Faculty of Management
Integrated MBA Program
Batch: 2018-23 , Sem:8
Subject Name: Forensic Accounting & Auditing
Finance
Course Objective: This course is intended to help students to understand the role
of Forensic Accountant. Topics covered include fraud detection and fraud
investigation techniques. By the end of the course students are able to understand both
the pervasiveness and the causes of fraud. Course will impart knowledge to examine
the types of fraud and fraud schemes that affect business enterprises, explore methods
of fraud detection and prevention, and increase their ability to recognize potential
fraudulent situations.
Learning Outcomes:
To be acquainted with several methods that fraud examiners use to prevent
and detect it.
To gain a historical view of financial statement fraud and get aspects to
some controversial ideas about how and why some of the biggest frauds
occurred and what can be done about the problem.
Course Content:
Module Modules/Sub-Modules No. of %
No. Contact Weightage
Hrs.
I Introduction to Forensic Accounting, Auditing &
Fighting Fraud :
Role Of The Forensic Accountant 7 20 %
Differences Between Forensic Accounting
And Auditing
Transaction Cycles And Internal Controls
II The Auditing Environment and Role of Auditor to
detect fraud
The Audit Process -Methods And 7 20 %
Techniques
Auditor's Responsibility To Detect Fraud
Sarbanes-Oxley Act: Objectives, Major
Provisions
III Forensic Accounting Tools and Techniques :
Common Indicators Of Fraud
Common Analytical Procedures 7 20 %
Sources Of Forensic Evidence
Investigative Techniques Used By
Forensic Accountants
IV Fraud Investigation (A):
Financial statement fraud- overstatement
of assets, understatement of expenses and
liabilities, improper revenue recognition 7 20 %
etc.
Employee Fraud
V Fraud Investigation (B):
Tax /Bankruptcy
Money Laundering 7 20 %
Cyber Crime
Teaching Methods:
The following pedagogical tools will be used to teach this course:
Lectures
Fraud Case Discussion & Analysis
Cybercrime fraud discussion & Analysis
Evaluation:
The students will be evaluated on a continuous basis and broadly follow the scheme
given below:
1. Assignments / Quizzes / Class Participation 30% (Internal Assessment)
etc.
2. Internal Examination 20% (Internal Assessment)
3. External Examination (University Exam) 50% (External Assessment)
Basic Text Books:
Sr. Author/s Name of the Publisher Edition
No. Book
1 Michael A. Essentials of Wiley 2017
Crain, William S. Forensic Publication
Hopwood, Carl Accounting
Pacini, George R.
Young
1 Apurva Joshi Students Fraudexpress 2012
Handbook on Media
Forensic
Accounting
Reference Books:
Sr. Author/s Name of the Publisher Edition
No. Book
1 By Tommie W. Fraud Auditing Wiley Fourth Edition
Singleton, Aaron J. and Forensic Publication
Singleton Accounting
2 By Frimette Kass- Forensic Wiley
Shraibman, Vijay S. Accounting For Publication
Sampath Dummies
List of Journals / Periodicals / Magazines / Newspapers etc.:
The students will have to refer to past issues of the following journals in order to get
relevant topic/information pertaining to the subject.
The journals of CMAs: The management Account
Journal of Forensic Accounting Research
Journal Of Forensic And Investigative Accounting
Session Plan:
Session No. Topics / Chapters
1-2 Introduction to Forensic Accounting, Auditing
3-5 Role Of The Forensic Accountant, Differences Between Forensic
Accounting And Auditing
6-7 Transaction Cycles And Internal Controls
8-9 The Audit Process -Methods And Techniques
10-14 Auditor's Responsibility To Detect Fraud, Sarbanes-Oxley Act:
Objectives, Major Provisions
15-18 Common Indicators Of Fraud, Common Analytical Procedures
19-21 Sources Of Forensic Evidence, Investigative Techniques Used By
Forensic Accountants
22-25 Financial statement fraud- overstatement of assets, understatement of
expenses and liabilities,
26-28 Improper revenue recognition ,Employee Fraud
29-31 Tax /Bankruptcy, Money Laundering
32-35 Cyber Crime
