Minor Introduction to Fraud & Forensic Accounting
- Broadening minor
- 10 weken
- Minor hoort bij de opleiding
According to recent estimates, organizations lose about six percent of their revenues to dishonesty from within the firm. Such occupational frauds occur at various organizational levels – from the mailroom to the boardroom. While executives are “cooking” the company’s books to show better profits (e.g., Enron), purchasing agents are getting kickbacks from suppliers and employees embezzle money to improve their lifestyles. In this minor, we learn who commits fraud and why, what organizations can do to prevent and detect fraud, how affected organizations deal with crises caused by fraud, and how the legal system responds to fraud.
After following this minor, students will be able to:
- Understand the costs and personal consequences of fraud occurrences and how it affects individuals, consumers, organizations and society at large;
- Reproduce famous fraud schemes in history;
- Understand how pressures, opportunities, and attitudes (the “fraud triangle”) contribute to fraud and identify those;
- Define fraud and distinguish between different types of fraud;
- Recognize who commits fraud and why;
- Identify controls that prevent and detect fraudulent behavior, from the “tone at the top” to security measures on the shop floor;
- Analyze, present and discuss academic articles, which deal with fraud;
- Conduct a basic forensic investigation;
The course consists of a mix of lectures, tutorials and self-study.
All RSM minors have mandatory attendance There are no pre-requisites for this course. In the first lecture, we will provide a (very short) overview of the most important accounting concepts. For students that never took an accounting course before, and want more background information, I would advise them to read an introductory book about accounting (e.g. “Accounting Made Simple: Accounting Explained in 100 Pages or Less” by Mike Piper, or any other “introduction to accounting” book available at the library).
Lectures by academics and guest speakers from practice on the theory behind fraudulent behavior and real-life experiences. Tutorials discussing real-life fraud cases and academic articles, discussed and presented in student teams.
- Zimbelman, M.F., Albrecht, C.C., Albrecht, W.S., Albrecht, C.O.: Forensic Accounting, 4th edition, South Western Cengage Learning, ISBN-13: 978-0-538-47086-5 (subject to change)
- Business cases (to be announced)
- Academic articles (to be announced)
Method of examination
The final grade consists of the following elements:
- Written closed-book test (70%). The written test (open questions and possibly multiple choice questions) will cover the material presented and discussed during lectures and tutorials and will be based on the textbook and other material used in this course.
- Assignments prepared in student teams (20%). Please adhere to the due dates provided. Submission delay will lead to grade reduction, and plagiarism and assignments submitted after the respective tutorial will receive a ‘fail’.
- Quality of team presentations and accompanying PowerPoint sheets (10%).
To be eligible to obtain a final grade, your written test grade needs to be at least 4.5. To pass this course, the final grade for this course has to be at least 5.5.
Composition final grade
Written closed-book test (70%).
Assignments prepared in student teams (20%).
Quality of team presentations and accompanying PowerPoint sheets (10%).
Minimum grade required
Opportunity to resit within the academic year
Form of examination (Open questions = OQ, Multiple choice + MC)
Written feedback by grading. Feedback during classs and via Canvas.