Accounting Fraud & Forensics Tutorial. OverviewCompetition FormatResearch Presentation Conclusion...
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Transcript of Accounting Fraud & Forensics Tutorial. OverviewCompetition FormatResearch Presentation Conclusion...
![Page 1: Accounting Fraud & Forensics Tutorial. OverviewCompetition FormatResearch Presentation Conclusion Overview Competition Format Research Skills Presentation.](https://reader038.fdocuments.net/reader038/viewer/2022110206/56649cf65503460f949c5411/html5/thumbnails/1.jpg)
Accounting Fraud & Forensics Tutorial
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Overview Competition Format Research Presentation Conclusion
Overview
Competition Format
Research SkillsPresentation
Structure
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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
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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
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Overview Competition Format Research Presentation Conclusion
Presentation Format
PowerPoint Presentation
10 Minutes Presentation
10 Minutes Q&A
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Overview Competition Format Research Presentation Conclusion
Case Information
Short Case
Expansion Project
Suggested Research Sources
Company Information
Suggested Risks
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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
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Overview Competition Format Research Presentation Conclusion
Researched Based Competition
• Academic sourcesInternet
• Allocate tasks• Make a timeline
Time Management
• No ‘right’ answer• All about justificationAnalysis
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Overview Competition Format Research Presentation Conclusion
What is fraud?
Motivation
RationalisationOpportunity
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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
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Overview Competition Format Research Presentation Conclusion
Types of Fraud: Overview
Corruption Asset Misappropriation
Financial Statement Fraud
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Overview Competition Format Research Presentation Conclusion
Types of Fraud: Corruption
Conflicts of Interest Bribery
Illegal Gratuities Economic Extortion
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Overview Competition Format Research Presentation Conclusion
Types of Fraud: Asset Misappropriation
Cash
Theft
Fraudulent Disbursements
Non-Cash
Misuse
Larceny
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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
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Overview Competition Format Research Presentation Conclusion
Key Areas of Research
Identify the risk Fraud detection
Responding to fraudFraud prevention
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Overview Competition Format Research Presentation Conclusion
Evaluating the extent of fraud risk
Who are the victims?
Detected or undetected?
Financial & non-financial
costsPreventability
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Overview Competition Format Research Presentation Conclusion
Presentation
• No set structure but we have provided a recommendationStructure
• Slides due Sunday morningSlides
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Overview Competition Format Research Presentation Conclusion
Recommended Structure
Introduction Outline Risks Mitigation Strategies
Financial AnalysisRecommendationConclusion
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Overview Competition Format Research Presentation Conclusion
Presentation Tips
All members must speak1
Speak slowly and clearly2
Keep slides simple3
Use colour, pictures & diagrams4
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Overview Competition Format Research Presentation Conclusion
Conclusion
Must register & pay for MCC1
Presentation times will be emailed2
Email: [email protected] 3