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ACC 542 Occupational Fraud & Abuse

Take back what belongs to your company.

Credits: 
3
Format: 
Online
Duration: 
8 weeks

Occupational fraud comes in all sizes and shapes. From the clerk who skims cash from the register to the executive who devises a scheme to channel funds into his or her own offshore account, occupational fraud and abuse costs companies over $3 trillion worldwide each year.

Your Flex Fit

Where does this course fall in your Flex curriculum?
ACC 542 is one of seven advanced electives offered within this program’s Accounting specialization.

Course Overview

Through ACC 542, you’ll understand the definitions, theories, and foundations of fraud. With this foundation, you’ll gain the skills a forensic examiner might use to detect and investigate fraud.

As you become familiar with the mindset of those who commit fraud, you’ll explore the different types of fraud and abuse that take place within organizations.

Quick Stat

According to a 2012 survey by the Association of Certified Fraud Examiners, some 87.3% of fraud perpetrators have no prior criminal history.

Controls and procedures can be put in place to detect and prevent larceny and fraud and you’ll become familiar with these methods, as well as with weaknesses in common internal control systems that can make your company vulnerable to financial abuse.

Books and financial records documenting the paper trail of fraudulent activities answer the “what,” “when” and “where.” Understanding fraud perpetrators’’ mindsets answers the “why.” You’ll discover the ways in which the “how” is revealed using forensic accounting skills, which is the application of accounting principles, investigative techniques, and an understanding of the law as it pertains to white collar crime.

You’ll learn what constitutes each of these types of abuse or fraud, and you’ll identify the red flags that may forewarn an organization of these types of crime.

Sample Assignment

The owners of a fictitious baseball franchise suspect fraud within their organization. You’ll investigate, using analysis, verification, review and observations to complete a formal detailed report with your findings.

Sample Course Topics

  • Introduction to Fraud and Skimming
  • Cash Larceny
  • Billing Schemes
  • Check Tampering
  • Payroll Fraud
  • Expense Reimbursement Schemes
  • Register Disbursement Schemes
  • Noncash Asset Fraud

What You'll Learn

Through this course, you’ll gain insight and skills to help you minimize, prevent and detect occupational fraud.

  • Know the various types of occupational fraud and be aware of the kinds of internal controls that help prevent and detect such frauds.
  • Understand the factors that typically motivate the perpetrator of occupational fraud.
  • Successfully navigate the books and records that document the paper trail of occupational fraud, in order to answer the "What?" "When?" and "Where?" of a specific fraud.
  • Master the specific forensic accounting skills (i.e., the application of accounting principles, investigative techniques, and awareness of the law) that pertain to the ferreting out of white-collar crime.

Learn More

In ACC 542, you’ll gain insight into stopping fraudsters in their tracks. For more information about The University of Scranton’s Online Master's in Business Administration degree, request more information or call us today toll-free at (866) 373-9547.

The content presented on this page is representative information for example purposes and is subject to change as course and student needs change over time.