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 -

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Copyright © 2002-2004 Raymond S. Kulzick - Last modified: September 13, 2008