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eTorch April 2013

Pfeiffer University remembers two dedicated educators

FFFE-Courses Offered

FFFE 436	Internal Control and Corporate Governance	F	3 SH
The overall objective is familiarizing students with the guidelines for financial audits as relates to internal controls. The internal controls on account class balances will be evaluated, and the criteria for determining different levels deficiency will classified. Ethical issues and case studies will be researched directed at internal control failures. The types of opinions that can be rendered for the internal control report will also be examined.The importance of understanding the impact of corporate governance on the internal control environment will be examined from the internal corporate viewpoint as well as the external auditor's viewpoint. Best practices for corporate governance will be examined in light of the Sarbanes-Oxley Act of 2002 and the recent financial crisis. The history of the relationship of internal controls and the accounting profession will also be examined. This is a writing intensive course. Crosslisted as ACCT 436.
FFFE 501	Senior Seminar I-Fraud, the Law and Social Consequences	F	3 SH
The course will cover fraud and other white collar crimes, money laundering, organized crime and terrorism. The objectives will be to introduce students to criminal law in regards to these matters and the psychological and sociological impacts of crime on the individual and society. The course will also cover introductory topics in civil law related to fraudulent activity and other civil law matters such as matrimony, business related disputes and bankruptcy issues. The course will be co-taught by faculty members from Criminal Justice, Sociology, and Psychology, with guest lectures by specialist in the field of forensic accounting and fraud investigations. Prerequisites: FFFE 507 (ACCT 507), CRIM 202, CRIM 320 and senior status.
FFFE 502	Senior Seminar II-Practicum/Research	S	3 SH
Advanced topics in fraud examinations and forensic accounting, case studies reflecting knowledge gained during internships or research with professionals in the field of forensic accounting, professionalism in communicating findings, expert witness testimony, influence of leadership style on ethical behavior, advanced topics in computer forensics, and understanding the use of profiling as a tool for investigations. Tax fraud and internet fraud schemes will also be discussed. This will be a capstone course for the major. The course will be co-taught by faculty members from Accounting, Business Administration, Communication, Criminal Justice and Psychology/Sociology, with guest lecturers in the field of forensic accounting and fraud investigations. Prerequisite: FFFE 501.
FFFE 504	Auditing and the Accounting Profession	S	3 SH
The overall objective of this course is to familiarize students with the collection and analysis of audit evidence. The students will examine and report on the different levels of significance of audit evidence, as well the documentation of the audit findings. The financial statement audit reporting process will be analyzed. Students will also be introduced to the other levels of engagement common in the practice of public accounting. Students will be exposed to the relationship between current and proposed accounting theory (international accounting) and the relationship between accounting practice and the accounting professions' social contract. Case studies will examine the impact of audit fraud, tax fraud, and the accountant's responsibility to apply reasonable judgment in application of accounting and tax policies. This course represents a capstone course for the accounting program. Prerequisite: ACCT 426. Cross-listed as ACCT 504.
FFFE 507	Forensic Accounting	F	3 SH
The overall objective of this course will be familiarizing students with the processes and procedures of a forensic accounting audit. The students will be able to distinguish between an audit and a forensic examination, and how forensic accounting is used as both an internal and external procedure by an organization as a fraud deterrent. The introduction of law enforcement and public forensics will also be examined. Prerequisite: ACCT 221 and 222. Cross-listed as ACCT 507.

FFFE-Degree Requirements

Major (78 SH)
ACCT 221	Principles of Accounting I	COMP 265	Introduction to CIS
ACCT 223	Principles of Accounting II	COMP 360	Microcomputer Applications
ACCT 315	Intermediate Acct. & Globalization	COMP 440	Info. Security & Assurance I
ACCT 323	Intermediate Accounting I	COMP 441	Info. Security & Assurance II
ACCT 324	Intermediate Accounting II	COMP Elective
BUAD 321	Business Statistics	CRIM 202	Intro. to Criminal Justice
BUAD 326	Marketing	CRIM 320	Criminal Investigation
BUAD 329	Principles of Management	CRIM 510	Ethics in Criminal Justice
BUAD 424	Financial Management	ECON 222	Principles of Microeconomics
COMM 345	Business Communication	FFFE 301	Accounting Information Systems
COMM 353	Diversity issues in a Global Cont.	FFFE 436	Internal Controls & Corp. Govern
	OR	FFFE 501	Senior Seminar I
COMM 414	Conflict Transformations	FFFE 502	Senior Seminar II
	OR	FFFE 504	Auditing & Acct. Profession
COMM 416	Investigative Reporting	FFFE 507	Forensic Accounting

Minor (18 SH)
COMP Elective		FFFE 501	Senior Seminar I
CRIM 202	Intro. to Criminal Justice	FFFE 502	Senior Seminar II
CRIM 320	Criminal Investigation	FFFE 507	Forensic Accounting

Financial Fraud and Fraud Examinations (FFFE)

Pending SACS Approval
Anticipated Start
August 2013

Accounting has evolved from the simple balance sheet to the complex transactions of the contemporary business environment. As business structures have evolved, and the need for financial information has increased, so has the propensity for fraud. In today's capital markets, where transparency has become of paramount importance, the need for specialists in the areas of fraud detection and prevention has increased dramatically. In alignment with the need for specialists in the area of fraud detection and prevention within organizations has been an increased demand by federal and state law enforcement, and other agencies, for individuals who possess the skills and knowledge to detect fraud, embezzlement, other related white collar crimes, and investigation of the financial activities of organized crime and terrorism. Specialists in forensic accounting are also in demand in civil litigation proceedings; matrimony, business and asset valuations, law suits between joint ventures and other business related activities. The major in Financial Fraud and Fraud Examinations is geared towards the competencies that students will need to enter into the contemporary workforce and pursue a career as a fraud examiner.