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    Forensic Accounting & Auditing

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    Prey
    This document outlines a course on forensic accounting and auditing. [1] The course aims to help students understand the role of forensic accountants and detect and investigate fraud. [2] Students will learn methods to prevent, detect, and investigate fraud, and analyze fraudulent financial statements and transactions. [3] The course covers topics such as internal controls, auditing techniques, indicators of fraud, forensic tools and techniques, and types of fraud like tax fraud, money laundering, and cybercrime.

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    Forensic Accounting & Auditing

    Uploaded by

    Prey
    261 views3 pages
    This document outlines a course on forensic accounting and auditing. [1] The course aims to help students understand the role of forensic accountants and detect and investigate fraud. [2] Students will learn methods to prevent, detect, and investigate fraud, and analyze fraudulent financial statements and transactions. [3] The course covers topics such as internal controls, auditing techniques, indicators of fraud, forensic tools and techniques, and types of fraud like tax fraud, money laundering, and cybercrime.

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    This document outlines a course on forensic accounting and auditing. [1] The course aims to help students understand the role of forensic accountants and detect and investigate fraud. [2] Students will learn methods to prevent, detect, and investigate fraud, and analyze fraudulent financial statements and transactions. [3] The course covers topics such as internal controls, auditing techniques, indicators of fraud, forensic tools and techniques, and types of fraud like tax fraud, money laundering, and cybercrime.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    261 views3 pages

    Forensic Accounting & Auditing

    Uploaded by

    Prey
    This document outlines a course on forensic accounting and auditing. [1] The course aims to help students understand the role of forensic accountants and detect and investigate fraud. [2] Students will learn methods to prevent, detect, and investigate fraud, and analyze fraudulent financial statements and transactions. [3] The course covers topics such as internal controls, auditing techniques, indicators of fraud, forensic tools and techniques, and types of fraud like tax fraud, money laundering, and cybercrime.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Faculty of Management

    Integrated MBA Program


    Batch: 2018-23 , Sem:8
    Subject Name: Forensic Accounting & Auditing
    Finance

     Course Objective: This course is intended to help students to understand the role
    of Forensic Accountant. Topics covered include fraud detection and fraud
    investigation techniques. By the end of the course students are able to understand both
    the pervasiveness and the causes of fraud. Course will impart knowledge to examine
    the types of fraud and fraud schemes that affect business enterprises, explore methods
    of fraud detection and prevention, and increase their ability to recognize potential
    fraudulent situations.

     Learning Outcomes:
     To be acquainted with several methods that fraud examiners use to prevent
    and detect it.
     To gain a historical view of financial statement fraud and get aspects to
    some controversial ideas about how and why some of the biggest frauds
    occurred and what can be done about the problem.

     Course Content:
    Module Modules/Sub-Modules No. of %
    No. Contact Weightage
    Hrs.
    I Introduction to Forensic Accounting, Auditing &
    Fighting Fraud :

     Role Of The Forensic Accountant 7 20 %

     Differences Between Forensic Accounting


    And Auditing

     Transaction Cycles And Internal Controls

    II The Auditing Environment and Role of Auditor to


    detect fraud
     The Audit Process -Methods And 7 20 %
    Techniques
     Auditor's Responsibility To Detect Fraud
     Sarbanes-Oxley Act: Objectives, Major
    Provisions

    III Forensic Accounting Tools and Techniques :


     Common Indicators Of Fraud
     Common Analytical Procedures 7 20 %
     Sources Of Forensic Evidence
     Investigative Techniques Used By
    Forensic Accountants
    IV Fraud Investigation (A):
     Financial statement fraud- overstatement
    of assets, understatement of expenses and
    liabilities, improper revenue recognition 7 20 %
    etc.
     Employee Fraud 

    V Fraud Investigation (B):


     Tax /Bankruptcy
     Money Laundering  7 20 %
     Cyber Crime

     Teaching Methods:
    The following pedagogical tools will be used to teach this course:
    Lectures
    Fraud Case Discussion & Analysis
    Cybercrime fraud discussion & Analysis

     Evaluation:
    The students will be evaluated on a continuous basis and broadly follow the scheme
    given below:

    1. Assignments / Quizzes / Class Participation 30% (Internal Assessment)


    etc.
    2. Internal Examination 20% (Internal Assessment)
    3. External Examination (University Exam) 50% (External Assessment)

     Basic Text Books:


    Sr. Author/s Name of the Publisher Edition
    No. Book
    1 Michael A. Essentials of Wiley 2017
    Crain, William S. Forensic Publication
    Hopwood, Carl Accounting
    Pacini, George R.
    Young
    1 Apurva Joshi Students Fraudexpress 2012
    Handbook on Media
    Forensic
    Accounting

     Reference Books:
    Sr. Author/s Name of the Publisher Edition
    No. Book
    1 By Tommie W. Fraud Auditing Wiley Fourth Edition
    Singleton, Aaron J. and Forensic Publication
    Singleton Accounting
    2 By Frimette Kass- Forensic Wiley
    Shraibman, Vijay S. Accounting For Publication
    Sampath Dummies

     List of Journals / Periodicals / Magazines / Newspapers etc.:


    The students will have to refer to past issues of the following journals in order to get
    relevant topic/information pertaining to the subject.
     The journals of CMAs: The management Account
     Journal of Forensic Accounting Research
     Journal Of Forensic And Investigative Accounting

     Session Plan:
    Session No. Topics / Chapters
    1-2 Introduction to Forensic Accounting, Auditing
    3-5 Role Of The Forensic Accountant, Differences Between Forensic
    Accounting And Auditing
    6-7 Transaction Cycles And Internal Controls
    8-9 The Audit Process -Methods And Techniques
    10-14 Auditor's Responsibility To Detect Fraud, Sarbanes-Oxley Act:
    Objectives, Major Provisions
    15-18 Common Indicators Of Fraud, Common Analytical Procedures
    19-21 Sources Of Forensic Evidence, Investigative Techniques Used By
    Forensic Accountants
    22-25 Financial statement fraud- overstatement of assets, understatement of
    expenses and liabilities,
    26-28 Improper revenue recognition ,Employee Fraud 
    29-31 Tax /Bankruptcy, Money Laundering 
    32-35 Cyber Crime

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