Financial Fraud and Market Surveillance
Students will gain an appreciation of the magnitude and impact of financial fraud and its consequences; an overview of common fraud schemes and their linkages to various business functions and processes; the relevant legal, regulatory and accounting standards; and controls to deter and detect fraud: auditing; investigation; and remediation. The course will cover fraud schemes involving revenue recognition, overstatement of assets and understatement of liabilities, concealment through off-balance sheet transactions and entities, internal and external misappropriation of assets, misconduct by senior management, as well as fraud unrelated to financial statements (eg. corruption).
- Prerequisite: A600, A610, and F600
- Cross-list: A727