FAFD – Topic Wise

Our topic-wise quizzes cover all the important topics of forensic accounting, fraud, digital forensics, and cybercrime, which are most frequently asked in exams.

📚 Core Forensic Accounting Concepts

• 🔍 Fundamentals: This section introduces the core principles of forensic accounting, including the primacy of truth, due professional care, objectivity, and continuous improvement.
• 🧾 Forensic Accounting, Audit and Auditor: This section defines forensic accounting, forensic audit and the role of a forensic auditor.

🚨 Fraud Related Concepts

• ⚠️ Fraud Triangle: Understanding the elements of the fraud triangle: pressure, opportunity, and rationalisation, and how they contribute to fraudulent activities.
• ❗ General Fraud: Defining fraud as an intentional act to deceive for personal gain.
• 📉 Financial Statements Frauds: This module will cover how financial statements can be manipulated for fraudulent purposes and how to detect this.
• 🔍 Specific Frauds: This section will cover various specific types of fraud including:
  • 📝 Cheque Fraud: Methods of manipulating or forging cheques.
  • 🔀 Lapping: Understanding the lapping scheme where money is stolen and then credited to another account to conceal the theft.
  • 🎭 Social Engineering: Psychological manipulation techniques used to gain unauthorized access to systems or information.
  • 👥 Perpetrator: Understanding the typical profiles and motivations of fraud perpetrators.
  • 👨‍💼 Employee: How employees can be involved in fraudulent activities.
  • 🚩 Red Flags: Identifying warning signs of potential fraud.
  • ✅ Green Flags: Understanding how seemingly positive indicators might conceal fraud.

🔍 Fraud Investigation Techniques

• 🕵️‍♂️ Investigation: Core investigation techniques and processes.
• 📜 Chain of Custody: Maintaining the integrity of evidence through proper documentation of seizure, custody, control, transfer, analysis, and disposition.
• 👮 Criminal: Types of criminal activities and the tools used by computer criminals.
• 🗣️ Interview: Conducting effective interviews using different types of questions and strategies.
• 📊 Data: Understanding how data is collected and used during an investigation.
• 📊 Excel: Using Excel for data analysis and manipulation in fraud investigations.
• 📊 Benford: Applying Benford’s Law for fraud detection and data analysis.

💻 Digital Forensics

• 💾 Digital Forensics: Core principles and processes for handling electronic data as evidence.
• 🖥️ Computer Forensics: The application of computer investigation and analysis techniques to determine potential legal evidence.
• 👾 Cyber Attack: Types of cyber attacks, including DoS and DDoS, phishing, SQL injection, and password attacks.
• 🌐 Cyber: General concepts of cybercrime, cyber law, and specific cyber offenses.
• 🌐 Network: Understanding network protocols, devices, and services.
• 🔐 Cryptography: The science of securing communications through encryption techniques.
• 🖼️ Steganography: The practice of concealing information within other digital media.
• 🛠️ EnCase: Using Encase software for digital investigations.
• 🔐 Encryption: The process of converting information into a coded format.
• 📜 Information Technology Act: Understanding the legal framework related to cyber offenses and electronic evidence in India.

📄 Financial Information & Documents

• 🖥️ CAAT: Using Computer-Assisted Audit Techniques for data analysis and audit procedures.
• 📊 CAAT Sampling: Applying statistical sampling techniques in auditing with CAATs.
• 📜 Act: Understanding relevant legal and regulatory requirements.
• 🔍 Analysis: Core data analysis concepts.
• 📋 Audit: Fundamental audit concepts and procedures.
• 📊 Balance Sheet: Understanding the structure and purpose of a balance sheet.
• 💸 Costs: Understanding the different types of costs relevant to financial investigations.
• 💡 Idea: Use of IDEA data analysis software in forensic accounting and auditing.
• 📜 FAIS Standards: The course will cover all of the FAIS standards.
  • 📜 FAIS 000: Core principles of forensic accounting.
  • 📜 FAIS 110: Determining the nature of an engagement.
  • 📜 FAIS 120: Fraud Risk Assessment.
  • 📜 FAIS 130: Legal frameworks in FAI engagements.
  • 📜 FAIS 140: Hypothesis formation and iteration.
  • 📜 FAIS 210: Objectives in forensic accounting engagements.
  • 📜 FAIS 220: Independence and objectivity.
  • 📜 FAIS 230: Engagement of an expert.
  • 📜 FAIS 240: Legal and regulatory compliance.
  • 📜 FAIS 250: Communication expectations and principles.
  • 📜 FAIS 310: Stakeholder engagement.
  • 📜 FAIS 320: Evidence in forensic accounting.
  • 📜 FAIS 330: Forensic accounting and investigation process.
  • 📜 FAIS 340: Interview conduct and environment.
  • 📜 FAIS 350: Supervision in engagements.
  • 📜 FAIS 360: Testimony and witness role.
  • 📜 FAIS 410: Data analysis planning and execution.
  • 📜 FAIS 420: E-discovery process.
  • 📜 FAIS 430: Financial irregularities and misconduct.
  • 📜 FAIS 510: Report components.
  • 📜 FAIS 610: Professional responsibilities and reporting.

This structure allows for a logical progression from foundational concepts to more specialised topics.