106012: Fraud Investigation Study Guide

The study guide is provided to guide you through the course material in a step by step format.

Reading assignments are for Forensic Accounting and Fraud Investigation for Non-Experts.

1) Forensic accounting

Reading Assignment: Chapter 1 <<>> Review Questions: none

The learning objectives for this lesson are to gain an understanding of:

  • What is forensic accounting?
  • Why has forensic accounting become the buzz?
  • Introduction to a profession
  • Applications of forensic accounting

2) Fraud in society

Reading Assignment: Chapter 2 <<>> Review Questions: # 1 – 5

The learning objectives for this lesson are to gain an understanding of:

  • What is fraud?
  • Types of fraud
  • What the numbers tell us about fraud
  • The social consequences of economic crime
  • Suggested readings

3) Understanding the basics of financial accounting

Reading Assignment: Chapter 3 <<>> Review Questions: # 6 – 7

The learning objectives for this lesson are to gain an understanding of:

  • The five accounting cycles
  • Journals
  • Tying the thread

4) The entities

Reading Assignment: Chapter 4 <<>> Review Question: # 8 – 9

The learning objectives for this lesson are to gain an understanding of:

  • Proprietorships
  • Partnerships
  • Corporations
  • Business enterprises in the global environment

5) Fundamental principles of analysis

Reading Assignment: Chapter 5 <<>> Review Questions: # 10- 12

The learning objectives for this lesson are to gain an understanding of:

  • Good analysis=due dilibence?
  • Why do it?
  • Other factors to consider
  • Analysis for the non-expert
  • To the future

6) The role of the accounting professional

Reading Assignment: Chapter 6 <<>> Review Questions: # 13 – 14

The learning objectives for this lesson are to gain an understanding of:

  • The importance of accounting professionals in the investigation
  • The audit process
  • Internal controls

7) Business as a victim

Reading Assignment: Chapter 7 <<>> Review Questions: # 15 – 18

The learning objectives for this lesson are to gain an understanding of:

  • Employee thefts
  • Payroll fraud
  • Fraudulent billing schemes
  • Fraud committed by outsiders
  • Management thefts
  • Corporate thefts
  • Identity theft

8) Business villains

Reading Assignment: Chapter 8 <<>>Review Question: # 19 – 21

The learning objectives for this lesson are to gain an understanding of:

  • Organized crime and business
  • Money laundering

9) The investigative process

Reading Assignment: Chapter 9  <<>> Review Question: # 22 – 25

The learning objectives for this lesson are to gain an understanding of:

  • Case initiation
  • Case evaluation
  • Goal setting and planning
  • Investigation

10)  Interviewing financially sophisticated witnesses

Reading Assignment: Chapter 10 <<>>Review Questions: # 26 – 29

The learning objectives for this lesson are to gain an understanding of:

  • The interview
  • Concerns in interviewing financially sophisticated witnesses

11) Proving cases through documentary evidence

Reading Assignment: Chapter 11 <<>>Review Questions: # 30 – 36

The learning objectives for this lesson are to gain an understanding of:

  • Document collection
  • Document organization
  • The process of proof
  • The logic of argument
  • Proof through inference

12)  Analysis tools for investigators

Reading Assignment: Chapter 12 <<>> Review Question: # 37 – 40

The learning objectives for this lesson are to gain an understanding of:

  • Why use analysis tools at all?
  • Associational analysis
  • Temporal analysis

13)  Inferential analysis

Reading Assignment: Chapter 13 <<>> Review Question: # 41 – 45

The learning objectives for this lesson are to gain an understanding of:

  • How inferential analysis helps
  • What is an inference network?
  • Investigative inference analysis
  • The key list
  • Constructing an investigative inference chart
  • Some tips for charting success
  • Applying the chart to the investigative process

14) Documenting and presenting the case

Reading Assignment: Chapter 14 <<>> Review Question: # 46 – 50

The learning objectives for this lesson are to gain an understanding of:

  • Creating a system
  • The casebook system
  • Report writing
  • Testifying as a financial expert