Drexel University’s Fraud and Internal Control Case Competition (FIC3) lifts anti-fraud concepts off textbook pages and ingrains them into students’ lives. Learn how to help higher-ed institutions develop similar competitions.
In 2014, we (an associate professor of accounting at Drexel University, and the managing director of an accounting firm) first met to devise a program that could practically teach students anti-fraud concepts. Our idea was to gather teams of students
from the greater Philadelphia area to compete against each other in analyzing a real-life inspired fraud case and then present their comprehensive detection, prevention and deterrence plans to a panel of judges for a cash prize. In February 2015,
we held the first Fraud and Internal Control Case Competition (FIC3) at Drexel.
Five years later, FIC3 is still engaging students, faculty and business leaders in real-life scenarios and building network connections, friendships and mentoring relationships.
We share this story so that it might inspire others in higher-ed and the business world to consider creative ways to capture the passion and imagination of budding anti-fraud professionals.
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