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    • Profile picture
    Nov 05, 2017
    | Would highly recommend.

    This class was tough.

    Course Overview:

    The course is very interesting and teaches you how to search for discrepancies in financial statements. I for one, really liked this course because it is astonishing to me that people get away with such immense fraud. I like being able to "think like a crook" (as Stanley puts it), and use it for the greater good. Fraud detection is an important part of forensic auditing which is what I aim to do. The course is very theoretical but it helps shape your knowledge for more advanced auditing classes.

    Course highlights:

    This course has taught me to detect abnormalities and assure financial transparency. It is crucial for a company to report faithfully which is not always the case unfortunately. You will learn methods to approach companies and how to collect the appropriate data to determine whether the financial statements are accurately reported. Auditors are not always appreciated in companies and you are able with this class to learn how to detect odd behaviours of employees and management and assess what accounts can be fraudulent.

    Hours per week:

    3-5 hours

    Advice for students:

    I know that cause textbooks are not always fun to read, but the textbook is quite important for this course. Please take the time to read it, it will be worth it! When you learn to appreciate the content, you will see how interesting the book is. I mostly enjoyed the cases and stories of company scandals and how they were found out. I love police novels and this is quite similar. I find fraud detection to be quite superhero-alike. We can take down the white-collar bad guys. You just have to think like them and understand how accounts and statements can be manipulated to reflect a false reality.

    • Fall 2016
    • Stanley Schulman
    • Yes
    • Great Intro to the Subject Always Do the Reading Great Discussions

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