Summary of Aims:
- To provide students with an exposure to fraud awareness, prevention and detection issues.
- To explore various types of occupational fraud that will benefit students studying to become professionals in business.
On successful completion of this module, you will be able to:
- Identify and analyze occupational fraud and abuse including misappropriation of cash, noncash assets, corruption and financial statement fraud by demonstrating knowledge on how the frauds occur and how they are concealed.(K)
- Identify and evaluate the professional responsibilities and risks inherent in the completion of fraud examinations including evidence gathering, interviewing and report submissions (C, P)
- Be familiar with fraud theories and apply them to real life scenarios to assist in identifying fraud risk factors and present recommendations to strengthen preventive and detection controls.(T, C, P)Key: C-Cognitive/Analytical; K-Subject Knowledge; T-Transferable Skills; P- Professional/ Practical skills
Fraud is prevalent across all industries and continues to be a costly problem for virtually every type of organization all over the world. With the increase in competition, globalization, technological changes and potential periods of economic volatility, the risks of fraud will likely increase.|
Organizations that actively manage their fraud risk have benefited by reducing the impact of fraud. However, many organizations still do not have formal systems and procedures in place to prevent, detect and respond to fraud.
While the law relating to fraud varies from country to country, there are universal principles of fraud risk management relating to prevention, detection and response that can be applied by organizations of all sizes in any industry and/ or country.
No specific prerequisite knowledge is required.