Schedule

Module 1

• Course Content
• Course Meeting Times
• Required and Optional Texts
• Grades and Grading
• Making Presentations

Module 1

• The Seriousness of fraud
• The definition of fraud
• The different types of fraud
• Fraud against organizations
• Fraud on behalf of organizations
• Criminal and civil fraud law
• Fraud fighting careers

Module 2

• Who commits fraud
• Why people commit fraud
• The fraud triangle
• The fraud scale
• How pressure contributes to fraud
• Why opportunity is necessary – Why people rationalize fraud
• How people are recruited to commit fraud

ACFE. (2017). CFE Employer Brochure. In: Austin, Texas, USA: Association of Certified Fraud Examiners.

ACFE. (2016). REPORT TO THE NATIONS ON OCCUPATIONAL FRAUD AND ABUSE 2016 GLOBAL FRAUD STUDY. Retrieved from http://www.acfe.com/rttn2016.aspx

You will need to submit the results to Canvas to earn class credit.

Module 1

• Different fraud defense methods
• Importance of fraud prevention
• Create a culture of honesty
• Hire right to reduce risks
• Assess and mitigate fraud
• Detect fraud early
• Approaches to fraud investigation
• Options for legal action (US perspective)

Ramos, M. (2003). Auditors’ Responsibility for Fraud Detection. – SAS no. 99 introduces a new era in auditors’ requirements. Journal of Accountancy.

The class will break into teams of three. We have thirty-five students enrolled, so there will be on team of two.

Analyze a well known fraud based on what we have learned about fraud to date. We will present our analysis in class on February 24, 2018.

Video: https://www.youtube.com/watch?v=ayxfblOyUBY (3:56) Presentation Skills – 01

Bauman, Y. (Producer). (2007, January 5, 2017). Principles of economics, translated. [Video] Retrieved from https://www.youtube.com/watch?v=VVp8UGjECt4

Bauman, Y. (Producer). (2007, January 5, 2017). Principles of economics, translated. [Video] Retrieved from https://www.youtube.com/watch?v=VVp8UGjECt4

Jefferys, J. D. (Producer). (2006). Enhancing Your Presentation Skills (Killer Presentation Skills). [Video] Retrieved from https://www.youtube.com/watch?v=whTwjG4ZIJg

We will review two major ways organizations can work to prevent fraud. These are culture change and reducing or eliminating the opportunities for fraud.

This lecture will review:

• Creating a culture of honesty, openness, and assistance.
• Eliminating opportunities for fraud
• Effective organizations and how they minimize fraud
• The importance of proactive fraud auditing
• The importance of a comprehensive approach to fraud detection and prevention

Auditors’ Responsibility for Fraud Detection.

We will use the training program from the ACL training site. You will need to submit the results from the training to Canvas for credit.

You will need to submit the results from the training to Canvas for credit.

Team 01 – 09:00 – 09:10
Team 02 – 09:10 – 09:20
Team 03 – 09:20 – 09:30
Team 04 – 09:30 – 09:40
Team 05 – 09:40 – 09:50
Team 06 – 09:50 – 10:00

When you pass the related CPE exam (with 70% or higher), you’ll earn a handy 3 CPE credits.

Team 07 – 11:30 – 11:40
Team 08 – 11:40 – 11:50
Team 09 – 11:50 – 12:00
Team 10 – 12:00 – 12:10

SANS Security Policy Templates

SANS (short for SysAdmin, Audit, Network, and Security) is a private company that specializes in information security practices and training. (“SANS Institute”)  As a resource for people attending training courses, the SANS community developed a collection of common security policies that are available for no cost to use as a template for IS policy development. (“SANS – Information Security Policy Templates”)  According to the site located at www.sans.org/security-resources/policies, the resource is treated as a living document as policies are continually added, updated, and retired.  The policies are classified into five main categories (“SANS – Information Security Policy Templates”):

• General – contains policies such as general use, email, ethics, password policies, etc.
• Network Security – policies that deal with the network such as wireless, bluetooth, remote access, etc.
• Server Security – policies include lab, workstation, technology disposal, etc.
• Application Security – web application security policy
• Old/Retired – includes examples of policies that are no longer maintained such as dial in, removable media, anti-virus policies, etc.

Each template is provided in a downloadable format that provides for easy revision.  As an example, review of the Web Application Security Policy template outlines the policy for how security assessments will be performed, who can perform them, what tools are approved for use, distribution of results, and remediation responsibilities. (“Web Application Security Policy”)

References:

“SANS Institute”. En.wikipedia.org. N.p., 2017. Web. 17 Feb. 2017.

“SANS – Information Security Policy Templates”. Sans.org. N.p., 2017. Web. 17 Feb. 2017.

“Web Application Security Policy”. Sans.org. N.p., 2014. Web. 17 Feb. 2017.

When you pass the related CPE exam (with 70% or higher), you’ll earn a handy 3 CPE credits.

• Understand how symptoms help in the detection of fraud.
• Identify and understand accounting symptoms of fraud.
• Describe internal controls that help deter and detect fraud.
• Identify and understand analytical symptoms of fraud.
• Explain how lifestyle changes help detect fraud.
• Discuss how behavioral symptoms help detect fraud.
• Recognize the importance of tips and complaints as fraud symptoms.

Hoffman, C. (2013). Detecting Accounting Anomalies Using Structured Information. In: Digital Financial Reporting (XBRLSITE.COM).

Detecting Accounting Anomalies (Local Copy)

Coderre Ch 6

Coderre Ch 6

Plus, when you pass the related CPE exam (with 70% or higher), you’ll earn a handy 2 CPE credits.

Please note that this course is not supported in a unicode environment.

Each case study emphasizes a different aspect of the data analysis cycle and includes 7-10 tests in the areas of:

• Sales commissions
• Accounts payable
• Procurement cards
• Travel & entertainment

Please note that this course is not supported in a unicode environment.

Each case study emphasizes a different aspect of the data analysis cycle and includes 7-10 tests in the areas of:

• Sales commissions
• Accounts payable
• Procurement cards
• Travel & entertainment

• How do perpetrators convert and spend stolen funds.
• Government records can assist in the following the financial tracks of the suspected perpetrators.
• The Internet represents a valuable tool to assist in fraud investigations.
• Perform net worth calculations on suspected fraud perpetrators and understand how net worth calculators are effective in court and used to obtain confessions.

I will be travelling on business. As such, Mr. Mike Green will be leading the class this week. Mr. Green has a broad and deep background in cybersecurity, fraud and criminal investigation.

Currently, Mike is Deputy CISO for ExpressScripts.  Express Scripts Holding Company is an American Fortune 100 company. As of 2017, the company is the 22nd-largest in the United States as well as the largest pharmacy benefit management organization in the United States. Express Scripts had 2016 revenues of $100.752 billion.

Credit Card Fraud