Introducing students to the application of forensic accounting methods with the aim of recognizing and detecting business manipulations and frauds, in accordance with accounting standards and legal regulations.
The nature, objectives and key principles of financial forensics, Fraud prevention and detection techniques, Business fraud schemes, Bankruptcy fraud, Deceiving the customer, Tax and other duty evasion, Legal regulation and institutions aimed at combating fraud, Fraud risk assessment, Digital forensic techniques, Data sources and analytics, Creative accounting and financial statements, Business valuation and control models, Preparation for forensic investigations, Analytical procedures, techniques and models in forensic research (Data mining, Bendford's law, Beneish M-Score, Relative Size Factor test - RSF test), Forensic analysis (of businesses, business partners, personal property), Analysis of case studies from business practice
1. Demonstrate an understanding of the role of financial forensics in specific engagement environments, including fraud, bankruptcy, digital forensics, marital disputes, financial statement misrepresentation, damages, and valuation,
2. Assess the credibility of financial statements of business entities,
3. Use various data sources with the aim of creating an information base on the analyzed subject,
4. Apply asset and liability valuation models in forensic analysis procedures,
5. Identify relevant normative provisions relating to the subject of forensic analysis,
6. Classify and analyze relevant data with the aim of detecting fraud indicators
