Accounting Fraud Examination

Aims

The aim of this course is to provide a sound understanding of the forensic accountant’s role in present economy. It covers a range of topics like fraud detection and investigation methods, valuation of closely controlled companies and a plethora of different forms of litigation backing services. Significant legal approaches related to expert testimonies will be discussed and students will also have to evaluate the level of economic losses in certain examples.

Learning Outcomes

Students will be able to:

• Understand the main reasons behind accounting fraud
• Examine and critically evaluate the different categories of fraud that have an impact on businesses
• Analyse different approaches to detect and prevent frauds
• Develop effective ways to detect potential fraudulent situations

Content

• Introduction to forensic accounting and fraud examination
• The forensic accounting legal environment
• The fraud investigation and engagement processes
• The evidence collection process
• Fraud examination evidence I: Physical, documentary and observational evidence
• Fraud examination evidence II: Interview and interrogation methods
• The fraud report, litigation and the recovery process
• Financial statement fraud
• Business valuation