School of Business
ACC/556 Version 5
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In this course, students are introduced to the conduct of fraud examinations, including a discussion of specific procedures used in forensic accounting examinations and the reasoning behind these procedures. Topics include an overview of fraud and abuse, forensic evidence, substantive procedures for cash outflow irregularities, substantive procedures for asset irregularities, financial statement fraud, and examination reporting.
Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:
University policies: You must be logged into the student website to view this document. •
Instructor policies: This document is posted in the Course Materials forum.
University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.
Louwers, T. J., Ramsay, R. J., Sinason, D. H., & Strawser, J. R., & Thibodeau, J. C. (2011). Auditing & assurance services (4th ed.). New York, NY: McGraw-Hill/Irwin.
Mulford, C. W., & Comiskey, E. E. (2002). The financial numbers game: Detecting creative accounting practices. New York, NY: John Wiley & Sons.
Silverstone, H., & Sheetz, M. (2007). Forensic accounting and fraud investigation for non-experts (2nd ed.). Pearson.
Singleton, T. W., Singleton, A. J. (2010). Fraud auditing and forensic accounting (4th ed.). Hoboken, NJ: John Wiley & Sons.
Wells, J. (2011). Principles of fraud examination (3rd ed.). Hoboken, NJ: Wiley.
All electronic materials are available on the student website.
Apollo Shoes Casebook
Week One: Overview of Fraud and Abuse
Identify the impact of occupational fraud and abuse on the organization. 1.2
Describe U.S. governmental oversight of accounting fraud and abuse. 1.3
Define categories of corruption.
Assess the types of accounting evidence.
Read the section “Fraud Examination Methodology” in Ch. 1 of Principles of Fraud Examination.
Read Ch. 10 of Principles of Fraud Examination.
Read Ch. 16 of Principles of Fraud Examination.
Read Ch. 4 of The Financial Numbers Game.
Read Ch. 11 of Fraud Auditing and Forensic Accounting.
Participate in class discussion.
2 Discussion Questions
Respond to weekly discussion questions.
DQ1 – Day 2 DQ2 – Day 4
DQ3 – Day 6
Internal Accountant’s Report to Management
You are the internal accountant at a company that is preparing for an upcoming government contract bid. The management in your company is deciding if it is necessary for the company to perform a full financial status review prior to the bid. As an internal accountant, prepare a report for management that provides supporting information for a full financial status review prior to the bid.
Write a paper of no more than 1,050 words that includes the following sections:
Section I: The effect of occupational fraud and abuse on the company •
Section II: U.S. governmental oversight of accounting fraud and abuse and its effect on the company •
Section III: Potential corruption schemes to be aware of in the company •
Section IV: Recommendation of types of accounting evidence and methods of gathering such evidence to support the financial status review
Format your paper consistent with APA guidelines.
Week Two: Forensic Evidence
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