The final deliverable for the Course Project is a narrated presentation reflecting on:
I. Key Insights in each of these areas:
- The Fraud Triangle – What examples from the case study support:
a) Pressure(s) to commit unethical actions or fraudulent activities?
b) Opportunities due to weak internal controls or rewards for bad behavior?
c) Rationalization(s) by employees and key players that minimized the consequences of bad behavior?
- The Organizational Structure of LDC
- a) How did you evaluate the key players’ performance?
- b) How does the reporting relationships in the organization hinder fraud investigation?
- The Internal Control Environment and Ethical Culture
a) Identify weaknesses in the internal control systems.
b) What evidence exists that “doing the right thing” is expected (or not) by employees?
II. Recommendations to prevent, detect and investigate fraud in these areas:
- PASTURE #1: OUTLINE OF THE CASE (“WHAT IS GOING ON AT LDC?”)
Objective: The objective is to talk about LDC and identify the specific problems that exist there.
- PASTURE #2: REFLECTION ON WHAT WENT WRONG (“HOW DID WE GET HERE?”)
Objective: The objective is to identify the underlying factors that existed at LDC and that likely caused or contributed to the problems identified above.
- PASTURE #3: THE FINANCIAL REPORTING SUPPLY CHAIN
Objective: To evaluate each member of the financial reporting supply chain. Students will assess the overall performance of the key players in the case study.
- PASTURE #4. THE FINANCIAL REPORTING ENVIRONMENT (“HOW DOES THE SYSTEM WORK, AND HOW SHOULD IT WORK?”)
Objective: To explore the internal controls systems, the roles and responsibilities of the various key players particularly their inter dependencies and the ethical culture in the company
“This course examines the nature of occupational fraud, how it is committed, and introduces actions to detect it and procedures to deter it. The course also covers how to investigate allegations of fraud in order to meet requirements of civil and/or criminal court procedures. Also examined are ethics and governance in business as fraud-prevention tools. Coursework prepares students interested in earning the Certified Fraud Examiner (CFE) credential, examining tools and techniques for gathering evidence and information during fraud examinations”