MCCCD Official Course Competencies:

ACC216  2009 Fall - 9999

Fraud Examination

1.          Summarize the methodology of fraud examination. (I)

2.          Determine and evaluate skimming schemes commonly found in business practices. (II)

3.          Determine how to identify and analyze activities in connection with cash larceny. (III)

4.          Identify billing schemes. (IV)

5.          Assess the elements involved with the development and implementation of check tampering schemes. (V)

6.          Determine the critical elements found in fraudulent payroll techniques. (VI)

7.          Evaluate the procedures associated with fictitious expense reimbursement and register disbursement. (VII)

8.          Analyze the theory and practices involved with the misuse and concealment of noncash assets. (VIII)

9.          Critique the aspects of common corruption schemes. (IX)

10.        Define and differentiate between the wide varieties of fraudulent activities associated with financial statement fraud. (X)

11.        Appraise the components of critical techniques involved with interviewing witnesses. (XI)

12.        Design a fraud investigation and prepare a written report. (XII)

13.        Summarize the concept of occupational fraud including abusive conduct and fraud deterrence. (XIII)

14.        Analyze the Corporate Sentencing Guidelines and its relationship to occupational fraud and abuse. (XIII)

MCCCD Official Course Outline:

ACC216  2009 Fall - 9999

Fraud Examination

I.          Methodology

            A.        Fraud theory approach

            B.        Tools used

II.        Skimming

            A.        Sales

            B.        Receivables

III.       Cash Larceny

            A.        Point of sale

            B.        Receivables

            C.        Deposits

IV.       Billing

            A.        Shell Company

            B.        Pay and return

            C.        Overbilling with non-accomplice vendor

            D.        Personal purchases with company funds

V.        Check Tampering

            A.        Forged vs. authorized makers

            B.        Forged endorsements

            C.        Altered payees

            D.        Concealed checks

VI.       Payroll

            A.        Ghost employees

            B.        Falsified hours and salary

            C.        Commissions

VII.     Expense Reimbursements

            A.        Mischaracterized items

            B.        Overstated items

            C.        Fictitious items

            D.        Multiple reimbursements

VIII.    Noncash Assets

            A.        Misuse

            B.        Asset requisitions and transfers

            C.        Purchasing and receiving schemes

            D.        False inventory shipments

IX.       Corruption

            A.        Bribery

                        1.         Kickbacks

                        2.         Bid-rigging

            B.        Illegal gratuities

            C.        Economic extortion

            D.        Conflicts of interest

X.        Accounting Principles

            A.        Financial statement fraud

            B.        Fictitious revenues

            C.        Timing differences

            D.        Concealed liabilities and expenses

            E.         Improper disclosures

            F.         Management fraud

            G.        Related-party transactions

            H.        Accounting changes

            I.          Improper asset valuation

XI.       Witness Interview Questions

            A.        Introductory

            B.        Informational

            C.        Closing

            D.        Assessment

            E.         Admission-seeking

XII.     Investigations and Reports

            A.        Investigation Plan

            B.        Evidence development

            C.        Document evidence

                        1.         Preservation

                        2.         Organization

            D.        Information sources

            E.         Report writing

XIII.    Occupational Fraud and Abuse

            A.        Abusive conduct

            B         Measurement

            C.        Fraud deterrence

            D.        Corporate Sentencing Guidelines

            E.         Ethics