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. Policies 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.
Respond to weekly discussion questions. DQ-1: How can undetected fraud or accounting abuse affect a company? DQ-2: Explain any ethical implications in detecting fraud and abuse. Individual Assignment: Internal Accountant’s Report to Management You are the internal accountant at a company that is preparing for an upcoming government contract bid. Management is deciding if it is necessary to perform a full financial status review prior to the bid. As an internal accountant, prepare a report for management with the following:
Readings Explain procedures for collecting accounting evidence. Explain the use of sampling in performing an examination. Evaluate accounting evidence using analytical and inferential tools. Readings ? ? ? Read Ch. 8–12 of Forensic Accounting and Fraud Investigation for Non-Experts. Review Module E, F, & G of Auditing & Assurance Services. The Apollo Shoes Casebook will not be used for this assignment. Details Participation Participate in class discussion 4 out of 7 days during the week with at least 2 responses each day. Please feel free to look over the articles posted each week in the Materials forum.
They are excellent. Respond to weekly discussion questions. DQ-1: What advantages and disadvantages are there in using sampling when performing an investigation? DQ-2: Explain how analytical and inferential tools can aid in the evaluation of accounting evidence. Have you ever use any analytical or inferential tools in your work, if so when and for what? Individual Assignment: Procedures in Collecting Forensic Evidence As corporate controller you are tasked to assemble a checklist of procedures for collecting different types of accounting information. List the procedures, tools, and techniques to be used by the forensic accounting team in each of three categories. 1. What procedures will be used to collect accounting evidence? 2. What sampling tools and techniques will be used for the examination? 3. What analytical and inferential tools will be used to evaluate accounting evidence? Use the Checklist template provided in the Week 2 handout under course materials. Note: APA formatting is not required for this assignment nor do you need references.
Substantive Procedures for Cash Outflow Irregularities Objectives Substantive Procedures for Cash Outflow Irregularities ? ? ? Readings Design substantive procedures for detecting irregularities in cash. Design substantive procedures for detecting irregularities in accounts payable. Design substantive procedures for detecting irregularities in payroll. Readings ? ? Read Ch. 2, 3, & 5–8 of Principles of Fraud Examination. Read the sections Audit Programs & Audit Procedures for Obtaining Audit Evidence (Ch. ) of Auditing & Assurance Services. Details Participation Participate in class discussion 4 out of 7 days during the week with at least 2 responses each day. Please feel free to look over the articles posted each week in the Materials forum. They are excellent. Respond to weekly discussion questions. DQ-1: What irregularities should a fraud examiner look for in areas within a firm where physical cash is used or in the payroll function within a firm? DQ-2: What is the difference between a forensic accountant and an auditor? What do they have in common and what do they do that is different from each other?
Individual Assignment: CPA Exam Review Road Map Week 3. This is a non-graded exercise; you do not need to submit anything to me. Learning Team Assignment: Cash Outflow Irregularities ? Client Consultation: The internal auditor from a Fortune 500 company would like to have a consultation with your forensic accounting firm. The internal auditor and members of the staff suspect irregularities in cash outflows, specifically in the areas of check tampering and employee reimbursements. Retrieve the Client Consultation Form found in the Week 3 Handout from the course materials and complete the questionnaire.