This course examines forensic accounting, financial forensics, and the prevention, deterrence, detection, investigation, and remediation of fraud and other financial crimes. Students will explore and discuss the professional standards for forensic accountants and legislation that affect the work of forensic examiners. They will study a variety of forensic accounting topics including:
- Psychology of fraud perpetrators
- Detection and investigation of fraud
- Complex financial crimes such as money laundering, schemes perpetrated by organized crime, and cybercrime
- Corruption and financial statement fraud
The course project is a Portfolio of Best Practices: Detecting and Preventing Crime with Forensic Accounting. Students will develop project components related to specific topics in each module and add them to their portfolio to serve as an ongoing resource to be updated and referenced throughout their forensic accounting careers.
Course Learning Objectives
- Identify fundamental forensic methodologies, differentiating among fraud, abuse, and non-fraud situations.
- Assess national and international employment opportunities, including the role of education and research relative to the forensic profession.
- Compare and contrast theories relative to the psychology of the fraud perpetrator, discussing why people make illegal choices.
- Investigate complex frauds and financial crimes such as money laundering, schemes perpetrated by organized crime, and cybercrime.
- Discuss the legal, regulatory, and professional environment, including legislation such as the Sarbanes Oxley Act of 2002 and H. R. 4173 of 2009.
- Develop a portfolio of best practices in forensic accounting and fraud detection.