Course

Course Summary
Credit Type:
Course
ACE ID:
COPE-0015
Organization's ID:
AUD 211
Organization:
Cope Institute
Location:
Classroom-based
Length:
45 hours (15 sessions)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Fraud Examination or Fraud and Forensic Accounting
Description

Objective:

The course objective is to identify who commits fraud, how they do it, and who is the victim as well as to explain fraud detection and prevention through the consideration of appropriate internal controls, elimination of fraud opportunities, creating a culture based on tone at the top with a positive work environment, expectation of punishment, and proactive fraud auditing.

Learning Outcomes:

  • Define the nature of financial statement fraud and outline the framework for detecting financial statement fraud
  • Describe the fraud triangle and explain why people and organizations commit fraud
  • Classify the different ways that organizations fight fraud
  • Apply financial statement analysis techniques to demonstrate the existence of fraud and identify potential fraudsters
  • Perform discovery sampling to obtain documentary evidence
  • Discuss the fraud schemes relating to asset misappropriation
  • Develop a framework to resist ethical pressure to commit fraud by considering common ethical dilemmas encountered in the business world
  • Explain the seriousness of the fraud problem and how it affects individuals, consumers, and organizations
  • Identify the legal elements of fraud, describe white collar crime, and discuss the widespread nature of fraud and its economic impact
  • Illustrate how to create a culture of honesty and how to eliminate opportunities for fraud
  • Evaluate the accounting symptoms of fraud and describe internal controls that help detect fraud
  • Conduct proactive fraud investigations and auditing
  • Demonstrate the capability to critically and reflectively engage ethical issues in accounting and criminal justice, particularly questions of social responsibility and professional practice
  • Explain the importance of ethical principles, codes of conduct, and social responsibility in corporate governance
  • Analyze current fraud cases and provide a synopsis of the root cause and red flags along with the details of the case and approaches to completing a fraud examination as well as how to detect and deter such fraud in the future.

General Topics:

  • The fundamentals of fraud examination, including nature and types of fraud
  • Prevention of fraud
  • Techniques to detect fraud in organizations
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Classroom Exercise
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Case Studies
  • Examinations
  • Performance Rubrics (Checklists)

Minimum Passing Score:

70%
Supplemental Materials