Introduction to Fraud & Forensic Accounting

Join us on a journey into the secrets of fraud conduct, prevention, detection and remediation. 

Name of minor:

Introduction to Fraud & Forensic Accounting

Code:

MINRSM024

Teaching language:

English

Offered by:

Rotterdam School of Management, Erasmus University (RSM), Department of Accounting & Control

Other programmes which are contributing to the minor:

not applicable

Access:

See admissions matrix


Content

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.

Learning objectives:

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;
  • Analyze academic articles from multidisciplinary backgrounds, which deal with fraud;
  • Define fraud and distinguish between different types of fraud;
  • Recognize who commits fraud and why;
  • Understand how pressures, opportunities, and attitudes (the “fraud triangle”) contribute to fraud and identify those;
  • Identify controls that prevent and detect fraudulent behavior, from the “tone at the top” to security measures on the shop floor;
  • Conduct a basic forensic investigation;
  • Obtain a basic understanding of how the legal system deals with occurrences and risks of fraud.

Specific characteristics:

not applicable

Organization

Number of modules:

1

Teaching methods:

Lectures by academics and guest speakers from practice on the theory behind fraudulent behavior and real-life experiences. Tutorials discussing real-life fraud cases, academic articles, and an extensive course project to be completed in student teams.

Literature:

  1. 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)
  2. Business cases (to be announced)
  3. Academic articles (to be announced)

Contact hours:

TBA

Maximum number of students:

Not applicable

Minimum number of students:

10

Examination

The final grade consists of the following elements (percentages to be announced):
  1. Written closed-book test (60%). 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;
  2. Case Studies (20%);
  3. Quality of team presentations and accompanying PowerPoint sheets (10%);
  4. Individual participation during lectures and tutorials (10%);
To pass this course, the exam grade has to be at least 5.5, and the average grade of grading elements b, c, and d also has to be at least 5.5. In other words, students cannot compensate for a failed assignment/presentation/participation grade (written test grade) by scoring a higher written test grade (assignment/presentation/participation grade).

Contact information

Contact person:

Nadine Funcke


funcke@rsm.nl


010-4082197
Website: http://www.rsm.nl/people/nadine-funcke/