Accounting Fraud & Forensics Tutorial. OverviewCompetition FormatResearch Presentation Conclusion...
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Transcript of Accounting Fraud & Forensics Tutorial. OverviewCompetition FormatResearch Presentation Conclusion...
Accounting Fraud & Forensics Tutorial
Overview Competition Format Research Presentation Conclusion
Overview
Competition Format
Research SkillsPresentation
Structure
Overview Competition Format Research Presentation Conclusion
PowerPoint slides due Preliminary Presentation Day
Important Dates
Saturday 25th May
Sunday 26th May
Cases to be emailed to teams
Final PresentationMonday 27th May
Overview Competition Format Research Presentation Conclusion
How the competition works
Division A Division B Division C Division D
Winner Winner
Final Round4 Teams
Winner Winner
Overview Competition Format Research Presentation Conclusion
Presentation Format
PowerPoint Presentation
10 Minutes Presentation
10 Minutes Q&A
Overview Competition Format Research Presentation Conclusion
Case Information
Short Case
Expansion Project
Suggested Research Sources
Company Information
Suggested Risks
Overview Competition Format Research Presentation Conclusion
Identify fraud risks
What do teams prepare?
1
Outline impact on the company/project2
Propose mitigation strategies3
Make a recommendation on the project4
Overview Competition Format Research Presentation Conclusion
Researched Based Competition
• Academic sourcesInternet
• Allocate tasks• Make a timeline
Time Management
• No ‘right’ answer• All about justificationAnalysis
Overview Competition Format Research Presentation Conclusion
What is fraud?
Motivation
RationalisationOpportunity
Overview Competition Format Research Presentation Conclusion
The Fraud Triangle
• Financial pressure• Need or greedMotivation
• Position to commit fraudOpportunity
• “Borrow” vs “Steal”• I will pay it backRationalisation
Overview Competition Format Research Presentation Conclusion
Types of Fraud: Overview
Corruption Asset Misappropriation
Financial Statement Fraud
Overview Competition Format Research Presentation Conclusion
Types of Fraud: Corruption
Conflicts of Interest Bribery
Illegal Gratuities Economic Extortion
Overview Competition Format Research Presentation Conclusion
Types of Fraud: Asset Misappropriation
Cash
Theft
Fraudulent Disbursements
Non-Cash
Misuse
Larceny
Overview Competition Format Research Presentation Conclusion
Types of Fraud: Fraudulent Statements
Financial
Asset/Revenue Overstatements
Fictious Revenues
Non-Financial
Employment Credentials
Internal and External
Documents
Overview Competition Format Research Presentation Conclusion
Key Areas of Research
Identify the risk Fraud detection
Responding to fraudFraud prevention
Overview Competition Format Research Presentation Conclusion
Evaluating the extent of fraud risk
Who are the victims?
Detected or undetected?
Financial & non-financial
costsPreventability
Overview Competition Format Research Presentation Conclusion
Presentation
• No set structure but we have provided a recommendationStructure
• Slides due Sunday morningSlides
Overview Competition Format Research Presentation Conclusion
Recommended Structure
Introduction Outline Risks Mitigation Strategies
Financial AnalysisRecommendationConclusion
Overview Competition Format Research Presentation Conclusion
Presentation Tips
All members must speak1
Speak slowly and clearly2
Keep slides simple3
Use colour, pictures & diagrams4
Overview Competition Format Research Presentation Conclusion
Conclusion
Must register & pay for MCC1
Presentation times will be emailed2
Email: [email protected] 3
