NORTHERN KENTUCKY UNIVERSITY DEPARTMENT OF ACCOUNTANCY ACC 394.N01 Fraud Examination Spring 2007

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1 NORTHERN KENTUCKY UNIVERSITY DEPARTMENT OF ACCOUNTANCY ACC 394.N01 Fraud Examination Spring 2007 INSTRUCTOR: Robert R. Kramer, MBA, CPA, CFE, FCPA U.S. Government Forensic Accountant (Retired) Johnson, Cambra & Libbert, Investigative Accountants (513) Our Vision: The College of Business seeks to enrich the lives of its students and help transform its communities. Our Mission: Our primary mission is to educate undergraduate students from the Northern Kentucky/Greater Cincinnati metropolitan region to perform effectively and ethically in a global environment as professionals in business, public, and social enterprises. We seek greater diversity in the students recruited to our degree programs. We place on-going emphasis on the growth and quality of our graduate programs. We will leverage the partnerships between students, faculty and the community to continuously improve the educational experience of our students and to enhance the integration of scholarship and service to classroom learning. Assurance of Learning: The College of Business has established learning outcomes for all its majors and programs. All business majors share some learning outcomes, and some learning outcomes are specific to the majors or programs. This course, Fraud Examination, is designed to meet the objectives that all Bachelor of Accountancy students should be able to: Demonstrate an ability to recognize, analyze and suggest solutions to basic ethical dilemmas. Demonstrate an ability to identify relevant information, grasp basic accounting issues, and locate and interpret authoritative standards and professional literature. Demonstrate critical thinking skills in recognizing and analyzing basic accounting issues and problems Demonstrate an ability to analyze and organize an accounting problem, apply appropriate principles and methods, and prepare an acceptable summary or recommendation.

2 REQUIRED TEXT: Principles of Fraud Examination Wells, Joseph T. COURSE DESCRIPTION: The course will cover the principles and methodology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses. COURSE OBJECTIVES: To develop an understanding of how and why occupational fraud is committed; To recognize how fraudulent conduct may be deterred; and To determine how allegations of fraud should be investigated and resolved. COURSE REQUIREMENTS: Class sessions will consist of lectures, case studies and discussion. The course will feature guest speakers who are experienced in the civil and criminal investigation and prosecution of fraud crimes. The sessions will be interactive, with students working through the cases, developing investigative strategies, and seeking to prove how the fraud was committed. COURSE POLICIES: Grading: The grading system at Northern is based on the following descriptions: A represents exceptionally high achievement as a result of aptitude, effort, and intellectual initiative. B represents high achievement as a result of ability and effort. C represents average achievement, the minimum expected of a college student. D represents the minimum passing grade except for courses taken on a pass/fail basis. F indicates failure in a course. Credit in a course where an F was earned can be obtained only by repeating the course successfully. (NKU Catalog, Bachelor's Degree, VI. Related Policies, B. Grading System) Course grades will be calculated as follows: Midterm Examination (45% ) Final examination (45%) Homework assignments & Class participation (10%)

3 Student rights and responsibilities: The maintenance of academic standards and integrity includes the obligation not to cheat or plagiarize. A student who uses a dishonest or deceitful means to obtain a grade is guilty of cheating; a student who submits another s work as one s own without adequate attribution is guilty of plagiarism. Identical work will earn a grade of zero. The maintenance of academic standards and integrity includes the obligation not to cheat or plagiarize. A student who uses a dishonest or deceitful means to obtain a grade is guilty of cheating; a student who submits another s work as one s own without adequate attribution is guilty of plagiarism. Identical work will earn a grade of zero. Any instance of cheating or plagiarism will result in failing grade (zero credit). Other consequences may apply depending on the severity of the violation. I will adhere to the university policy very closely. Students are fully responsible for learning the content of this course and any material disseminated in the class or thru NKU s online learning system (blackboard). You are not released from this responsibility because of absences. See the NKU Code of Student Rights and Responsibilities at for further details. The College of Business has, in addition, its own Code of Student Conduct, created by student organizations. Please visit the College website at The Department of Accountancy has an Academic Integrity policy that is applicable to all students in Accounting and Business Law classes. The policy is available at Turnitin.com The University maintains a site license for Turnitin.com, a worldwide plagiarism prevention system. In this course, you may be required to electronically submit written assignments to Turnitin.com. Once your written assignment is submitted and analyzed, you can view or print a report that highlights any passages that could potentially be considered plagiarized material. In other words, Turnitin.com can be used as a tool to help you prevent accusations that you plagiarized material. Turnitin is integrated into Blackboard and you may find more information about the use of Turitin.com within Blackboard. Disability Services: Students with disabilities who require accommodations (academic adjustments, auxiliary aids or services) for this course must register with the Disability Services Office. Please contact the Disability Service Office immediately in the University Center, Suite 320 or call for more information. Verification of your disability is required in the Disability Services Office for you to receive reasonable

4 academic accommodations. Visit the Disability Services website at Changes in the Syllabus: All dates and assignments in this syllabus are subject to change at the discretion of the instructor. Every effort will be made to provide these changes to the class in writing. Verbal notification at any regularly scheduled class meeting, however, or through any of the established means of communication such as , blackboard, phone, or update of online syllabus will constitute sufficient notice. Please have your cell phone, watch alarm, and/or any other sound devices turned off during class sessions in order to minimize class interruptions. Important Dates: January 8 (Mon.) Classes begin; $25.00 late registration fee assessed January 15 (Mon.) January 16 (Tues.) January 29 (Mon.) February 19 (Mon.) February 26 (Mon.) Martin Luther King Day University Closed/No Classes Last day to register or enter a course Last day to drop with a 100% tuition adjustment Last day to change grading option (letter grade, audit, pass-fail) Last day to drop a course without a grade appearing on a student's transcript. Last day to drop a course with a 50% tuition President s Day University Open/Classes Held Faculty begin submitting mid-term grades for freshmen Freshmen and academic advisors may access mid-term grades March 2 (Fri.) Last day to remove incomplete grades from Fall 2006 March 3 (Sat.) Midterm March 5-10 Spring Break - University Open/No Classes (Mon. Sat.) March 26 (Mon.) Last day to drop a course with a grade of W Last day for the submission of appeals to Bursar concerning refund policy Last day for freshmen to access mid-term grades April 9 (Mon.) Deadline for filing application for degree candidacy for Summer and Fall 2007 graduation with the Office of the Registrar, AC 301

5 April 27 (Fri.) April 28 May 4 (Sat. Fri.) May 4 (Fri.) Last day of classes Final examinations Commencement

6 Fraud Examination CLASS SCHEDULE Class Topic (Chapter) 1 Ground Rules & Introduction to Fraud Examination (1) 2 Skimming (2) 3 Cash Larceny (3) & Guest Speaker 4 Check Tampering (5) & Guest Speaker 5 Register Disbursement Schemes (8) & Guest Speaker 6 Payroll Schemes (6) 7 Computer Fraud/Recovery Techniques & Guest Speaker 8 Billing Schemes (4) & Mid-term Review 9 Mid-Term Exam 10 Expense Reimbursement Schemes (7) 11 Non-Cash Asset Misappropriation (9) 12 Corruption (10)/Going to Court & Guest Speaker 13 Occupational Fraud & Abuse (14) & Guest Speaker 14 Accounting Principles Fraud (11) 15 Fraudulent Financial Statements (12) 16 Interviewing Techniques (13) 17 Final Exam