AC 465 Entire Course New

Kalpan university AC 465 Unit 1 Assignment
Questions NEW
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Part 1:
1-1: Define fraud and identify a potentially
fraudulent situation.
1-3: Describe the services that a forensic
accountant might provide related to a
marital dispute.
1-5: Explain the theory of the fraud triangle.
1-8: Give examples of non-fraud forensic
and litigation advisory engagements.
1-10: Explain fraud examination
methodology.
Part 2:

Short Case: Respond to the questions
asked at the conclusion of the following
case:
What should Sue Evans do? Should she
contact the police? Should she hire an
external forensic accountant? How might a
forensic accountant help in this case?
Specifically, what could the forensic
accountant do that Sue’s internal auditors
could not do?

Exercises NEW
assignment-exercises-new
2-1
According to this chapter, what employment
trends are expected for professionals in the
fields of fraud examination and financial
forensics? Why?
2-3
What role do fraud examination and
financial forensic skills have in the
corporate governance area?
2-6
Other than accounting, which disciplines do
fraud examination and financial forensics

encompass?
2-7
What is the role of research in the fraud
examination and financial forensics
professions?
3-2
Compare and contrast Cressey’s and
Albrecht’s theories of crime causation.
3-6
Explain the relationship between an
employee’s position and the level of theft
(according to Hollinger and Clark’s
research).
3-8
Describe corporate governance breakdowns
in the facilitation of Enron’s fraudulent acts.
3-9
Identify ethical issues, conflicts of interest,
and noncompliance with corporate policies
and procedures in the Enron case.
Part 2:
Short Case: Respond to the questions

asked at the conclusion of the following
case:
Sarah Ferguson worked for Hawks
Consulting Group (HCG) as the executive
secretary in the administrative department
for nearly 10 years. Her apparent integrity
and dedication to her work earned her a
reputation as an outstanding employee and
resulted in increased responsibilities. Her
present responsibilities include making
arrangements for outside feasibility studies,
maintaining client files, working with
outside marketing consultants, initiating the
payment processes, and notifying the
accounting department of all openings or
closings of vendor accounts.
During Sarah’s first five years of
employment, HCG subcontracted all of its
feasibility and marketing studies through
Cambridge and Company. This relationship
was subsequently terminated because
Cambridge and Company merged with a

larger, more expensive consulting group. At
the time of termination, Sarah and her
supervisor were forced to select a new firm
to conduct HCG’s market research.
However, Sarah never informed the
accounting department that the Cambridge
and Company account had been closed.
Because her supervisor allowed Sarah to
sign the payment voucher for services
rendered, Sarah was able to continue to
process checks made payable to
Cambridge’s account. Because her
supervisor completely trusted her, he
allowed her to sign for all voucher payments
less than $10,000. The accounting
department continued to process the
payments, and Sarah would take
responsibility for distributing the payments.
Sarah opened a bank account in a nearby
city under the name of Cambridge and
Company, where she would make the
deposit. She paid all of her personal

expenses out of this account.
Assume that you have been hired by Hawks
Consulting Group to help detect and prevent
fraud.
What internal controls are missing in
Sarah’s company?
What opportunities gave Sarah the
opportunity to perpetrate the fraud?
How could this fraud have been detected?

Exercises NEW
4-1
What is the difference between a predator
and an “accidental fraudster?
4-2
Why does collusion pose unique prevention
and detection challenges?
4-4
Why is financial statement fraud often
considered a complex fraud?
4-8
What is the difference between tax
avoidance and tax evasion?

5-2
What is the difference between computer
fraud and computer crime?
5-7
How might a hacker access and manipulate
a computer for illegal purposes?
5-12
Why is Internet fraud particularly difficult to
police?
5-13
Which federal law enforcement agencies
investigate domestic Internet crimes?
Part 2
Does Taylor have a responsibility to report
the fraud?
If so, to whom should she report the fraud?
Assuming that the fraud has been
continuing for several years, what would be
the tax ramifications to the executives of not
reporting earnings on their tax returns?
Even through the money is from illegal
sources, are the executives required to

report the income on their yearly tax
returns?

Exercises NEW
assignment-exercises-newac-465-unit-5-
Exercise 7-2 Generally, how is the problem of
management override and collusion
addressed?
Exercise 7-3 What is the “expectations gap”?
Exercise 7-5 How is materiality determined?
Exercise 7-9 What are the similarities and
differences between analytical and accounting
anomalies?
Exercise 8-2 What are the challenges
associated with proving intent on the part of a
fraudster?

Exercise 8-5 What is meant by invigilation?
Exercise 8-6 How do witness interviewing and
interrogation differ?
Exercise 8-10 Where may fraud examiners
and forensic accountants find data?
Part 2: Short Case
How could you use invigilation to help you
determine whether inventory is being stolen
to be shipped to unknown locations? Briefly
explain how you would carry out this
investigative procedure.

Exercises NEW
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kaplan-university/ac-465-unit-6-assignment-
exercises-new
Part 1: Textbook: Complete and submit the
following questions for grading:
2 Why are interviews in fraudulent financial
statements and tax returns handled differently
than interviews in other fraud examinations?
3What are some suggested approaches for
conducting interviews?
9-5 Why are introductory questions so important
to an interview’s success?
9-9 What are some of the verbal clues to
deception?
9-10 What are some nonverbal clues to
deception?
10-1 What are the two major approaches for
testing IT system controls?

10-3 What is computer forensics?
10-10 How is case management software used
in an investigation?
Part 2: Short Case: Respond to the questions
asked at the conclusion of the following case:
Ron Welch, the purchasing manager for Dover
Corporation, is under suspicion for committing
fraud. Management believes Ron is accepting
kickbacks and bribes from various vendors. As
the company’s fraud expert, you are
investigating this possible fraud and are
preparing to interview Ron. You suspect that
Ron will be defensive and possibly hostile when
interviewed.
What investigation procedures should be
completed before your admission-seeking
interview with Ron?
If you find evidence that proves Ron is
committing fraud at Dover, what might Ron’s
initial reaction be when confronted?

Exercises NEW
11-2: What techniques are generally used
to conceal a receivables skimming scheme?
11-6: How are noncash assets
misappropriated?
11-7: What types of company assets are
typically misused?
11-8: How may the larceny of noncash
assets be prevented?
11-9: What is meant by inventory
“skrinkage?”
12-2: What is a shell company and how is it
formed?

12-5: What are the differences between
forged maker and forged endorsement
schemes?
12-7: What is a ghost employee, and what
are four steps needed to make such a
scheme work?
12-9: What red flags are commonly
associated with fictitious expense
schemes?
12-10: How do fraudulent disbursements at
the cash register differ from other register
frauds?
Part 2: Short Case:
Vikkie was the only accountant for a small-
town land development company. She was
terminated when the company fell on hard
times. One year later, when the owner of the
company was reviewing the payments
received from a land-owner for development
cost, he discovered that they were five
payments behind for a total of $150,000. He
contacted the land owner who showed him

the check stubs and cancelled checks. After
further research he found that the account
in which the checks were deposited
belonged to Vikkie, his former accountant.
What type of fraud did Vikkie commit?
What actions should be taken against
Vikkie?
How could this fraud have been prevented?

Exercises NEW
What are typical corporate governance
challenges faced by an SME doing cross-
border business? What could be done to
improve C&L’s system of checks and
balances?
There is a culture of offering entertainment
and kickbacks at C&L. What risks does this
pose to the company? Should a company
ever provide entertainment or kickbacks
when doing cross-border business?
Many of the problems the company faces
are related to Eddie Tse. How did he obtain

a position where he could do so much
damage to C&L? Where did the company go
wrong?
If you were Anthony Leng, what would you
have done differently? How could you have
prevented everything from spinning out of
control?

Exercises NEW
15-2
What are the different types of consulting
and litigation support activities for fraud and
forensic professionals?
15-3
What is included as an expert’s work
product?
15-4
What must an injured party prove to be
successful in a claim for damages?
15-5
What are the different types of commercial

damages?
16-1
What is meant by remediation?
16-3
What are the types of losses available for
recovery?
16-4
How does the legal system differentiate
between “following” versus “tracing” the
money?
16-9
What is a deposition and why is it used?
Part 2: Short Case: Respond to the
questions asked at the conclusion of the
following case:
What is the value of each partner’s share of
the business?What was the basis of your
evaluation of the partners’ share of the
business?

Course Reflections NEW
assignment-course-reflections-new
Reflect and describe which key concepts
and topics in this course have made you a
stronger candidate to enter the business
world.
Discuss how this course has affected you in
your professional development as a student
and as a person as well as encouraging you
on your academic path.

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