AU: 3.0
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


this module can win the "longest course description" award...