ACC 240 - Fraud Examination (3 CR.)

Covers the principles and methodology of fraud detection and deterrence. Provides an introduction to the various ways fraud and occupational abuses occur, methods to identify the risk of exposure to loss from fraud, and appropriate prevention, detection, and investigation approaches. Lecture 3 hours per week.

General Course Purpose
Fraud Examination provides an introduction to the various ways fraud and occupational abuses occur, methods to identify exposures to loss, and appropriate prevention, detection, and investigation approaches. These topics are relevant in all occupational environments: private sector, public sector and non-profit. Fraud examination will cover the principles and methodology of fraud detection and deterrence. It provides an analysis of the three main categories of occupational fraud and abuse: asset misappropriation, corruption, and fraudulent financial reporting. The course also presents statistical data with respect to the occurrence and cost of fraud in the workplace. Specific topics such as skimming, cash larceny, check tampering, corruption, fraudulent financial statements, etc. will be covered by the course.

Prerequisite(s): An understanding of basic accounting and forensic activities is desirable

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

Recognize the scope and cost of occupational fraud for all types of organizations
Explain why occupational fraud is committed
Recognize how occupational fraud is committed
Be able to identify methods that can be implemented to deter occupational fraud
Understand how allegations of fraud should be investigated and how they can be resolved
Recognize the “red flags” of occupational fraud and abuse

Major Topics to be Included

Overview and introduction to fraud examination
Skimming
Cash larceny
Billing schemes
Check tampering
Payroll schemes
Expense reimbursement schemes
Register disbursement schemes
Noncash assets
Corruption
Accounting principles and fraud
Fraudulent financial statement schemes
Interviewing witnesses
Conducting investigations and writing reports
Occupational fraud and abuse: the big picture

Revised 8/2011