Standard

R State Standard £Institutionally Developed College: n/a

ACC 207 – Principles of Fraud Examination

Course Description

Students will learn the basic principles and theories of occupational fraud. The student will learn how opportunity, pressure, and rationalization link together to create the necessary elements present when fraudulent acts are committed. Fraudulent behavior can be prevented and/or detected through a variety of ways that the student will learn. There will be videos and short case studies, made available by the Association of Certified Fraud Examiners (ACFE), Topics covered include: fraud warning signals, identifying ways that firms can implement preventative measures, understanding schemes, identifying ways that firms can detect fraudulent activities.

Competency Areas	Hours
Fraud	Class	5
Skimming	D. Lab	0
Cash Larceny	P. Lab/O.B.I.	0
Billing Schemes	Credit	5
Check Tampering
Payroll Schemes
Expense Reimbursement Schemes
Register Disbursement Schemes
Non-Cash Assets Fraud
Corruption
Accounting Principles and Fraud

Prerequisite:

Corequisite:

Course Guide

Competency	After completing this section, the student will be able to:	Hours
		Class	D.Lab	P.Lab/ O.B.I.
Fraud	Explain the difference between fraud vs. auditing; define the fraud theory approach; define occupational abuse and describe research done in the field of Fraud and Abuse.	5	0
Skimming	Explain the basics of sales skimming, cash register manipulation, and after hours sales. Be able to list the controls to prevent and detect sales skimming	4	0
Cash Larceny	Explain what cash larceny is and how to prevent it. Describe how this type of larceny occurs at point of sale, from incoming receivables and the organization’s bank deposits.	5	0
Billing Schemes	Explain what a billing scheme is and how to prevent it. Describe the various types of billing schemes to include shell company, non-accomplice vendor and personal purchase schemes.	4	0
Check Tampering	Describe what a check tampering scheme is and how to prevent it. Explain the different types of check tampering schemes to include forged maker , forged endorsement, altered payee, concealed check, authorized maker and check tampering.	5	0
Payroll Schemes	Describe what a payroll scheme is and how to prevent it. Explain how a ghost employee scheme works and the people that may be involved in such a scheme. Describe a falsified hours and salary scheme, how they work and how to prevent them.	4	0
Expense Reimbursement Schemes	Explain the components of this scheme and how it works. Describe and explain how to prevent mischaracterized expense reimbursements, overstated expense reimbursements, fictitious expense reimbursements and multiple reimbursements schemes.	5	0
Register Disbursement Schemes	Explain what a register disbursement scheme is how it can be detected and defeated. Describe the types of fraudulent refund schemes to include fictitious refund, overstated refunds, credit card refunds and fraudulent voids. Describe the types of collusion necessary to perpetrate these types of fraud.	4	0
Non-Cash Assets Fraud	Describe how non cash assets are misappropriated and misused. Explain what an unconcealed larceny scheme is and how to prevent it. Explain how asset requisitions and transfer forms are utilized to facilitate this type of fraud. Describe a purchasing and receiving scheme, fraudulent shipment scheme and other various types of non-cash asset schemes.	4	0
Corruption	Explain how corruption related to the company occurs by the employees. Describe the different types of schemes resulting from employee corruption such as kickback schemes, bid rigging schemes, purchasing schemes and sales schemes. Explain how to prevent and detect conflicts of interest.	5	0
Accounting Principles and Fraud	Explain what fraud in financial statements is and the who, why and how this fraud is committed.	5

Suggested Resources

Media (Print Audio/Visual Web Other)	Note: Please adhere to the APA Formatting and Style Guidelines. Examples: Author, A. A. (Year of publication). Title of work: Capital letter also for subtitle. Location: Publisher. Duncan, G.J., & Brooks-Gunn, J. (Eds.). (1997). Consequences of growing up poor. New York: Russell Sage Foundation.
Print	Principles of Fraud Examination, Wells, 2005, Wiley Publishers – ISBN – 0-471-51708-9

Posted: 09/02/08