This course provides students with a knowledge of some specific types of commercial fraud and abuse, including asset misappropriation, falsified statements, corruption, and conflict of interest. Characteristics of each type of abuse, as well as indicators, detection, and prevention, will be covered. Specialized topics, such as anti-competitive offences, risks involved in foreign operations, due diligence requirements, and anti-money-laundering and antiterrorism legislation are also canvassed. Topics of particular interest to investigators will be the use of computers in the detection of fraud, the conduct of internal (corporate) investigations, and the remedies available to organizations that have been victimized by commercial crime. The orientation of the course will be toward those who have responsibility for the prevention, detection, and investigation of commercial crime in a corporate/private-sector context. It will be of particular interest to students who are employed, or who may be considering a career, in the private sector, in an area such as security, internal audit, quality control, or risk management.
- 60% in FSCT 8440
- Not offered this term
- This course is not offered this term. Please check back next term or subscribe to receive notifications of future course offerings and other opportunities to learn more about this course and related programs.
Upon successful completion of this course, the student will be able to:
- Apply internal control principles to assess the strengths and weaknesses of an organizations control systems, and to recommend and justify appropriate remedial actions.
- Given a specific fact situation, design a system of internal controls for the purpose of preventing, detecting, and/or recovering from fraud.
- Describe, with relevant examples, various types of corporate fraud, including the various species of asset misappropriation, fraudulent statements, (other than financial statements), and corruption.
- Assess a given fact situation to determine whether indicators of fraud exist.
- Develop an appropriate plan of action for investigating an incident of suspected fraud.
- Interpret given fact situations to determine whether there may be corporate liability for failure to exercise due diligence under specified legislation, including:
- The Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
- The Corruption of Foreign Public Officials Act.
- Reporting requirements under the Antiterrorism Act.
- Selected offences under the Competition Act.
- Attachment of criminal liability to organizations under the provisions of the Criminal Code.
- In a given fact situation, construct a corporate compliance regime that will satisfy the due diligence requirements of various pieces of legislation.
- Explain the concept of due diligence in its application to civil liability and litigation.
- Evaluate the potential for the use of computer-assisted audit techniques, critical-point auditing, and numerical/digital analysis to detect various types of fraud.
- Give simple, non-technical explanation of various numerical analysis techniques and their application in fraud detection.
- List the factors that distinguish internal investigations from criminal investigations.
- Define and distinguish various types of civil orders (Anton Piller orders, Mareva injunctions, and Norwich Pharmacal orders).
- Discuss, in general terms, the use of the various types of orders in the civil recovery context.
- Evaluate a given fact situation to determine whether, and against whom, civil remedies may lie.
- Assess a given fact situation to determine what remedies in tort and/or in contract may be appropriate.
Effective as of Spring/Summer 2010
If you have a question or comment about this course, please complete and submit the form below.
Interested in being notified about future offerings of Corporate Fraud and Financial Crime (FSCT 8460)? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.
Programs and courses are subject to change without notice.