Course Competencies
ACC/MAN 540 - 04/A7
Upon completion of the course, the student will be able to:
Fraud in General
1. Understand the fraud problem and be able to discuss various types of frauds. (1)
Fraud Definitions
Introduction to Fraud - PowerPoint
2. Explain who is involved in preventing, detecting, investigating and resolving fraud.
(1, lecture)
Who Investigates and
Prosecutes Fraud?
3. Recognize the central role of management in preventing and detecting fraud, and
typical reactions of management when confronted with fraud. (lecture)
Management's Responsibilities
Regarding Fraud
Options in a Fraud
Situation
4. Differentiate between criminal and civil fraud and explain how these differences
impact fraud investigation and resolution. (1, 16)
Civil
versus Criminal Fraud
Constitutional
Amendments Relative to Fraud Investigations
Employees' Rights During
Civil Fraud Examinations
Legal
Elements of Typical Criminal Frauds
Mail Fraud
5. Discuss both the civil and criminal litigation processes. (16)
Overview of a Typical Lawsuit
Florida Court
System
U.S. Court System
6. Identify who commits fraud and why. (2)
Fraud Theories - PowerPoint
7. Fully explain the fraud triangle, including examples of each of the three factors.
(2)
Fraud Theories - PowerPoint
8. Understand the importance of emphasizing fraud prevention and early detection. (3)
Preventing Occupational
Fraud
9. Explain the various approaches to fraud investigation. (3)
Elements of Fraud
10. Discuss the various options management can use to resolve a case of fraud. (3,
lecture)
Options in a Fraud
Situation
11. Explain fully, differentiate between, and appropriately apply the nine major
methods of fraud prevention. (4)
Creating a Culture of Honesty
Eliminate Fraud Opportunities
General
Controls in IS
Internal Control Process
Preventing Occupational
Fraud
Reducing Fraud With Improved
Internal Controls - PowerPoint
Segregation of Duties
12. Recognize, compare, and determine appropriate applications for each of the types of
symptoms of fraud. (5)
Symptoms of Fraud
13. Understand the importance of proactive approaches to fraud detection. (6)
14. Explain fully the various methods of fraud detection, as well as appropriate uses of each. (6)
15. Explain the various methods of investigating theft and concealment. (7)
Company Employee Policies
and Fraud Investigation
Fraud Investigation Methods
Fraud Theory Approach
16.Discuss the various methods and approaches to conversion investigation.
(8)
Conversion Investigation Methods
17. Understand the basics of interviewing in fraud investigations. (9)
Types of Interview Questions
Specific Types of Fraud
18. Understand the importance of financial statement fraud and how it can be detected.
(10, lecture)
Financial Statement Fraud -
Exposure Rectangle
Major Types of Financial
Statement Fraud
Motivations for Financial Statement
Fraud
19. Describe various types of revenue frauds and appropriate approaches to detect. (11)
20. Describe various types of inventory and cost of goods frauds and appropriate approaches to detect. (11)
21. Describe various types of asset and liability frauds and appropriate approaches to detect. (12)
22. Describe various types of disclosure frauds and appropriate approaches to detect. (12)
23. Discuss the various methods that employees, vendors and customers can use to commit
fraud against organizations and the methods used to prevent it. (13, lecture)
Corruption
24. Describe the bankruptcy process, why fraud often occurs, and ways to detect such
frauds. (14, lecture).
Participants in Bankruptcy Cases
25. Describe the divorce process, opportunities and motivations for fraud, and ways to
prevent it. (15, lecture).
Divorce Overview
Divorce -
Economic Issues
Divorce -
Other Issues
26. Discuss how e-commerce differs from traditional commerce, how this introduces new
opportunities for fraud, and how organizations can protect themselves. (15, lecture)
How Online Merchants Can
Prevent Credit Card Fraud
Internet E-Commerce -
Security Issues
Risk
Assessment in e-Commerce
27. Understand at least four additional major types of fraud against organizations, how
they occur, their symptoms, and how to prevent your organization from becoming a victim.
(lecture)
Preventing
Counterfeit Check Fraud
Application
28. Diagnose fraud in case situations, determine investigative approaches, and appropriately recommend preventive measures.
For those enrolled in ACC 540 only:
29. Discuss the requirements of SAS 99.
30. Discuss the requirements of Sarbanes-Oxley, the role of the PCAOB, and various implementing regulations, including Section 404 as they relate to fraud.
For those enrolled in MAN 540 only:
29. Explain the health care system, discuss a range of fraud issues in health care and appropriate preventive and detective measures.
30. Discuss how governmental agencies differ from private sector organizations, identifying types of fraud and preventive measures that are more pronounced in governmental settings.
- 10/18/2004 -