Course title

Fraud Examination

Code

 518

Professor

Prof. Zorica Bozhinovska Lazarevska, Ph.D.

Course objectives (competences):

Upon completion of course instruction and successful passing of the examination, students should be competent for:

• Understand the causes and scope of fraud and criminal activity in the economy and society as a whole;
• Understand alternative methods for their prevention, detection and investigation;
• Recognize the elements of the fraud triangle and fraud diamond;
• Increase their ability to recognize the risk factors of fraud, identifying symptoms of fraud and detection of sophisticated fraud schemes incorporated in the financial statements;
• Understand and apply accounting, auditing and investigative techniques that can be applied when collecting evidence in order to disclosure fraud for the purposes of judicial investigations.

Course content:

1. Introduction to fraud;
2. Management fraud;
3. Other types of fraud;
4. Liability of the fraud auditor;
5. Fraud Triangle;
6. Fraud Diamond;
7. Prevention of fraud;
8. Recognition of the symptoms of fraud – “red flags”;
9. Discovering fraud;
10. Fraud Investigation;
11. Providing evidence;
12. Notification of detected fraud;
13. Legal aspects and resolving cases of fraud;
14. Forensic Auditor;
15. Frauds in current corporate scandals (ENRON, WorldCom, Parmalat, Adelphia, Tyco, ZZZZ-Best, etc.).