FRD510. Principles of Fraud Examination - 20 hours. Objectives

Transcription

1 FRD510 Principles of Fraud Examination - 20 hours Objectives Call them the CSI experts of the financial world. Accountants play a central role in the detection and deterrence of fraud in all its notorious forms, and Joseph Wells Principles of Fraud Examination has become the go-to manual for students interested in the forensic side of accounting. Written by the founder and Chairman of the Association of Certified Fraud Examiners, Principles of Fraud Examination, Second Edition goes beyond the numbers to examine the complex human behaviors hard to identify and quantify factors, such as greed and deception that lead to fraud. A fascinating read, thanks to juicy real-life case studies and entertaining insights into the complex social factors behind fraudulent behavior, this book will give you a broad understanding of what fraud is, how it is committed, and how it can be prevented, detected, and resolved. You ll learn how to: Spot and stop skimming; billing and payroll schemes; check tampering; expense reimbursement and register disbursement schemes; corruption; and more Understand financial statements and identify fraud Plan an investigation, collect evidence, interview witnesses, organize and analyze documentary evidence, and write a report This new edition has been updated and expanded to reflect new and revised accounting standards and laws. It also features updated statistics from the 2006 Report to the Nation on Occupational Fraud and Abuse, reflecting the latest data on perpetrators, victims, costs, and methods of fraud schemes. Course Outline

2 Chapter 1 Introduction After completing Chapter 1, you should comprehend the following: 1. Fraud examination methodology 2. Defining occupational fraud and abuse 3. Research in occupational fraud and abuse 4. detecting and preventing occupational fraud Chapter 2 Skimming After completing Chapter 2, you should comprehend the following: 1. Skimming schemes 2. Proactive computer audit tests detecting skimming Chapter 3 Cash Larceny After completing Chapter 3, you should comprehend the following: 1. Cash larceny schemes 2. Proactive computer audit tests for detecting cash larceny Chapter 4 Billing Schemes After completing Chapter 4, you should comprehend the following: 1. Billing schemes 2. Billing schemes involving non-accomplice vendors 3. Personal purchases with company funds 4. Proactive computer audit tests for detecting billing schemes Chapter 5 Check Tampering After completing Chapter 5, you should comprehend the following: 1. Check tampering schemes 2. Concealing check tampering

3 3. Electronic payment tampering 4. Proactive computer audit tests for detecting check tampering schemes Chapter 6 Payroll Schemes After completing Chapter 6, you should comprehend the following: 1. Payroll schemes 2. Proactive computer audit tests for detecting payroll fraud Chapter 7 Expense Reimbursement Schemes After completing Chapter 7, you should comprehend the following: 1. Expense reimbursement schemes 2. Proactive computer audit tests for detecting expense reimbursement schemes Chapter 8 Register Disbursement Schemes After completing chapter 8, you should comprehend the following: 1. Register disbursement schemes 2. Concealing register disbursements 3. Preventing and detecting register disbursement schemes 4. Proactive computer audit tests for detecting register disbursement schemes Chapter 9 Noncash Assets After completing Chapter 9, you should comprehend the following: 1. Noncash misappropriation schemes 2. Concealing inventory shrinkage 3. Preventing and detecting thefts of noncash tangible assets that are concealed by fraudulent support 4. Misappropriation of intangible assets 5. Proactive computer audit tests for detecting noncash misappropriations Chapter 10 Corruption

4 After completing Chapter 10, you should comprehend the following: 1. Corruption schemes 2. Bribery 3. Illegal gratuities 4. economic extortion 5. Conflicts of interest 6. Proactive computer audit test for detecting corruption Chapter 11 Accounting Principles and Fraud After completing Chapter 11, you should comprehend the following: 1. Fraud in financial statements 2. Conceptual framework for financial reporting 3. Responsibility for financial statements 4. Users of financial statements 5. Types of financial statements 6. The Sarbanes Oxley Act of 2002 Chapter 12 Fraudulent Financial Statement Schemes After completing Chapter 12, you should comprehend the following: 1. Defining financial statement fraud 2. Costs of financial statement fraud 3. Fictitious revenues 4. Timing differences 5. Concealed liabilities and expenses 6. Improper disclosures 7. Improper asset valuation 8. Detection of fraudulent financial statement schemes 9. Deterrence of financial statement fraud Chapter 13 Fraud Risk Assessment After completing Chapter 13, you should comprehend the following: 1. What is a fraud risk assessment? 2. Why should organizations conduct fraud risk assessments?

5 3. What makes a good fraud risk assessment? 4. Considerations for developing an effective fraud risk assessment 5. Preparing the company for the fraud risk 6. Executing the fraud risk assessment 7. Addressing the identified fraud risks 8. Reporting the results of the fraud risk assessment 9. Making an impact with the fraud risk assessment 10. The fraud risk assessment and the audit process Chapter 14 Conducting Investigations and Writing reports After completing Chapter 14, you should comprehend the following: Learn how to prepare: 1. When is an investigation necessary? 2. Planning the investigation 3. Developing evidence 4. Preserving documentary evidence 5. Organizing documentary evidence 6. Source of information 7. Report writing Chapter 15 Interviewing Witnesses After completing Chapter 15, you should comprehend the following: 1. General rules for the introductory phase of the interview 2. Informational questions 3. Closing questions 4. Assessment questions 5. Verbal clues to deception 6. Nonverbal clues 7. Typical attitudes displayed by respondents 8. Admission-seeking questions 9. Steps in the admission-seeking interview Chapter 16 Occupational Fraud and Abuse: The Big Picture After completing Chapter 16, you should comprehend the following:

6 1. Defining abusive conduct 2. Measuring the level of occupational fraud and abuse 3. Understanding fraud deterrence 4. The corporate sentencing guidelines 5. The ethical connection 6. Concluding thoughts