investigators 
  • Senior FC professionals including MLRO and DMLRO 
  • Internal Auditors 
  • Compliance Monitoring and Assurance 

Learning Outcomes

By the end of this programme, you will be able to: 

  • Define the filing and disclosure requirements for companies, trusts and similar corporate vehicles including LLPs. in the UK and USA. 

  • Describe the financial accounting reports for a legal entity, including the balance sheet and profit and loss account. 

  • Describe how criminals misuse legal entities, trusts, and LLPs to support their illicit activity. 

  • Financial Analysis: Conduct a forensic examination of company accounts to validate information and data and identify unusual and higher risk activity. 

  • Identify and report criminal conduct according to the requirements of the Proceeds of Crime Act 2002 and Terrorism Act 2000. 

Topics Covered

  1. Proceeds of Crime Act 2002
  2. FATF 40 Recommendations
  3. Six Pillars of Good Governance 
  4. SARS 
  5. Record keeping 
  6. CDD 

        What will I learn?

        • Incorporation and disclosure responsibilities of a legal entity, Directors, and Shareholders (Persons with Significant Control) 
        • Companies Act 2006 
        • UK Companies House 
        • Review and assessment of company accounts and other filings – profit and loss and balance sheet analysis. 
        • Corporate crime – tax evasion, money laundering, pension funds and fraud 
        • Analysing company accounts 
        • Stock manipulation. 
        • Property valuation. 
        • Sales and expense misrepresentation. 
        • Asset, debtor, and stock manipulation. 
        • Ratio comparison. 
        • Asset and Invoice Financing Fraud (Areana TV) 
        • Misuse of ‘exceptional items” (Thomas Cook) 
        • Subsidiaries used for fraud/TF/Bribery (Lafarge and GSK) 
        • SPVs and other instruments (Enron) 
        • Identifying the risks and ‘red flags’ 
        • Reporting under the POCA and TA. 

        Delivery Formats

        • Record ILT/ILT classes can be scheduled