Forensic Business Processes (ACCT90026)

Graduate courseworkPoints: 12.5Not available in 2021

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Overview

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This subject introduces students to the field of forensic accounting. The subject examines in-depth the elements of forensic accounting investigations in the context of the Australian legal system. Specific issues in dispute analysis are covered including, the quantification of loss, business valuation in the context of disputes, and the preparation of expert witness reports. The legal underpinnings of forensic accounting investigations, such torts, contract law and the law of the expert witness are reviewed. Further, the subject covers the role of the forensic accountant in the investigation of fraud and the management of fraud risk within organisations, including both fraud prevention and detection.

 

Intended learning outcomes

On successful completion of this subject, students should be able to:



  • Describe the role of the forensic accountant in fraud investigations and dispute analysis;
  • Explain the legal requirements and practice considerations of acting as an expert witness;
  • Describe the Australian legal framework for fraud investigations and dispute analysis;
  • Explain the procedures for collecting evidence that are consistent with the requirements of courts of law in Australia;
  • Explain and analyse governance mechanisms and accountability frameworks for the prevention of fraud;
  • Explain and apply fraud detection mechanisms; and
  • Apply the knowledge gained throughout this subject to analyse case studies and produce practical and effective recommendations for the conduct of investigative cases in business forensics.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Ability to understand legislation and legal processes across Australia's legal jurisdictions;
  • Investigative skills in relation to the recognition and collection of evidence;
  • Understanding of the role and procedural relationship between legal practitioners and regulatory authorities;
  • Oral and written communication skills specific to investigative processes; and
  • Critical thinking.

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

Admission into the MC-MGMTAFN Master of Management (Accounting and Finance)

OR

Code Name Teaching period Credit Points
ACCT90004 Accounting for Decision Making
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 1 (Dual-Delivery - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 3 November 2022

Assessment

DescriptionTimingPercentage

Group assignment (normally in groups of 2-3 students)

  • 5000 words
Late in the teaching period20%

Seminar preparation and participation (10%)

10%

End-of-semester examination

  • 3 hours
Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam.		During the examination period70%

Last updated: 3 November 2022

Quotas apply to this subject

Dates & times

Not available in 2021

Time commitment details

Estimated total time commitment of 170 hours per semester

Last updated: 3 November 2022

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Management (Accounting)
    CourseMaster of Management (Accounting and Finance)
  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 3 November 2022