Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.
To check the availability of face-to-face and online activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Stefan Williams
Contact via By email please
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
ACCG611 or ACCG6011 or (admission to MAdvProfAcc or MCyberSec or GradCertForAccg or GradDipForAccg or MForAccgFinCri)
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit examines issues relevant to forensic accounting and the role played by the forensic accountant in the legal and business context. It covers various techniques of financial fraud prevention, investigation and detection. Students will develop an understanding of the motivations for, and symptoms of, financial fraud. Topics include processes of evidence collection and evaluation, legal report writing, interviewing witnesses, fraud prevention, and an introduction to financial and data analysis processes. By the conclusion of the unit students will have gained essential forensic accounting skills. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
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Participation | 20% | No | All semester |
Class Test | 10% | No | 27/03/2021 |
Final Exam | 30% | No | Semester 1 Examination Period |
Assignment | 40% | No | 29/05/2021 |
Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: All semester
Weighting: 20%
This assessment involves evidence of preparation for, participation in, and contribution to the class and may include presentations, questions or written exercises.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: 27/03/2021
Weighting: 10%
The test will be held in class in the first half of the session. The test may include one, or a combination of, the following types of assessment: multiple-choice questions, true/false questions, short answer style questions.
Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: Semester 1 Examination Period
Weighting: 30%
A two-hour online examination (open book) will be held during the University Examination period.
Assessment Type 1: Report
Indicative Time on Task 2: 35 hours
Due: 29/05/2021
Weighting: 40%
This assessment will require students to investigate and analyse an aspect of the unit and identify and communicate findings, exercise judgement and develop research capability. This is a group assignment and involves both a written submission not exceeding 2000 words and a group presentation.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Rufus R J, Miller L S, and Hahn W - Forensic Accounting - Global Edition, 2015, Pearson.
Other resources:
Crain, M., Hopwood, W., Pacini, C., Young G. 2015. Essentials of forensic accounting. Wiley
ACIC, Serious Crime in Australia, December 2017, https://www.acic.gov.au/publications/ intelligence-products/serious-financial-crime-australia-2017
Topics / Classes |
Readings |
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Topic 1 CLASS 1 |
The field and practice of forensic accounting • Introduction • The legal, regulatory, professional environment, and ethics • Professional roles of fraud and forensic accounting professionals |
Rufus 1, 2
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Topic 2 CLASS 1 |
Fraud-related services • Types of fraud • Fraud detection, prevention, deterrence, investigation, remediation • Fraudulent financial reporting |
Rufus 6, 7 |
Topic 3 CLASS 2 |
Fraud-related services • Misappropriation of assets |
Rufus 6, 7 |
Topic 4 CLASS 2 |
Engagement management • Planning and managing an investigation • Case management and communication • Reporting and closure |
Crain 7 Rufus 3 |
Topic 5 CLASS 3 |
Evidence collection • Types of evidence • Documents • Interviewing • Evidence management
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Rufus 4 |
Topic 6 CLASS 3 |
Transforming Data into Evidence - Data Analysis • Financial transactions / Islamic finance • The role of data analysis • Data sources • Data analysis tools |
Rufus 8 |
Topic 7 CLASS 4 |
Financial analysis • Context of financial reporting • Foundations of financial analysis • Methods of financial analysis |
Rufus 5 |
Topic 8 CLASS 4 |
Transforming Data into Evidence - Data and Digital Analysis • Descriptive statistics • Methods for displaying data • Money laundering |
Rufus 8, 9 |
Topic 9 CLASS 5 |
Evidence analysis • Corporate intelligence • Big data • Digital forensics for accountants |
Rufus 4, 5 Crain 11 |
Topic 10 CLASS 5 |
Commercial and economic damages • Damages litigation • Damages calculation |
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Topic 11 CLASS 5 |
Business valuation • Valuation fundamentals • Financial analysis • Business valuation reports |
Rufus 11 |
Topic 12 CLASS 6 |
Accountant as an expert witness • Legal frameworks • Litigation support from accountants • Forensic accountants and the court |
Rufus 10 |
Topic 13 CLASS 6 |
Special topics: • Cyber crime • Crypto currencies
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Rufus 12 |
Review CLASS 7 |
Review of all topics covered in ACCG 8047 |
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Unit information based on version 2021.04 of the Handbook