This site contains a video-streamed lecture entitled, A Practitioner's Perspective on Current Issues Relating to Management Fraud. This video contains four segments covering the following topics:
Introduction, Fictitious Transactions, Fictitious Earnings, and Managing the Risk. The presentation is based on a Canadian Adademic Accounting Association (CAAA) Accounting Ethics Workshop.
Type of Material:
Lecturer / Presentation (video and PowerPoint slides)
Can be assigned as homework on an individual or team basis, with some specific discussion questions assigned. Ideally, the video would be combined with discussion of a specific case. For example, the Livent case on earnings management is available from the Centre for Accounting Ethics.
Browser, Windows Media Player (or compatible) and DivX.
Identify Major Learning Goals:
To provide a general education on issues surrounding fraud in business organizations by.:
Identifying fraud as unmanaged risk.
Pinpointing how to detect fraud.
Indicating how to manage the risk of fraud.
Target Student Population:
Suitable for accounting students, general college students or company management groups.
Prerequisite Knowledge or Skills:
Students should have some understanding of basic accounting and business terminology/concepts such as margin, sales expenses, bad debts, etc.
Evaluation and Observation
The module consists of four logically related segments. The introduction does a very good job of building awareness about the prevalence of fraud in the workplace. Being aware of the types of fraud and how it can be detected is a starting point for managing risk within organizations. Some good ideas, strategies and examples are presented. The real life examples give students an appreciation of the types of fraud that are perpetrated and how these situtations can be managed. The concepts covered are well integrated. Although the presentation is now 8 years old the content is still very relevant.
The presentation lacks a culminating summary of major concepts.
Some coverage of concepts is insufficient, e.g., the risk management plan on three aspects: managing motivation, managing opportunity, and managing the ability to rationalize. More examples are needed in the segment covering risk management to help clarify an understanding of concepts covered.
Instructors very likely will need to add an assignment or discussion questions over the content to enhance the value of this presentation.
Potential Effectiveness as a Teaching Tool
The learning material includes three components: video clip, PowerPoint slides and the written transcript. This material can be used as a supplement to an ethics or auditing course to help reinforce student learning and provide examples of fraud as well as strategies to manage fraud.
Concepts are covered progressively and build upon each other, starting with an introduction that generates fraud awareness through the remaining segments that identify types of fraud, explain detection activities, and finally describe how to manage risk. The video content is very informed with respect to real-life situations. The module is very effective not only for educating undergraduage students, but also can be used in a graduate class or in the business community.
Prerequisite knowledge is not identified. Understanding some of the concepts covered requires that students possess some basic knowledge of accounting and business.
Understanding the context of this video would be important for the instructor so that it could be framed properly for use.
Some parts of the presentation seem to crawl making it somewhat ineffective.
This presentation was made from a workshop at a meeting of largely Canadian accounting academics. The presenter is a business person, who provided an exceptional real life perspective. The presentation does not include the presenters interaction (questions/discussion) with other participants in the workshop. Often questions raised or discussion of concepts by the participants helps other learners gain knowledge. Unfortunately this richness is not conveyed in the video.
Ease of Use for Both Students and Faculty
The presentation can be accessed by using an Internet browser and consists of a video clip along with PowerPoint slides. This module is very easy to use. No instruction is required because it is fairly intuitive. The lecture/presentation has both audio and visual components. The transcript (text format) is included which makes the presentation suitable for hearing impaired learners.
Although the video clip can be paused or stopped part way through the presentation, no partial rewind option exists. Users must start over from the beginning. This requirement may be perceived as very cumbersome and frustrating by some users.
The video portion can be downloaded by using software such as RealPlayer to overcome the replaying selected sections issue. However, then the PowerPoint slides which are an itegral part of the presentation can not be used. Also when using Windows Media Player, the PowerPoint slides are difficult to read.
While the information presented is very practical, the presentation itself could use a little life. The presenter's tonal quality is rather monotone.