MACC - 562. Advanced Fraud and Forensics

3 credit(s)
Forensic accounting differs significantly from both traditional accounting and auditing. Traditional accounting primarily focuses on recording financial transactions in accordance with Generally Accepted Accounting Principles. The objective of most audits is to offer an opinion on the reasonable presentation of financial statements.

Forensic accounting involves the application of traditional expertise in accounting, auditing and finance, coupled with the knowledge of investigative techniques, and communication skills. The Forensic Accountant must be well versed in fraud schemes, rules of evidence and the valuation of assets and liabilities. Forensic Accountants combine their knowledge and skills in litigation support and investigative accounting settings.

This course is divided into six (6) overlapping areas relevant to forensic accounting. These are: 1) Communications (verbal & written); 2) Investigative Techniques; 3) Fraud Schemes; 4) Fraud Prevention; 5) Economic Damages & Valuations; and 6) Digital Forensics. Specific areas of study within Communications include; Interviewing, Report Writing, Flow Charts, Expert Witness Preparation, and Graphic Analysis.

Attribute: BUS, MSAE