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)

2. Explain who is involved in preventing, detecting, investigating and resolving fraud. (1, lecture)

3. Recognize the central role of management in preventing and detecting fraud, and typical reactions of management when confronted with fraud. (lecture)

4. Differentiate between criminal and civil fraud and explain how these differences impact fraud investigation and resolution. (1, 16)

5. Discuss both the civil and criminal litigation processes. (16)

6. Identify who commits fraud and why. (2)

7. Fully explain the fraud triangle, including examples of each of the three factors. (2)

8. Understand the importance of emphasizing fraud prevention and early detection. (3)

9. Explain the various approaches to fraud investigation. (3)

10. Discuss the various options management can use to resolve a case of fraud. (3, lecture)

11. Explain fully, differentiate between, and appropriately apply the nine major methods of fraud prevention. (4)

12. Recognize, compare, and determine appropriate applications for each of the types of symptoms of fraud. (5)

Specific Types of Fraud

13. Understand the importance of financial statement fraud and how it can be detected. (10, lecture)

14. 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)

15. Describe the bankruptcy process, why fraud often occurs, and ways to detect such frauds. (14, lecture).

16. Describe the divorce process, opportunities and motivations for fraud, and ways to prevent it. (15, lecture).

17. Discuss how e-commerce differs from traditional commerce, how this introduces new opportunities for fraud, and how organizations can protect themselves. (15, lecture)

18. 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)

Application

19. Diagnose fraud in case situations, determine investigative approaches, and appropriately recommend preventive measures.

20. Research and study a specific type of fraud of concern to organization management and develop appropriate integrated preventive and detective controls.