Financial Statement Fraud

Catalog description

Students will develop increased awareness of fraud in businesses, the circumstances in which fraud arises, techniques for detecting, measuring and preventing fraud, and skills needed to help in the eventual resolution of discovered frauds. This course demonstrates the various aspects of fraudulent financial reporting, including the identification of fraud schemes and analytical techniques in uncovering fraud in financial reports. The course includes written projects on executed frauds in public companies and material weakness reports. Students will gain an understanding of SAS 99 as it pertains to the consideration of fraud in a financial statement audit, the nature of internal controls and the role of initiatives to curb fraud both from the PCAOB and from provisions of the Sarbanes-Oxley Act. The course presumes students have basic knowledge of the following components on Form 10-K: MD&A, financial statements and footnotes, auditor report, and management representations. This course is for MQM: Business Analytics students.