FAC723 - Fraud and the Business Environment

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Last revision date May 25, 2020 12:06:53 AM
Last review date Aug 3, 2020 12:15:01 AM

Subject Title
Fraud and the Business Environment

Subject Description
All fraud investigations involve the scrutiny and analysis of financial information, usually in the context of the business environment. In this course, basic accounting concepts will be revisited, and the roles of various "stakeholders" in combating fraud and the potential fraud and other financial wrongdoings will be examined. In addition, the course will identify "fraud rich" environments that may inherently have a greater susceptibility for wrongdoing, and will look at society's demands for systemic change.

Credit Status
One Credit of the professional requirements in the post-graduate Certificate Programs in Fraud Examination and Forensic Accounting.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Define and explain the nature of accounting and Generally Accepted Accounting Practices.

2. Define Corporate Governance as prescribed by the Canada Business Corporations Act and similar legislation.

3. Analyze and describe appropriate forms of corporate structure and explain the roles of various committees of Boards of Directors.

4. Demonstrate an understanding of the need for professional ethics and independence in the performance of audits by reviewing and assessing various Codes of Conduct currently in use.

5. Explain how to identify and minimize potential conflicts of interest in the business environment.

6. Outline the responsibilities of Corporate Directors and Management in protecting the rights and interests of corporate stakeholders, including shareholders, investors, employees, and customers.

7. Describe the "Fraud Rich" environments that exist in Growth Companies, Downsizing Activities, and Distressed Companies.

8. Develop an understanding of Society demands for systemic changes in financial reporting.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.