Risk, Compliance, and the Law

Course Descriptions

BERC600: Legal and Regulatory Compliance, 3 credits

This course will explore fundamental compliance principles. Topics to be covered may include the following: global anti-corruption law (including the Foreign Corrupt Practices Act, the UK Bribery Act, the OECD’s Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, Canada’s Corruption of Public Officials Act, and the Inter-American Convention Against Corruption); Sarbanes-Oxley compliance (including certification requirements, whistleblower protection, and audit committees); financial integrity (including money laundering, insider trading, market manipulation, conflicts of interest, and privacy); and internal investigations/attorney-client privilege. Because the scope of compliance is not limited to corruption and financial integrity, the course may include compliance issues in the following additional subject areas: antitrust, food and drug, environmental, occupational safety and health, and/or others.

BERC601: White-Collar Crime and Victimization, 3 credits

The history, definitions, categories and trends of white collar crime within the US and globally. The corporation as offender and the corporation as victim; Data sources and measurement; Theories of offending and victimization; Costs of crime, correlates of crime, and risks; Internal compliance systems; Enforcement strategies (deterrence/compliance); responsive regulation; enforcement pyramid; Policy assessment.

BERC602: Accounting and Its Uses in the Forensic Process, 3 credits

This course will explore ways that accounting is used in forensic examinations. The course will begin with an introduction to accounting for the uninitiated. Topics covered in the introduction may include: an introduction to bookkeeping, key accounts, financial statements and their composition, and concepts in managerial accounting. The course will then cover principles of forensic accounting and the use of financial statement analysis in the forensic process. Topics covered in forensic accounting may include the following: Common fraud schemes in the areas of fraudulent financial reporting, misappropriation of resources, corruption and illegal acts; How fraud schemes typically appear in the accounting records and financial statements of an enterprise or agency; The use of financial statement analysis and analytics to detect fraud; Differences between a routine financial statement audit and a forensic audit; The limitations on financial statement audits in the discovery of fraud; How budgeting issues in managerial accounting can pressure managers to act unethically or illegally. Course participants will study both cases and problems related to forensic accounting.

BERC603: Investigative tools and Data Analysis, 3 credits

Techniques to electronically capture and integrate data from a variety of different sources aimed to assist managerial decision-making in such areas as fraud detection. Focus on large data sets for data mining/machine learning tools for classifications (such as decision trees, neural networks, techniques to recognize patterns in the data and regression modeling and statistics to aid prediction). Learning and utilizing appropriate software (e.g., XLMiner). Computer-aided analysis techniques for detecting and investigating white-collar offenses, issues related to the collective use of digital evidence and the collection of data from electronic devices. Extensive use of case studies as examples

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