Handbook home
Business Forensics and Fraud (ACCT20006)
Undergraduate level 2Points: 12.5Not available in 2022
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
Overview
| Fees | Look up fees |
|---|
This subject considers business fraud and forensic processes from an accounting perspective. The subject introduces students to various types of fraud, considering recent trends in fraudulent business activities both within Australia and globally. Regulatory requirements and best practice procedures for the design of fraud management (prevention) programs are considered and the latest in fraud detection methods (with an emphasis on information technology tools) are evaluated. The subject also considers the role of accounting in fraud and other business forensic investigations in the context of the Australian legal framework including: methods for obtaining and controlling evidence; conducting investigations; quantifying loss and damage; and the presentation of evidence in court as an expert witness.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Define fraud
- Explain and describe different types of fraud and fraud schemes
- Describe recent fraud trends in the Australian and broader international context
- Recommend corporate governance measures and accountability frameworks that can be used in the prevention of fraud
- Explain and apply fraud detection processes
- Explain the law of evidence as it applies within the Australian corporate regulatory framework
- Explain forensic processes for fraud investigation including the identification of relevant information and facts to be used to quantify loss and damage in cases involving a civil wrong or breach of contract
- Describe the key elements of an expert witness report
Generic skills
- High level of development: written communication; oral communication; collaborative learning; team work; problem solving; application of theory to practice; critical thinking; interpretation and analysis;
- Moderate level of development: accessing data and other information from a range of sources; synthesis of data and other information; evaluation of data and other information.
- Some level of development: use of computer software; statistical reasoning; receptiveness to alternative ideas.
Last updated: 6 December 2023
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ACCT10002 | Introductory Financial Accounting |
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 1 (Dual-Delivery - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
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: 6 December 2023
Assessment
| Description | Timing | Percentage |
|---|---|---|
Group assignment (normally in groups of 3-4 students)
| End of semester | 20% |
Seminar preparation and participation | Throughout the semester | 10% |
End-of-semester exam
| During the examination period | 70% |
Last updated: 6 December 2023
Quotas apply to this subject
Dates & times
Not available in 2022
Time commitment details
170 Hours
Additional delivery details
This subject has an enrolment quota:
- 35 places available only
- Enrolments will be taken on a first-come, first-served basis
- Your initial enrolment in the Student Portal will only be provisional
Last updated: 6 December 2023
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Breadth Track Forensic Accounting - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- 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: 6 December 2023