GREAT ZIMBABWE UNIVERSITY

MINHUMUTAPA SCHOOL OF COMMERCE

DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEM

COURSE CODE:MACC525/MPAC 521

COURSE TITLE: APPLIED FORENSIC AUDITING

1 AIM

The aim of this module is to introduce the students to the field of forensic
auditing. It is a technical module that seeks to provides an exclusive opportunity
to have hands-on techniques on fraud detection, prevention and investigation
and ensures that proper fraud remedial actions are implemented. The increase in
commercial crimes, highly-publicized financial scandals and heightened concerns
over money laundering, have seen the need to advance practical knowledge and
skills for detecting fraud within private and public organizations. It is against this
background that this module forensic and investigative auditing has been
introduced to combine auditing, accounting knowledge, investigative skills and
modern day technologies to undertake various litigation support and
investigating accounting support to pick up crimes such as fraud, financial and
economic crimes, tax evasion, e-commerce and cyber crimes, money laundering
and related unethical business practices.

2. Objectives

The objective of this module is to enable students to;

 2.1Apply practical knowledge to analyze fraud and be able to detect the
different types of frauds such as occupational fraud, financial fraud, e-
commerce and cybercrimes, money laundering and white collar crime.
2.2Examine and investigate the current wave of frauds and e-commerce
crimes using the modern day techniques and technology.
2.3Collect, collate, preserve, analyze, present evidence which is legally
acceptable and court ready.
2.4Design and review organizations systems of internal controls especially
those intended to prevent, detect and report fraud using modern and
improved technology.
2.5Plan , coordinate , execute and manage forensic audits and investigation
assignments
2.6Make use of technology and tools in computer forensics for fraud
prevention, detection and reporting and investigation information
solutions, software, interfaces and models.

3 SYLLABUS IN DETAIL

1 Definition of Forensic Audit and its importance

Definition of forensic auditing
Deference between Forensic auditing and financial auditing
Why the rise in demand for forensic auditors in Zimbabwe.
Qualities of a forensic auditor.
Areas where forensic auditing can be applied.

2 Understand fraud as a risk exposure

 Definition of fraud and other economic offences
Ingredients for fraud prevention
Fraud prevention strategies.
3 Fraud Detection techniques
Red flags
Whistle blowing
Surprise audits
CAATS
4 Law relating to forensic auditing
Criminal law
Criminal procedure Act
Prevention of organized crime act
Prevention and combating of corrupt activities act
Constitution of Zimbabwe
Public Finance Act
Law of evidence
Electronic communications and transactions Act.
5 Fraud investigations
Process and key players in the investigations
Techniques of carrying out investigations
6 Forensic and investigative audit reporting
Structure of the report
Reports to management
Reports for a criminal process
Report for a disciplinary process
 7 Follow up and remedial actions
Importance of the stage
Stages

8 RECOMMENDED TEXTS

1. Thomas w. Golden:steven l Skalak: Mona M. Clayton; Jessica S Pill A Guide

to Forensic Accounting Investigation (second edition)published by Wile

2. Michael A ,Crain ,:William S Hopwood:carl Pacini and George R

Young ;Essentials of forensic Accounting

3. Tommie W Singleton & Aaron J Singleton ; Fraud Auditing and forensic

Accounting (Fouth Edition)

4. UNISA (2016) Pogramme in Forensic and investigative auditing modules

1,2,3,4

5.Millichamp, A.H. Auditing: An Instruction Manual for Accounting Students, DP

Publications.

6. Statutory instruments (Acts of Parliament)

Criminal law Act

Criminal procedure Act

Prevention of organized crime act
Prevention and combating of corrupt activities act
Constitution of Zimbabwe
Public Finance Act
Law of evidence
 Electronic communications and transactions Act

7 .University of South Africa, Pretoria Internal auditing (AUI202-8 $AU13-B

STUDY GUIDE)

9 STUDENTS ASSESSMENT

Students shall be assessed at the end of the semester through coursework

and final examination. Case studies, presentations, simulations and virtual
teaching methodologies shall be employed.

10. COURSEWORK

Two assignments shall be given, contributing 40% to the final mark.

11. EXAMINATION

An examination to be marked out of 100 shall be administered at the end

of the semester. It will contribute 60% to the final mark.

12. DURATION OF THE COURSE

The course will cover a period of 36

13. Special requirements

Laboratory software
Encase forensic-for case management
Access data-data analytics, restoration of deleted data and imaging.
Pro - Discover- Fore
Forensic Tool kit –imaging, data analytics
SPSS-statistical and modeling.

Advanced Miner Professional – for data mining

Close relationships with the security organizations such as the police