In "A Discussion about Fraud and Bankruptcy," Nigel Holloway, director for the Americas of the Economist Intelligence Unit, moderates a discussion with Sheila T. Smith, principal and national service line leader of the Reorganization Services group of Deloitte Financial Advisory Services LLP, and Susheel Kirpalani, the chair of bankruptcy and restructuring at Quinn Emanuel. They navigate the findings from a recent study conducted by the Deloitte Forensic Center and the Reorganization Services group related to bankruptcy filings and SEC enforcement releases in regards to financial statement fraud. Duration: 31.21 minutes.
Type of Material:
The video is related to a more legal-based courses. It does not seem to be related as well to a forensic accounting course.
Web Browser and video player
Identify Major Learning Goals:
To provide an understanding fraud related to firms in bankruptcy as well as restructuring scenarios.
Target Student Population:
Seems most appropriate for an undergraduate students enrolled in a business law course. Could perhaps also be used in an accounting systems, forensic accounting, or ethics course.
Prerequisite Knowledge or Skills:
Accounting Principles I Course. Familiarity with the court system and litigation procedures.
Although this panel discussion took place on November 11, 2008, content remains current and relevant. The presenters provide the audience with a practitioner’s perspective on fraud related to firms in bankruptcy. Some content is based on a study of 1,000 bankrupt companies from 2000 - 2006 that were subject to SEC enforcement actions. The primary types of fraud perpetrated were self-dealings or looting and balance sheet enhancements. Other topics include the functioning of the court system, characteristics of the people who perpetrate fraud, impact of diminishing bank regulation, impact of company type (public vs. private) etc.
The presentation needs some visual aids to summarize findings. As a result, the session has an incomplete feel. Focus and flow would be enhanced if a topical outline were included. As is, the discussion seems to wander from topic to topic and lacks a logical progression. As a result integration of concepts is average at best. The length of the video is rather long relative to the specific points made.
Potential Effectiveness as a Teaching Tool
The effectiveness of this video is moderate and would be increased if it is used as an outside exercise for a course. The students should be given a series of questions to answer prior to viewing the video. It does provide a way to link theory to the real-world by having a pseudo executive in residence via video for budget constrained universities.
Learning objectives and prerequisite knowledge are not included.
One does not know where the discussion is going ahead of time. No transcript or talking points are available. As a result the discussion seems to wander from topic to topic rather than reinforcing concepts progressively.
Ease of Use for Both Students and Faculty
Presentation was professionally done, well-moderated, and delivered by experts in the field of fraud, bankruptcy, and reorganization.
The discussion was also easy to follow.
The web-cast can be downloaded and viewed offline using Real-Player. In this mode it can be enlarged to full screen. Viewers can pause, rewind, and review the presentation as desired.
Participants possess outstanding public speaking skills.
Presentation lacks interactivity and is extremely passive. The viewer merely watches three individuals who are sitting at a table discussing this topic.
The length is a bit long given the topics covered to maintain user interest.
The presentation lacks visuals to add interest and summarize important points.
Video quality become less sharp as it is enlarged.
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