200 likes | 441 Views
Accounting Fraud & Forensics Tutorial. Overview. Competition Format. Research Skills. Presentation Structure. Important Dates. Saturday 25th May. Cases to be emailed to teams. Sunday 26th May. PowerPoint slides due Preliminary Presentation Day. Monday 27th May. Final Presentation.
E N D
Overview Competition Format Research Skills Presentation Structure
Important Dates Saturday 25th May • Cases to be emailed to teams Sunday 26th May • PowerPoint slides due • Preliminary Presentation Day Monday 27th May • Final Presentation
How the competition works Division A Division B Division C Division D Winner Winner Winner Winner Final Round 4 Teams
Presentation Format PowerPoint Presentation 10 Minutes Presentation 10 Minutes Q&A
Case Information Expansion Project Company Information Short Case Suggested Research Sources Suggested Risks
What do teams prepare? 1 Identify fraud risks 2 Outline impact on the company/project 3 Propose mitigation strategies 4 Make a recommendation on the project
Academic sources • Allocate tasks • Make a timeline Internet Researched Based Competition • No ‘right’ answer • All about justification Time Management Analysis
Motivation What is fraud? Opportunity Rationalisation
Financial pressure • Need or greed • Position to commit fraud Motivation The Fraud Triangle • “Borrow” vs “Steal” • I will pay it back Opportunity Rationalisation
Types of Fraud: Overview Corruption Asset Misappropriation Financial Statement Fraud
Types of Fraud: Corruption Conflicts of Interest Bribery Illegal Gratuities Economic Extortion
Cash Non-Cash Types of Fraud: Asset Misappropriation Theft Misuse Fraudulent Disbursements Larceny
Financial Non-Financial Types of Fraud: Fraudulent Statements Asset/Revenue Overstatements Employment Credentials Fictious Revenues Internal and External Documents
Identify the risk Fraud detection Key Areas of Research Fraud prevention Responding to fraud
Evaluating the extent of fraud risk Who are the victims? Detected or undetected? Financial & non-financial costs Preventability
No set structure but we have provided a recommendation Presentation • Slides due Sunday morning Structure Slides
Recommended Structure Introduction Outline Risks Mitigation Strategies Conclusion Recommendation Financial Analysis
Presentation Tips 1 All members must speak 2 Speak slowly and clearly 3 Keep slides simple 4 Use colour, pictures & diagrams
Conclusion 1 Must register & pay for MCC 2 Presentation times will be emailed 3 Email: accounting.events@uoamcc.co.nz