Accounting Fraud & Forensics Tutorial

OverviewCompetition FormatResearch Presentation Conclusion Overview Competition Format Research Skills Presentation Structure

OverviewCompetition FormatResearch Presentation Conclusion  PowerPoint slides due  Preliminary Presentation Day Important Dates Saturday 25th May Sunday 26th May  Cases to be ed to teams  Final Presentation Monday 27th May

OverviewCompetition FormatResearch Presentation Conclusion How the competition works Division ADivision BDivision CDivision D Winner Final Round 4 Teams Winner

OverviewCompetition FormatResearch Presentation Conclusion Presentation Format PowerPoint Presentation 10 Minutes Presentation 10 Minutes Q&A

OverviewCompetition FormatResearch Presentation Conclusion Case Information Short Case Expansion Project Suggested Research Sources Company Information Suggested Risks

OverviewCompetition FormatResearch Presentation Conclusion Identify fraud risks What do teams prepare? 1 Outline impact on the company/project 2 Propose mitigation strategies 3 Make a recommendation on the project 4

OverviewCompetition FormatResearch Presentation Conclusion Researched Based Competition Academic sources Internet Allocate tasks Make a timeline Time Management No ‘right’ answer All about justification Analysis

OverviewCompetition FormatResearch Presentation Conclusion What is fraud? Motivation RationalisationOpportunity

OverviewCompetition FormatResearch Presentation Conclusion The Fraud Triangle Financial pre ssure Need or greed Motivation Position to commit fraud Opportunity “Borrow” vs “Steal” I will pay it back Rationalisation

OverviewCompetition FormatResearch Presentation Conclusion Types of Fraud: Overview Corruption Asset Misappropriation Financial Statement Fraud

OverviewCompetition FormatResearch Presentation Conclusion Types of Fraud: Corruption Conflicts of InterestBribery Illegal GratuitiesEconomic Extortion

OverviewCompetition FormatResearch Presentation Conclusion Types of Fraud: Asset Misappropriation Cash Theft Fraudulent Disbursements Non-Cash Misuse Larceny

OverviewCompetition FormatResearch Presentation Conclusion Types of Fraud: Fraudulent Statements Financial Asset/Revenue Overstatements Fictious Revenues Non-Financial Employment Credentials Internal and External Documents

OverviewCompetition FormatResearch Presentation Conclusion Key Areas of Research Identify the riskFraud detection Responding to fraud Fraud prevention

OverviewCompetition FormatResearch Presentation Conclusion Evaluating the extent of fraud risk Who are the victims? Detected or undetected? Financial & non-financial costs Preventability

OverviewCompetition FormatResearch Presentation Conclusion Presentation No set structure but we have provided a recommendation Structure Slides due Sunday morning Slides

OverviewCompetition FormatResearch Presentation Conclusion Recommended Structure IntroductionOutline Risks Mitigation Strategies Financial AnalysisRecommendationConclusion

OverviewCompetition FormatResearch Presentation Conclusion Presentation Tips All members must speak 1 Speak slowly and clearly 2 Keep slides simple 3 Use colour, pictures & diagrams 4

OverviewCompetition FormatResearch Presentation Conclusion Must register & pay for MCC 1 Presentation times will be ed 2 3