Core Courses

• None

Elective Courses

• FFMCP Auditing Master Track
• FFMCP Accounting Master Track
• FFMCP Financial Management Master Track

Mandatory

Suggested

Introduction to Forensic Auditing

• Key Fraud Terms Defined
• The Relationship of a Normal Audit to Fraud
• Functions of a Forensic Audit
• Legal Roles of the Forensic Auditor
• The Fraud Triangle
• The Three Types of Fraud
• The Nature of Fraud
• Challenges to Detecting Fraud
• Profile of a Fraudster—Some Key Statistics
• The Fraudster's Journey
• The U.S. Government Environment
• Economic Impacts of Major Fraud
• Scope of Fraud Losses and Government Improper Payments
• Fraud Enablers

Federal Laws, Internal Controls, and Audit Standards Relating to Fraud

• Key Legislation to Combat Fraud, Waste, and Mismanagement
• Generally Accepted Government Auditing Standards (GAGAS)
• Other Fraud Entities or Organizations
• Internal Controls and Fraud

Assessing Fraud Risks

• The Foundation for Fraud Detection
• Fraud Risk Management Process
• Exercise: Fraud Risk Assessment

The Forensic Audit Process

• Planning Phase
• Forensic Audit Fieldwork and Testing Phase
• Primary Areas of Investigation
• Fraud Red Flags
• Data Mining
• Audit Report Phase

Understanding Fraud Schemes

• Fraud Identification and Detection Guidance
• Fraud Red Flags and Fraud Schemes
• Exercise: Forensic Auditing

Fraud Detection Capstone

• Exercise: Auditing Fraud Detection Techniques Capstone