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INTRODUCTION
ACCT2211 - Forensic Business Investigations
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Introduction
Welcome
What is ACCT2211 about
Course Overview and Detail
Assessment
Expectations
House keeping rules
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Welcome
Welcome to ACCT2211
Victor Borg is the coordinator and lecturer in this course.
Contact details: victor.borg@rmit.edu.au
Meredith Tharapos is lecturer in this course. Contact
details: meredith.tharapos@rmit.edu.au
Consultation times are by appointment only. Send an
email.
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Forensic Business Investigations
This unit provides you with the opportunity to learn how
accounting supports and adds value to forensic business
investigations into economic disputes, which can often
result in civil and criminal actions
Accounting service provided can be forensic because
findings made by the accountant can be admitted into
evidence.
As we shall see economic disputes imposes costs on
society. Forensic accounting input can prevent or assist in
the recovery of these costs or help bring to justice those
who impose such costs on society
Quite often forensic accountants work with limited
information and under tight time constraints.
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Forensic Business Investigations
The forensic accountant owes a duty to the court, not the
client or employer. This can create enormous ethical
tension.
Forensic accountants communicate findings or an opinion
about economic disputes, which can often be complex, in a
manner that is understandable by the client and accepted
the courts. This can be challenging.
Forensic accounting opinions presented as evidence are
likely to be inadmissible if perceived to be biased or does
not assist the court
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Course Overview and Outline
This is an introductory course to the world of forensic accounting, based
on the textbook Fraud Examination, Albrecht et al, 2012
Other references will be announced from time to time during the semester
Topics include
Fraud Prevention
Fraud detection
Investigating Fraud
act; concealment and conversion
Financial Statement Fraud
Type
(T/R)
Author Title and edition ISBN Publisher
Text
W. Steve Albrecht
Chad O. Albrecht
Conan C. Albrecht
Mark F. Zimbelman
Fraud Examination, 4
th
Edition 2012 978-0-538-47084-1
South-
Western
Cengage
Learning
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Course Overview and Outline - Assessment
Individual Test (20%)
On-line via Blackboard
1 hour test will be open book and multiple choice format covering
topics to date.
When: Week 7. Test will open online Saturday 10am 13 September
2014 and close 10am, 14 September 2014.
Major assignment group (35%). Refer Blackboard for
instructions
DUE Week 9, 26 September 2104 by 5pm. Assignments will be
returned during lectures in Week 12.
4 persons per group
Group problems
Exam (closed book) 2hrs writing +15 mins reading (45%)
To be advised
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Housekeeping & Expectations
Attendance
Punctuality and deadlines
Class participation
NO eating or telephone (including texting) in class
NO talking during lectures
NO recording on iPhones, etc
Breaks
Blackboard
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Black Dots
Fraud is like the black dots, ..... hard to see and catch!
Detection can be difficult because of failure to see red
flags (warning signs)
What is fraud?
What are the warning signs of fraud?
Do you think it is easy for people to get away with fraud?
Do you think society tolerates fraud?