FORENSIC ACCOUNTING AND INVESTIGATIVE AUDITING (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Analyse the fraudulent schemes commonly encountered by the fraud examiners; Apply various approaches and methods to prevent and detect fraud in an organisation; Plan a fraud investigation by gathering and documenting evidence and preparing fraud report; Apply recognized fraud and investigative accounting methodologies.

Topics:

1. Fraud Examination, Audit Investigation & Forensic Accounting: An Introduction;
2. Understanding Occupational Fraud (1): Financial Statements Fraud;
3. Understanding Occupational Fraud (2): Asset Misappropriation & Corruption;
4. Preventing Fraud: Eliminating Fraud Triangle;
5. Detecting Fraud: Recognizing Symptom, Fraud Risk Assessment & Risk Management;
6. Investigating Theft Acts;
7. Investigating concealment & conversion;
8. Inquiry method & fraud report;
9. Fraud Detection Model from Academics Perspective;
10. Data Driven Analysis to uncover fraud;
11. Benford’s law Application to detect fraud;
12. Text Analytics in Fraud and Risk Management;
13. Fraud in E-Commerce.