Students

ACCG2067 – Foundations of Forensic and Data Analytics

2021 – Session 1, Special circumstances

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.

General Information

Download as PDF
Unit convenor and teaching staff Unit convenor and teaching staff
Rahat Munir
Credit points Credit points
10
Prerequisites Prerequisites
50cp at 1000 level or above
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit introduces students to the practice and procedures of forensic accounting and the important role played by the forensic accountant in the legal and business environment. Students will be exposed to the theory and principles of application, of data analytics skills and techniques in relation to fraud detection, fraud and risk exposures, dispute resolution, cyber and financial crimes and legal obligations and processes. The unit aims to develop in students an appreciation of how the application of forensic and data analytics skills and strategies are essential to the role of the forensic accountant as an expert witness and professional advisor.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://students.mq.edu.au/important-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants.
  • ULO2: Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process.
  • ULO3: Develop awareness of issues and key principles of professional digital forensic practice, including chain of custody and best practice procedures.
  • ULO4: Understand the theory, and principles of application, of data analytics skills and techniques to forensic accounting.
  • ULO5: Recognise mechanisms to uncover or recover evidence from digital devices to support litigation and investigations.

General Assessment Information

Late Submission(s) of Assessment: Where assessment is to be submitted through Turnitin, late assessment must also, where applicable, be submitted through Turnitin. No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission incurs a 20% penalty). Late submissions will not be accepted after solutions have been discussed and/or made available. This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.

Assessment Tasks

Name Weighting Hurdle Due
Group Assignment 45% No Wednesday, 26th May 2021 (2PM)
Class Test 25% No Saturday, 24 April 2021 (10AM)
Assessed Coursework 30% No Week 2, Week 4, Week 6, Week 8, Week 9, Week 10, Week 12

Group Assignment

Assessment Type 1: Report
Indicative Time on Task 2: 25 hours
Due: Wednesday, 26th May 2021 (2PM)
Weighting: 45%

Students are required to complete a group report assignment consisting of individual and group components. Details regarding the nature of the assignment and its requirements will be made available on iLearn early in the session. The properties on which the assessment task is will be assessed are as follows:

Application of knowledge and skills Quality of reasoning and appropriate application of data analytic techniques Quality of communication and presentation of assignment

The Unit Assessment Guide provides standards and a grading rubric for this assessment task.


On successful completion you will be able to:
  • Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants.
  • Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process.
  • Develop awareness of issues and key principles of professional digital forensic practice, including chain of custody and best practice procedures.
  • Understand the theory, and principles of application, of data analytics skills and techniques to forensic accounting.
  • Recognise mechanisms to uncover or recover evidence from digital devices to support litigation and investigations.

Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Saturday, 24 April 2021 (10AM)
Weighting: 25%

The purpose of the diagnostic test is to provide students with feedback on their knowledge and application of the material using a formative assessment task early in the session. The test will be marked based on the appropriate application of knowledge and skills to short answer and case based questions.


On successful completion you will be able to:
  • Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants.
  • Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process.
  • Understand the theory, and principles of application, of data analytics skills and techniques to forensic accounting.

Assessed Coursework

Assessment Type 1: Participatory task
Indicative Time on Task 2: 14 hours
Due: Week 2, Week 4, Week 6, Week 8, Week 9, Week 10, Week 12
Weighting: 30%

Students are required to complete regular assessed coursework activities consisting of seven homework submissions. Details on homework questions coverage will be provided in the Unit Weekly Guide available on iLearn. Homework submissions activities are designed to encourage students to actively engage with the Unit material and to provide students with timely feedback on their performance throughout the session. Homework submissions will be marked on the basis of original effort. The marking criteria to be applied to homework submissions is provided in the Unit Assessment Guide available on iLearn. Each homework submission is equally weighted and the best 5 of 7 homework submissions will count towards your homework submission marks.


On successful completion you will be able to:
  • Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants.
  • Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process.
  • Develop awareness of issues and key principles of professional digital forensic practice, including chain of custody and best practice procedures.
  • Recognise mechanisms to uncover or recover evidence from digital devices to support litigation and investigations.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Learning Skills Unit for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

This is an online unit. Details of assessments and online forums will be available on iLearn.

Unit Schedule

Unit Schedule

WEEK

LEARNING OBJECTIVE

CONTENT

READINGS

1

LO1: Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants

Overview of the Australian Legal System

How Law is Made

What the Law Deals With

Government in Australia

The Legislature

The Executive

The Judiciary

The Legal Profession

Hearsay

Opinion

Standard of Proof

Australian legal system [online]. HOT TOPICS, No. 79, 2011: 1-28

 

Evidence Act 1995 (Cth) extracts:

  • Part 3.2 Hearsay: s. 59, s. 60, s. 63, s. 64, s. 69, s. 71
  • Part 3.3 Opinion: s. 76, s. 78, s. 79
  • Part 4.1 Standard of Proof: s. 140, s. 141

 

2

LO1: Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants

The Role of The Expert

Existence of Formal Qualifications

Australia’s Uniform Evidence Legislation

The Opinion Rule

The Admissibility Regime

Specialised Knowledge

Fields of Expertise

Expert Evidence and Hearsay

Certificates of Expert Evidence

Expert evidence. (n.d.), Chapter 2 - Common Law Evidentiary Rules (selected sections only)

 

Expert evidence. (n.d.), Chapter 3 - Statutory Evidentiary Rules (selected sections only) 

3

LO1: Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants

Duties and Responsibilities

The Expert’s Testimony

Rules of Evidence

Expert Witness Code of Conduct

R. Hoffman, W. Finney, Ph. Cox & K, Cooper, The Accountant as an Expert Witness: A basic guide to forensic accounting - Chapter 2: Overview - the legal framework (CCH Australia Limited, 2007)

 

Schedule 7 – Expert Witness Code of Conduct Uniform Civil Procedure Rules 2005 (NSW)

4

LO2: Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process

Introduction to Fraud

Types of Fraud

The Need for Analysis Tools

Forensic Accounting and Fraud Investigation for Non-Experts, H. Silverstone and M. Sheetz, Chapter 2, Fraud in Society

5

LO2: Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process

APES 215

Investigations: planning the scope and structure

APES215

Forensic Accounting, R. Rufus and others, Chapter 7 Conducting a Fraud Investigation

6

LO2: Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process

Case management

Reporting the findings

Closing the investigation

Corruption in Focus, Crime and Corruption Commission, Chapter 6 Planning an investigation (2016)

MID-SEMESTER BREAK

7

LO3: Develop awareness of issues and key principles of professional digital forensic practice, including chain of custody and best practice procedures

 

Computers

Forensic IT

Digital forensics lab

Software used by Forensic IT

Conducting computer forensics investigations

PricewaterhouseCoopers, Electronic evidence - What if there’s no paper trail? (2008)

 

J. Brozovsky and J. Luo, Digital forensics: a new challenge for accounting professionals (Strategic Finance, 2013)

 

R. Kardell, Analysis of digital financial data (FBI Law Enforcement Bulletin, 2011)

8

LO3: Develop awareness of issues and key principles of professional digital forensic practice, including chain of custody and best practice procedures

Critical Steps in Gathering Evidence

Chain of Custody

Evidence Created

Introduction to Digital Forensics

A Guide to Forensic Accounting Investigation, W. Kenyon and P. D. Tilton, Chapter 10, Building a Case: Gathering and Documenting Evidence

 

Essentials of Forensic Accounting, M. A. Crain and others, Chapter 11, Digital Forensics

9

LO4: Understand the theory, and principles of application, of data analytics skills and techniques to forensic accounting

 

Introduction to Financial Analysis

Key Ratios

Data Mining as an Analysis Tool

Forensic Accounting and Fraud Investigation for Non-Experts, H. Silverstone and M. Sheetz, Chapter 5, Fundamental Principles of Financial Analysis

10

LO4: Understand the theory, and principles of application, of data analytics skills and techniques to forensic accounting

Disbursement Fraud

Payroll Fraud

Fraud Risk Structure

Data Analysis

Data Mining Planning

The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems, L. W. Vona, Chapter 10, Disbursement Fraud

 

The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems, L. W. Vona, Chapter 12, Payroll Fraud

11

LO5: Recognise mechanisms to uncover or recover evidence from digital devices to support litigation and investigations.

 

 

Scientific Method and Digital Forensics

Digital Forensic Analysis

Data Gathering and Observation

Conclusions and Reporting

Handbook of Digital Forensics and Investigation, E. Casey, Chapter 2, Forensic Analysis

12

LO5: Diagnose and appraise mechanisms to uncover or recover evidence from digital devices to support litigation and investigations

 

Introduction to Electronic Discovery

Case Management

Identification of Electronic Data

Forensic Preservation of Data

Data Processing

Production of Electronic Data

Handbook of Digital Forensics and Investigation, E. Casey, Chapter 3, Electronic Discovery

13

Revision

 

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Enquiry Service

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

Equity Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

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