Fraud Examination – ACCT 654

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/27/2021

Course Description

This course provides an overview of the field of fraud examination, and discusses potential techniques to prevent fraud.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.

Rationale

Accountants who practice in both public and private sectors have a fiduciary responsibility to ensure the accuracy of organizations’ financial statements. One of the most important goals of an accountant is maintaining the public’s trust in the accuracy of those financial statements. Recognizing the “red flags” of fraudulent activities and implementing fraud prevention and detection measures are crucial to the accomplishment of this goal.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Describe the difference between forensic accounting, fraud examination, and auditing and identify the skills expected for each.
  2. Explain the sources of U.S. law and how they relate to investigations.
  3. Describe how to evaluate and obtain assurance for information security/internal controls.
  4. Indicate the different ways in which occupational fraud is detected and how detection relates to enterprise risk management.
  5. Outline the fraud investigation process using the fraud theory approach.
  6. Define the four types of evidence related to an investigation.
  7. Describe the verbal and nonverbal cues of interviewed subjects and the hidden meanings they can convey.
  8. Describe the various structures of interview questions and the reasons these structures are used or avoided.
  9. Explain the legal standards for expert testimony to be admitted into court.

Course Assignment

Textbook readings and lecture presentations

 

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions (4)

Discussions are collaborative learning experiences. Therefore, the student will participate in 4 Discussions. In each discussion, the student will submit a thread directly addressing the prompt in 500–800 words. The thread must include at least 3 peer-reviewed sources and integrate at least 1 biblical principle. In addition, the student will submit a meaningful reply to the thread of at least 1 classmate. The reply must be 275–400 words and include at least 1 peer-reviewed source. All Discussion posts must adhere to current APA format.

Individual Learning Project (2)

The student will submit two (2) individual learning projects. Each individual learning project consists three (3) real world or hypothetical cases. Data or financial statements will be provided for each case. The student must analyze the data using the fraud detection methods learned in this course, and identify if a fraud has occurred. Each Individual Learning Project must be 3-4 pages for each case, total 10-12 pages in addition to the title page, references, and exhibits and must include at least 3 peer reviewed sources in addition to the course textbook and the Bible. A biblical application must be included. The assignment must be in current APA format.

Quizzes (2)

The student will complete 2 quizzes based on the textbook and other materials required in this course. Each quiz is open-book/open-notes and contains 25 multiple-choice questions (MCQ). The student will have a time limit of 1 hour and 30 minutes to complete each quiz. Each MCQ is worth 4 points, total 100 points.