ACCOUNTING FRAUD EXAMINATION

About this Course

This course is designed to provide an understanding of accounting frauds. It delves with various means and methods adopted in committing accounting frauds as well the reasons and consequences of such frauds. The paper sharpens the ability of the students in recognizing the red flags of such frauds and equips them with the techniques in the detection and investigation of them. It also examines some more complex frauds.

Course Learning Outcomes

There is no course learning outcomes (CLO) yet available in this course.

Course Syllabus

+ Course Syllabus

1) The Nature of Fraud
• Seriousness of the Fraud Problem
• Meaning of Fraud
• Types of Fraud

2) Who Commits Fraud and Why?
• Profiling the Fraudsters
• Elements of Fraud – Pressure, Opportunity and Rationalization
• Theory of Fraud
• Recognising the Symptoms of Fraud


3) Financial Statement Fraud
• The Problem of Financial Statement Fraud
• Why These Problems Occurred
• Nature of Financial Statement Fraud
• A Framework for Detecting Financial Statement Fraud


4) Revenue and Inventory-Related Financial Statement Frauds
• Revenue-Related Fraud
• Inventory and Cost of Goods Sold Frauds


5) Liability Fraud
• Ways to Manipulate Liabilities
• Identifying Understatement of Liability Fraud Exposures
• Detecting Understatement of Liability Fraud Symptoms
• Proactively Searching for Symptoms Related to the Underreporting of Liabilities



6) Asset Fraud
• Identifying Asset Overstatement Fraud
• The Slippery Slope of Earnings Management
• Identifying and Actively Searching for Asset Overstatement Fraud Symptoms



7) Inadequate Disclosure Fraud
• Kinds of Disclosure Fraud
• Detecting Inadequate Disclosure Fraud
• Symptoms Related to Overall Misrepresentation about the Company or Its Assets
• Disclosure Fraud Related to Financial Reports and Financial Statement Footnotes



8) Asset Misappropriations
• Theft of Cash through Larceny
• Theft of Cash through Skimming
• Cash Theft through Fraudulent Disbursements
• Theft of Inventory and Other Assets




9) Fighting Fraud
• Fraud Prevention
• Fraud Detection
• Fraud Investigation
• Follow-Up Legal Action

Frequently Asked Questions

Q1 : Can I get the certificate upon completion of the course?
A1 : Yes, of course, you will be rewarded with a certificate of completion.

Q2 : How to complete the course?
A2 : You have to fulfill all continuous assessments and final examinations.

Q3 : Is the course requires knowledge of other disciplines?
A3 : It is value-added if you can integrate knowledge from various disciplines.

Q4 : Who should enroll the course?
A4 : Any persons who love to learn about fraud examination and accounting.

Q5 : What are the most difficult topics in the course?
A5 : Depends on the student because different students have different abilities.

Q6 : What is the nature of fraud?
A6 : In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim.