Faculty
Office
Office hours
Vanessa Oltmann, MBA, CGA, CFI
Bldg 250, Room 453
Tues 4:30-5:30 Thurs 1:30-2:30
Other times by appointment
Telephone: 250 753-3245, loc 2190
Fax: 250 740-6551
Email: vanessa.oltmann@viu.ca
Web: http://web.viu.ca/oltmannv
Course Website: The Moodle course website can be accessed at http://moodle.viuonline.ca
This website includes course resources, team and general discussion forums, and a course schedule and syllabus.
Required Texts:  Association of Certified Forensic Investigators of Canada. ACFI Fraud
Manual, 5th Edition. ACFI, 2009.
 Coenen, Tracy L. Essentials of Corporate Fraud. John Wiley & Sons, Inc.
2008.
Additional Readings:
 Accountant's Handbook of Fraud and Commercial Crime (CICA). (VIU

Library)
Additional case studies, court judgment summaries, and other readings in contemporary fraud issues to be assigned
Summary: This course is designed to provide students with an exposure to fraud awareness, prevention and detection issues and strategies. This exploration of commercial crime and fraud topics in business will benefit students studying to become professionals in accounting, finance, human resources, management, and marketing. It may provide the first step leading to a postdegree specialization in areas of security, fraud investigation, and forensic accounting.
Learning
Outcomes: A wide range of frauds will be examined and analyzed by students, including general frauds and scams, money laundering, Internet fraud, corporate and personal identity theft, financial statement fraud, and banking fraud. Students will learn the concepts and develop the skills required to
1.
Define fraud and commercial crimes, describe the difference between criminal and civil law with regard to fraud, describe several theories of fraudster psychology and the common red flags of fraud
2.
Analyze fraud cases, including describing the facts of the case, identifying industry-specific and case specific red flags, describing the organizational fraud vulnerabilities in the case, and recommending best practices in handling fraud occurrences, and suspected fraud occurrences.
Write a briefing paper analyzing vulnerability to fraud and risk exposure for an organization or industry, and recommending best practices for fraud prevention, including appropriate internal controls, human resources practices, corporate governance, and organizational culture recommendations.
Method of
Instruction This course will be taught on a lecture/discussion basis. There will be regular reading assignments as well as case study problems, a research paper, student topic presentations, and a case-based final exam. Guest lectures by expert professionals will enrich course content.

Participation Students are expected to review assigned readings for each lecture in advance so that they can make a meaningful contribution to class and team discussions, and demonstrate their awareness of current issues and cases relating to fraud awareness, prevention, and detection with references to news items and Internet sources.
Evaluation: Team “Facts of the Case” presentation
Individual research paper
Team topic presentation
Case-based Final Exam
10%
30%
30%
30%
Team Projects Students will work in teams on a variety of assignments and classroom activities. The teams will be formed in the first week of class.
Facts of the Case Assignments
Each team will research, analyze, and give a 10 minute presentation and a written report on the facts of an assigned topical fraud case. Instructions, topics, and grading criteria will be given in class and posted on Moodle. See course syllabus for case presentation dates
Team Topic Presentation
Each team will research, prepare and present a fraud topic to the class. Team topic presentations will begin March 9 and continue until the final class. As part of the assignment, the presenting team will provide the class with a written report and references on the topic. Instructions, topics, and grading criteria will be given in class and posted on Moodle. See course syllabus for team topic presentation dates.
Individual Term Research Paper
Students will work individually to research and write a consulting report to assist a manager in a fraud-related issue. Topics, instructions and grading criteria will be given in class and posted on Moodle.
Assignment Preparation and Referencing
1.
You are expected to reference all assignment material taken from other sources, including ideas, facts, and concepts. Faculty in Business require the Harvard style of referencing for academic papers. Please
2.
3.
see Quote, Unquote at http://viu.ca/business/resources.asp
. Marks will be lost for improper or omitted referencing.
See the sections on Research and Writing in the Faculty of
Management Student Handbook at http://viu.ca/business/resources.asp
Assignments must be free of spelling, punctuation and grammatical errors. Assignments will be graded for content, presentation, and format.

Assignment Submission
1.
2.
All assignments are to be handed in (hardcopy) by the beginning of class on the due date, and an electronic copy in Word or Rich Text
Format uploaded to the appropriate Moodle drop box.
Extensions will only be granted in extenuating circumstances, at the discretion of the instructor. Unless otherwise noted, submissions of regular assignments must be made no later than the start of class on the due date. Assignments involving presentations may not be handed in late. Other late assignments will be penalized 5% for each day overdue to a maximum of 3 days overdue.
Final Exam The final exam will be held during the regularly scheduled exam period (April
14 – 23, 2010). The final examination is not optional and must be written as scheduled. NO TRAVEL PLANS SHOULD BE MADE FOR THE EXAM
PERIOD..
Exam Students with documented disabilities requiring academic and or exam
Accommodation accommodation should contact Disability Services in Building 200.
Grades: Grades will be assigned according to the following percentage scale.
A+
A
93 - 100%
86 – 92
B+
B
77 – 79
73 – 76
C+
C
67 – 69
63 – 66
D
F
50 – 59
49 and below
A-
Academic Misconduct
80 – 85 B- 70 – 72 C- 60 – 62
Academic misconduct will not be tolerated. Academic misconduct includes, but is not limited to, giving or receiving information during any test or exam, using unauthorized sources of information during any test or exam and plagiarizing the work of another person. Discussion of issues, cases, and topics covered in this course is encouraged. However, each person (or team, in the case of team assignments) must develop his or her own solutions and analysis in completing graded projects. No student may use or copy another student’s work, or any portion of another student’s work, and hand that work in as his or her own. See the student conduct policy of the online calendar and the Academic Integrity and Conduct section of the Faculty of
Management Student Handbook available on the Faculty of Management website
Association of Certified Forensic Investigators of Canada (ACFI)
This course is recognized by the Association of Certified Forensic Investigators of Canada. Students who complete this course with a grade of C+ or higher will be eligible to apply for a certificate of completion for this course from the
ACFI.

Date
05-Jan-10
12-Jan-10
19-Jan-10
26-Jan-10
02-Feb-10
COURSE SYLLABUS AND SCHEDULE
Topic
Preparation / Assignments due / Presentations
* = See Moodle for Additional Readings
Course outline and introduction to fraud.
What is fraud?
Who commits fraud and why?
Harrison Lockington Case
RCMP Commercial Crimes
Sergeant Andrew Cowan
Class takes place in Library, room 508
Researching Fraud - Faith Tak ishita
Begin first team research project
Strategies & Red Flags of Fraud
Asset Misappropriation and Corruption
Guest speak er: Stephen Burr
"Fraud in the Food and Bevarage
Industry"
Essentials of Corporate Fraud (Essentials), Ch 1 & 2
ACFI Fraud Manual (ACFI) Chapter 5
ACFI 1.4, 1.5, and 7.3
Essentials, Ch 3 & 4
ACFI Section 6.1
Financial Statement Fraud
"Fast Eddie"
Essentials, Chapter 5
ACFI 7.3.13 and CICA Section 13
"They risked their jobs" ... "Financial Statement Fraud"
(Colby) - see Moodle
Facts of the Case Presentations: Teams 1, 2, and 3
09-Feb-10
Fraud and internal controls
Fraud prevention strategies
Essentials, Chapters 7 and 8
ACFI 6.3, 6.4 and 6.6
Executive Roadmap, Chapter 5 (handout)
Facts of the Case Presentations: Teams 4, 5, and 6
16-Feb-10
23-Feb-10
02-Mar-10
04-Mar-10
09-Mar-10
16-Mar-10
23-Mar-10
Fraud detection and investigation
T. Charlotte Hoggard, CGA, CFI
Forensic Consultant
Essentials, Chapter 6
ACFI 7.1 and 7.2
Facts of the Case Presentation: Teams 7 and 8
Feb 22 to 26 - Study Days
RCMP/Bank of Canada
Counterfeit Bank Note Detection &
Debit/Credit Card Fraud
Wesley Weber Case (Moodle)
RCMP Currency Counterfeiting FAQs (Moodle)
B 250 - R125, 9 am to 4 pm
- Investment Fraud
- Fraud at the top: Black, Madoff
Guest speak er: Keith Jensen: "An
American View of Issues Related to
Publicly Traded Companies"
- Snakes in Suits - psychopathic fraudsters
- Banking Fraud - client/bank vulnerabilities
Readings to be assigned
Team Topic Presentation: Team 1 and 2
Readings: Dr. Robert Hare (Moodle)
Team Topic Presentation: Team 3 and 4
Readings to be assigned
Team Topic Presentations: Teams 5 and 6
30-Mar-10 Microsoft's Financial Integrity Unit
Building a World-Class Compliance Program (Handout)
Team Topic Presentations: Teams 7 & 8
06-Apr-10 The global business of Internet fraud Readings to be assigned
Final exam during exam period April 14 to 23, 2009