Course

Unit 1

Introduction to Forensic Accounting: An overview of financial crime – Principles of Forensic Accounting – Objectives of Forensic Accounting – Advantages of Forensic Accounting – Limitations

• Role of Forensic

Unit 2

Fraud Examination: The Nature of Fraud – Reasons for committing Fraud – Fraud Detection – Fraud Investigation – Recognizing the symptoms of Fraud in Accounting. Investigating Theft Acts – Investigation Methods – Inquiry method -Investigation Concealment – Conversion investigation methods – Fraud Reports – Management fraud

Unit 3

Financial statement fraud: Revenue and Inventory related fraud – Liability, Assets and Investment Disclosure Fraud – the role of advanced technology in forensic investigation – forensic investigation and communications

Unit 4

Fraud against organizations – Consumer Fraud- Identity theft – Investment scam- Money Laundering – Bankruptcy-Tax Fraud – Fraud in E-Commerce: Online transaction fraud, Credit card fraud, Cheque fraud – forensic accounting and insurance

Unit 5

Legal follow up – Expert witness – Financial statement fraud standards – Ombudsaman – Positive Banking System – CIBIL score –Cyber Laws.

Course Objective:

To understand the detection of fraudulent activities and ensure the best accounting design and practices to reduce financial losses.

Course outcomes:

The students will able to:

CO1: Understand the principles, objectives, advantages, and limitations of forensic accounting,

and recognize the role of forensic accountants in investigations and legal proceedings.

CO2: Understand fraud nature, motives, detection, and investigation methods, recognize fraud symptoms in accounting, investigate theft acts, and produce effective fraud reports for management awareness.

CO3: Analyze financial statement fraud types, focusing on revenue and inventory manipulation, liability and asset misrepresentation, and investment disclosure fraud to enhance detection skills.

CO4: Identify and analyze various forms of fraud, including consumer fraud, identity theft, investment scams, money laundering, bankruptcy, tax fraud, and e-commerce fraud, for effective prevention and mitigation strategies.

CO5: Understand financial statement fraud standards, cyber laws, and the role of ombudsman in a positive banking system, influencing CIBIL score as an expert witness.

Textbook:

1) C.W. Jackson -Detecting Accounting Fraud: Analysis and Ethics – Pearson Education

References:

• Michael A Crain, William Hopwood – Essential of Forensic Accounting –John Wiley and Sons
• Rufus, Laura Miller- Forensic Accounting – Pearson
• D. Dorrell – Financial Forensics Body of Knowledge – John Wiley and Sons