FCPAS Syllabus FRDs & CRM

FRD510 – Principles of Fraud Examination


Principles of Fraud Examination provide a wealth of informative and entertaining insights into the complex social factors behind fraudulent behaviours. The course also provides a broad overview of the field of Fraud Examination – from what fraud is, to how it is committed, detected and deterred.

Fraud examination is the procedure that is carried out to determine if fraud has taken place. If there is evidence that fraud has taken place, investigations are normally conducted to arrest the fraudster.
Coverage begins with an explanation of fraud examination methodology, followed by detailed examination of the most prevalent fraud schemes used by employees, owners, managers and executives.

  • Course Content
    • Introduction [FRD 510]
    • Skimming [FRD 510]
    • Cash Larceny [FRD 510]
    • Billing Schemes [FRD 510]
    • Check Tampering [FRD 510]
    • Payroll Schemes [FRD 510]
    • Expense Reimbursement Schemes [FRD 510]
    • Register Disbursement Schemes [FRD 510]
    • Non Cash Assets [FRD 510]
    • Corruption [FRD 510]
    • Accounting Principles and Fraud [FRD 510]
    • Financial Statement Schemes [FRD 510]
    • External Fraud Schemes [FRD 510]
    • Fraud Risk Assesement [FRD 510]
    • Conducting Investigations and Writing Reports [FRD 510]
    • Interviewing Witness  [FRD 510]
    • Occupational Fraud and Abuse: The Big Picture [FRD 510]

CRM504 – Criminal Interrogation and Confessions

To be successful as a fraud examiner, you must be able to conduct effective interviews, draw out the truth from suspects and identify stages of deception. You may explore supplemental options to your current practice with included class discussions with field applications.

Criminal Interrogation and Confessions includes transcripts from actual interviews and interrogations, as well as communication examples from other sources that reflect those times when one person communicated with another, and the exchange provided learning material.

Ancient and historical sources from modern-day concepts of inquiry, persuasion, and deception are also cited.

  • Course Content
    • Distinctions between Interviews & Interrogations [CRM 504]
    • Obtaining and Evaluating Factual Information [CRM 504]
    • Case Resolution Possibilities [CRM 504]
    • Initial Precautionary Measures for Protection of the Innocent [CRM 504]
    • Privacy and the Interview Room [CRM 504]
    • Qualifications, Attitude and General Conduct of the Investigator [CRM 504]
    • Preparation and Starting the Interview [CRM 504] 
    • Formulating Interview Questions [CRM 504]
    • Behavior Symptom Analysis [CRM 504] 
    • Precautions When Evaluating Behavior Symptoms of Truthful and Untruthful Subjects [CRM 504]
    •  The Behavior Analysis Interview [CRM 504] 
    • The Use of Specialized Questioning Techniques [CRM 504]
    • The Reid Nine Step of Interrogation [CRM 504]
    • Recommendations for Interrogators [CRM 504] 
    • Distinguish between True and False Confessions [CRM 504]
    • Testifying on a Confession [CRM 504]
    • Interrogation and Confession Law [CRM 504]

FRD506 – Financial Investigation and Forensic Accounting

Embezzlement, graft, fraud and money laundering are among the hardest crimes to prosecute. Investigation is impossible without an understanding of the law, accounting, finance and banking procedures. Law enforcement must have the proper weapons to combat the evolving sophistication of financial crimes.

Financial Investigation and Forensic Accounting offers a thorough examination of current methods and legal concerns for the detection and prosecution of economic crime. The course will guide law enforcement and prosecutors from detection through indictment and conviction.

The mechanics of gambling, fraud and money laundering are explained. You will learn how prosecutors present the tax codes, off-shore banking laws, and the Racketeer-Influenced and Corrupt Organization (RICO) statutes to judges and juries. Financial Investigation and Forensic Accounting details the exacting legal standards for the successful execution of warrants, seizures and forfeitures. This course provides an invaluable approach to the detection and prosecution of economic crime.

  • Course Content
    • Economics of Crime [FRD 506]
    • Financial Crimes [FRD 506]
    • Offshore Activities [FRD 506]
    •  Evidence [FRD 506]
    • Net Worth Theory [FRD 506]
    •  Expenditure Theory [FRD 506]
    • Scenario Case [FRD 506]
    • RICO Net Worth Solution [FRD 506]
    • Tax Net Worth Solution [FRD 506]
    • RICO Expenditure Solution [FRD 506]
    • Tax Expenditure Solution [FRD 506]
    • Organized Crime [FRD 506]
    • Trial Preparation and Testimony [FRD 506]
    • Accounting and Audit Techniques [FRD 506]
    • Sources of Information [FRD 506]
    • Wagering and Gambling [FRD 506]
    • Fraud Prevention for Consumers [FRD 506]
    • Fraud Prevention for Business [FRD 506]
    • Money Laundering [FRD 506]
    •  Interviewing [FRD 506]
    • Investigative Interview Analysis [FRD 506]
    • Banking and Finance [FRD 506]
    • Reports and Case Files [FRD 506]
    • Audit Programs [FRD 506]
    • Seizures and Forfeitures [FRD 506]
    • Judicial System [FRD 506]
    • Criminology [FRD 506]
    • Physical Security [FRD 506]
    • Search Warrants [FRD 506]
    • Computer Crimes [FRD 506]
    • Document Examination [FRD 506]
    • Fraud Examiner [FRD 506]

FRD508 – Forensic and Investigative Accounting

Forensic and Investigative Accounting is comprised of five parts: The first part defines the discipline and practice of forensic accounting, including a brief history of forensic accounting globally. It also contains a description of the various forensic specialties, career opportunities, associations and certifications, which will be helpful in you deciding what area you wish to specialize in. The second part deals with uncovering a wide variety of accounting crimes. These include financial statement fraud, misappropriation of assets, indirect methods of reconstructing income and money laundering.

Attention shifts to the courtroom in the third section, with discussions of courtroom procedures, proper evidence management, the calculation of damages and damage expert reports, antitrust litigation and federal Fraudulent Claims Act litigation. Cybercrime is the subject of the fourth part, which provides an overview of techniques for tracing hackers, an incisive survey of federal and state computer crime statutes and a chapter on cybercrime loss valuations, including valuations for recovery purposes under “hacker” insurance policies.

The final part focuses on business valuations, especially in the context of economic measurements associated with litigation. The primary business valuations methods are discussed and illustrated.

  • Course Content
    • Introduction to Forensic and Investigative Accounting [FRD 508]
    • Forensic Accounting Education, Institutions, and Specialties [FRD 508]
    • Fraudulent Financial Reporting [FRD 508]
    • Detecting Fraud in Financial Reporting [FRD 508]
    • Employee Fraud: The Misappropriation of Assets [FRD 508]
    • Indirect Methods of Reconstructing Income [FRD 508]
    • Money Laundering and Transnational Financial Flows [FRD 508]
    • Litigation Services Provided by Accountants [FRD 508]
    • Proper Evidence Management [FRD 508]
    • Commercial Damages [FRD 508]
    • Litigation Support in Special Situations [FRD 508]
    • Computing Economic Damages [FRD 508]
    • Computer Forensics: A Brief Introduction [FRD 508]
    • Internet Forensics Analysis: Profiling the Cyber Criminal [FRD 508]
    • Cybercrime Management:  Legal Issues [FRD 508]
    • Cybercrime Loss Valuations [FRD 508]
    • Business Valuations [FRD 508]
    • Forensic Accounting in Action [FRD 508]