ACCT 424 - Forensic Accounting and Fraud Examination

Units: 3
Examines fraud schemes and related financial transactions along with approaches to detect and deter fraud and studies the legal and investigative aspects of fraud examination. This course will assist students in the preparation for certification for Fraud Examiner.

Prerequisites: ACCT 312 with grade C or better.
Equivalent Quarter Course: ACCT 4254.
Possible Instructional Methods: Entirely On-ground, or Entirely Online.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

Define fraud including the fraud triangle and understand the different types and symptoms of fraud;
Explain why people commit fraud and know the types of people who commit fraud;
Explain the importance of fraud prevention, including how to assess and mitigate the risk of fraud as well as how to eliminate or decrease opportunities for fraud;
Identify and understand the symptoms of fraud, including analytical and behavioral symptoms and how to perform basic data analysis procedures for fraud detection;
Describe internal controls that help deter and detect fraud;
Describe the various ways frauds are investigated and when to use each investigation method;
Describe the types of evidence, the different methods of obtaining documentary evidence and understand the value of this evidence in fraud investigation;
Plan and conduct an interview and prepare a fraud report;
Identify and detect various types of fraud schemes including financial statement fraud, revenue related and inventory related fraud, asset misappropriation and corruption, investment and consumer fraud, inadequate disclosure fraud and e-commerce fraud;
Describe different options for legal action that can be taken once fraud has occurred;
Identify important aspects of the court system and understand the civil and criminal litigation processes;
Describe the nature of an expert witness.