Part I provides guidance the reader needs to assume a role in the design, implementation, evaluation and maintenance of a sound internal control structure. Part II explains why fraud occurs and how recognize and respond to it. It provides credible guidance from leading professional organizations to help the reader develop effective anti-fraud strategies. It contains case studies that demonstrate real life problems, checklists that evaluate the strength of fraud prevention and detection system, as well as a sample code of ethics, a fraud policy template, and an outline of fraud response plan. NOTE: This is a BookBoon publication and you have to provide your email address to access it. The book is free for students, but all others only get it free for 30 days and it requires a monthly subscription after that.
Type of Material:
Open (Access) Textbook
Recommended Uses:
Homework, Individual, self-paced, lecture, team
Technical Requirements:
Access via Internet browser, Chrome
Identify Major Learning Goals:
Learn about basic Forensic Accounting skills.
Understand fraud and discuss how it occurs.
Discuss fraud prevention and detection.
Assess fraud risk in companies.
Discuss common fraud schemes.
Target Student Population:
Upper-level accounting classes
Upper-level fraud accounting classes
Graduate-level accounting classes
Prerequisite Knowledge or Skills:
Basic knowledge of internal control principles.
Content Quality
Rating:
Strengths:
A lot could be learned in a short time.
The text has self-paced modules and self-tests.
The appendixes offer additional insights into the process.
Concept models are valid.
Content is generally complete.
The ebook and e-testing approach of this book are good for online learners.
Concerns:
Lacked depth and breadth of forensic accounting content.
An update including digital forensics and the use of Computer Aided Audit Technologies and Techniques should be in the main text.
The book does not cover CAATTs, which are used specifically by forensic accountants to determine monetary loss and to prove alternate hypotheses.
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
The teaching style is relatively appropriate.
The student could learn many concepts in a short period.
Students are able to cover material in a modular format.
The author presents various fraud examination concepts for discussion and self-testing.
Student learning could be enhanced by having a self-paced ebook with testing. The material is clearly laid out.
Student could learn a lot in a little time
Concerns:
Lacked interactive activities
Would be better if paired with a CATT and activities to complete in analytical software such as Tableau.The paywall on this asset is detrimental. It means that students must pay to get access to this content, which might not otherwise be available.
Ease of Use for Both Students and Faculty
Rating:
Strengths:
The author’s website is user-friendly.
Sections are easy to identify.
The content is clear and easy to understand once you get past the paywall
Concerns:
Website lacks colorful graphics, videos, and interactive quizzes/exercises that are needed to enrich content, and usability and to engage students.
The website also has a paywall that impedes use.
Creative Commons:
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