Test Bank for Forensic and Investigative Accounting, 9th Edition by D Larry Crumbley - Chapters 1-0, 9780808053224 Rationals Included 2

PRINCE ABUBAKAR
AUDU UNIVERSITY, A f f




NYIGBA


DEPARTMENT OF ACCOUNTING f f




FORENSIC ACCOUNTING f




LECTURE NOTE f




Lecturer: Dr. S. A. Adediran
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1

, COURSE OUTLINE f




Course Code: ACC 424f f f




Course Title: Forensic Accounting
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Week 1 & 2: Definition of forensic Accounting and history of forensic Accounting We
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ek 3 : Fraud and Types of fraud
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Week 4 &5: Fraud prevention methods
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Week 6 & 7 Fraud detection through fraud symptoms
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Week 8: Fraud investigation: Theft act investigative methods
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Week 9: Concealment investigative methods
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Week 10: Conversion investigative methods
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Week 11: Interview and inquiry investigative methods Week
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12: Legal follow-up
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Week 13: Revision and Case study
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2

, Grading system f




Marks

Continuous Assessment: f




Attendance 5

Assignment 10

Test 15 30

Examination 60
100



The examination will comprise of six questions while students will answe
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r four. Attendance requirement for examination is between 75% and 10
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0%



Recommended Texts f




Simon,A.& Audu, F. (2021).Forensic approach to auditing,Uniam and
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company Nig Ltd. f f




Zimbelman, M.F.,& Albrecht,C.C. (2012).Forensic accounting, 4th edit
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ion. Canada, Nelson Education
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Okoye, Emma.I., Maimako, Sabastain S.,Jugu, Yohanna G,&Jat, Rauta B.(2017).
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Principles of fraud investigation and forensic accounting . SCOA Heritage Nig Ltd
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3

, DEFINITIONSfOFfFORENSICfACCOUNTING

Therefhasfbeenfquitefafnumberfoffdefinitionsfoffforensicfauditfandfallfoffthemfworkingftowardsfdetect
ionfandfreportingfofffraudulentfactsfthatfcouldfbefsubmittedftofcourtfofflawforfanyfotherfauthorityfasfev
idencefinfafcase.fThefwordf"Forensic"fmeansf"suitablefforfusefinfafcourtfofflaw

Forensicfaccountingfisfsimplyfdefinedfasfthefusefoffaccountingfskillsftofinvestigateffraudforfe
mbezzlementfandftofanalyseffinancialfinformationfforfusefinflegalfproceedings.

Forensic accounting is a specialty practice area where accounting, auditing and investigati
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ve skills are used to analyse information that is suitable for use in a court of law.
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Infhisfownfwords,fMessierf(1999)fstatedfthatfafforensicfauditfpurposefinfthefdetectionforfdeterrencefoff
afwidefvarietyfofffraudulentfactivities.fVasudevansf(2004)fopinedfthatfforensicfauditingfaimsfatflegalf
determinationfoffwhetherffraudfhasfactuallyfoccurred.fInfthefprocess,fitf alsofaimsfatfnamingfthefperso
n(s)finvolvedf(withfafviewftoftakingflegalfactions).fItfputffraudfatfthefforefrontfoffthefauditor’sfmind.

Meyrickf(2008)fdefinedfforensicfauditingfasfthefprocessfoffgatheringfandfreportingfonfdata,finfafpre-
definedfcontext,fforfthefpurposefofffindingffactfand/orfevidencefinfthefcontextfofffinancial/legalfdispu
tesfand/orfirregularitiesfandfgivingfpreventivefadvicefinfthisfarea.

Byfforensicfevidence,fthisfisfthefevidencefusablefinfafcourt,fespeciallyfthefonefobtainedfbyfscientificf
methodsfsuchfasfballistics,fbloodftestfandfDNAftest.

Atfthisfpoint,fonefcanfsayfthatfFORENSICfAUDITINGfisfthefindependentfexaminationfandfreporting
offfindingsfthefcorrectnessfofftransactionsforfactivities,fbefitffinancialforfnon-
f



financialfwithfafviewftofgatheringfevidencefasftofwhetherffraudsforfirregularitiesfhavefoccurredfwhich
couldfbeftenderedfatflawfcourtfandfatfthefsameftimefliftingfthefveilfoffincorporationfinfthefcasefoffcorp
f



oratefentitiesforfnamingfthefperson(s)fbehindftheffraudsforfirregularities,fwithfequalfviewftofprosecuti
ngfthemflegallyfatfafcourt.fItfisfafformfoffinvestigationfintofunveilingffraudulentfact(s).




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