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Course level: Graduate
In this course, students are introduced to the conduct of fraud examinations, including a discussion of specific procedures used in forensic accounting examinations and the reasoning behind these procedures. Topics include an overview of fraud and abuse, forensic evidence, substantive procedures for cash outflow irregularities, substantive procedures for asset irregularities, financial statement fraud, and examination reporting.
ACC/290 or ACC/290T - Principles of Accounting I or equivalent
This graduate level course requires proof of completion of a Bachelor's degree. Be prepared to provide documentation during the checkout process.
What you'll learn
Course skills and outcomes
Introduction to Fraud and Forensics
- Define fraud, forensics, the Fraud Triangle (Motivation or Pressure, Opportunity or Perceived Opportunity, and Rationalization) and the civil and criminal legal systems.
- Distinguish between the three general types of fraud (fraudulent financial statements, asset misappropriation and corruption) and various forms of the general types of fraud (e.g. overstating assets and revenue, embezzlement and bribery, etc.)
- Synthesize how ethics and fraud are related.
Financial Statement Manipulation
- Explain various ways financial statement fraud is committed.
- Devise methods for detecting and investigating financial statement fraud.
- Assess the impact of financial statement fraud on the organization.
- Explain various ways conversion is committed.
- Devise methods for detecting and investigating conversion.
- Assess the impact of conversion on the organization.
- Explain various ways corruption is committed.
- Devise methods for detecting and investigating corruption.
- Assess the impact of corruption on the organization.
Advanced Topics in Fraud Investigation
- Design strategies to analyze data used in assessing fraud.
- Apply interviewing techniques when investigating fraud.
- Compare and contrast the impacts of fraudulent financial statements and corruption on the organization.
Controlling Fraud and the Global Impact of Fraud
- Survey methods organizations can utilize to reduce the risk of fraud.
- Describe ways of reporting fraud.
- Assess opportunities for a career in fraud investigation.
- Explain the impact of fraud on the U.S. and global economy.