Accounting Students Must Have Armor of Fraud Examination

 


The Association offers the syllabus, instructor notes, materials, and teaching aids derived from its recent University of Texas graduate fraud examination course free of charge to institutions of higher learning. 

Cody Worthington is one of the fortunate ones.

As a master's college accounting student at Brigham Young University he completed a fraud examination course taught by W. Steve Albrecht, Ph.D., CFE, CPA, CIA. Worthington immediately applied the practical principles he learned in the course during his first year as a CPA at Andersen beginning in January of 2001.

"As a staff consultant in the Business Fraud and Integrity Risk Services group at Andersen, I learned that firms are very concerned about the risks of fraud," Worthington said. "I now find it hard to believe that more schools don't offer similar courses."

Worthington is one of a handful of former accounting students in the United States who have had any fraud examination training. According to "Fraud Education of Accounting Students: A Survey of Accounting Educators," by Peterson and Reider,1 only 13 of 215 respondents to their 1999 survey of U.S. universities with accounting programs offered a specific course on fraud. (See sidebar below.)

Two U.S. colleges offer specific degrees in anti-fraud training.2 Utica College of Syracuse University awards the master's of science in economic crime management and the bachelor's of science in criminal justice - economic crime investigation.3 Hilbert College (with assistance from the Western New York Chapter of the Association) offers the bachelor's of science degree in economic crime investigation.4 George Washington University offers a master's of arts in criminal justice with a concentration in computer fraud investigation.5


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