Forensic Accounting and Fraud Examination

Everyday across America, thousands of businesses are victimized by fraud. Who commits these bad acts? Why? And, how? In this course we are going to help you answer the questions: who commits fraud, why and how. We’ll also help you develop skills for catching them.

About The Course

Fraud is prevalent around the world, having a significant impact on the global economy. The Association of Certified Fraud Examiners (ACFE) 2014 Report to the Nations projects that in 2013, worldwide fraud approached $3.7 trillion, or as much as 5% of the productive economy.

Understanding and combating fraud, nefarious financial activities associated with organized crime and terrorist financing is a multidimensional task. Some fraudsters are characterized as good persons making a bad decision that appear out of character for the individual. At the same time, there are fraud schemes and criminal organizations established solely for the purpose of defrauding their victims to accumulate massive amounts of cash and other assets through activities like systematic credit card and healthcare fraud. In this course, you will develop the skills to identify accidental versus predator fraudsters.

Next the course introduces the topics of evidence, data analysis and investigations; During this stage, the course discusses cutting edge data mining, big data analysis tools, the examination of evidence and an overview of investigation techniques centered on putting fraud examination and forensic accounting cases together.

From there the course examines more sophisticated approaches to concealment, money laundering, in the hopes of turning ill-gotten gains into money and other assets seemingly derived from legitimate sources.  Money laundering is featured as both a concealment technique as well and a devise for clearing tainted assets.

Finally, the course considers the important role of whistle-blowing in the anti-fraud arsenal.  The most common way in which frauds are discovered is by “tips.” Tips are the information provided by whistle-blowers. As such, effective anti-fraud measures need to provide whistle-blowing options to detect frauds at the earliest time in order to minimize damage.

These topics are delivered over five weeks. Our primary teaching tool will be the case method. Through anecdotes sprinkled in course lectures as well as videos of actual fraudsters in action, this courses is hands-on, immersing participants in actual frauds perpetrated by bad guys, providing relevant, real world knowledge, tools and skills to develop a deeper understanding of forensic accounting and fraud examination.

Frequently Asked Questions

  • What resources will I need for this class?
    • For this course, all you need is an internet connection, the time to watch, study, and engage in forum dialog as well as the case study assignments.  The textbook is optional but recommended.

  • What background is expected for students in this class?
    • No background is required, all are welcome.

  • What can I earn for completing this course?

    • You can earn a Verified Certificate by verifying your work with a risk-free, no obligation Signature Track trial. Payment for Signature Track can be made anytime until the week before the course ends — so you’ll be more certain that you’ll earn your Verified Certificate.

      If you choose not to verify your work, you can still participate in the complete course.  While your final score will be noted on your course records page, this course will not offer a Statement of Accomplishment. 

Recommended Background

For this course no background is required and all are welcome!