This course involves students in in-depth examination and discussion of the 5 key areas in forensic accounting and fraud investigation as follows:
A. Uncovering white collar crimes especially in the areas of accounting and financial fraud:
1. Fraudulent Financial Reporting: financial statement fraud schemes, ways in which financial statements are manipulated with fraudulent intent and financial fraud risk actors.
2. Detecting Fraud in Financial Reporting: roles and procedures associated with internal and external auditors, the audit committee, board of directors, management and the forensic accountant.
3. Employee Fraud: embezzlement, cash and check schemes, accounts receivable fraud, inventory fraud, accounts payable fraud, fictitious disbursements.
4. Fraud and Company?s Risk Assessment: tools and techniques to assess risk of fraud in a company: including timeline (event/project management) and link analysis, invigilation and proof of cash. Fraud prevention, detection, and mitigation measures.
5. Indirect Methods of Reconstructing Income: market segment specialization program, source and application of funds method, net worth method, bank deposit method.
B. Litigation Support
1. Commercial Damages: the legal framework of damages; various damage calculation approaches; cost behaviour assumptions and the time value of money.
2. Litigation Support in Special Situations: the accountant?s role in antitrust litigation ? estimation of cost behaviour patterns, including techniques such as regression/correlation analysis.
3. Computing Economic Damages Overview: differences between measuring commercial damages and measuring personal injury damages; how to measure damages for personal injury and wrongful death cases ? economic components and discounting amounts to the present value.
C. Cybercrime
1. Investigation of digital data: a brief introduction to computer forensics and forensic techniques. Explore the preservation of digital evidence, data mining concepts and strategies.
2. Digital Forensic Analysis: using forensic audit, internet protocols, find and trace IP addresses, Applying internet and social media to perform tracing.
3. Cybercrime Management: legal issues ? Applying Singapore laws to fight cybercrimes.
4. Cybercrime loss valuations: place valuation on losses; identify the types of tangible and intangible losses that can occur during a cyber attack.
D. Business Valuations
1. Fundamentals: general types of valuations, fair market value, investment value, intrinsic value, size of ownership interest impact on value.
2. The three common valuation approaches: Income Approach, Market Approach, Cost Approach
3. Business Valuation Reports: organization, mechanics, main sections of the report.
E. Forensic Accounting and financial fraud cases sharing
1. Declassified Singapore and international Case Study
Comments
this module can win the "longest course description" award...
Programme: ACC
This course involves students in in-depth examination and discussion of the 5 key areas in forensic accounting and fraud investigation as follows: A. Uncovering white collar crimes especially in the areas of accounting and financial fraud: 1. Fraudulent Financial Reporting: financial statement fraud schemes, ways in which financial statements are manipulated with fraudulent intent and financial fraud risk actors. 2. Detecting Fraud in Financial Reporting: roles and procedures associated with internal and external auditors, the audit committee, board of directors, management and the forensic accountant. 3. Employee Fraud: embezzlement, cash and check schemes, accounts receivable fraud, inventory fraud, accounts payable fraud, fictitious disbursements. 4. Fraud and Company?s Risk Assessment: tools and techniques to assess risk of fraud in a company: including timeline (event/project management) and link analysis, invigilation and proof of cash. Fraud prevention, detection, and mitigation measures. 5. Indirect Methods of Reconstructing Income: market segment specialization program, source and application of funds method, net worth method, bank deposit method. B. Litigation Support 1. Commercial Damages: the legal framework of damages; various damage calculation approaches; cost behaviour assumptions and the time value of money. 2. Litigation Support in Special Situations: the accountant?s role in antitrust litigation ? estimation of cost behaviour patterns, including techniques such as regression/correlation analysis. 3. Computing Economic Damages Overview: differences between measuring commercial damages and measuring personal injury damages; how to measure damages for personal injury and wrongful death cases ? economic components and discounting amounts to the present value. C. Cybercrime 1. Investigation of digital data: a brief introduction to computer forensics and forensic techniques. Explore the preservation of digital evidence, data mining concepts and strategies. 2. Digital Forensic Analysis: using forensic audit, internet protocols, find and trace IP addresses, Applying internet and social media to perform tracing. 3. Cybercrime Management: legal issues ? Applying Singapore laws to fight cybercrimes. 4. Cybercrime loss valuations: place valuation on losses; identify the types of tangible and intangible losses that can occur during a cyber attack. D. Business Valuations 1. Fundamentals: general types of valuations, fair market value, investment value, intrinsic value, size of ownership interest impact on value. 2. The three common valuation approaches: Income Approach, Market Approach, Cost Approach 3. Business Valuation Reports: organization, mechanics, main sections of the report. E. Forensic Accounting and financial fraud cases sharing 1. Declassified Singapore and international Case Study