Why Forensic Accounting?

Would you like to know more about how to fight economic crime? Do you want to know how Facebook and the business register are related? Do you believe that accountants can also be creative? Do you want to know how to recognize a cheater? Would you like to know the meanings of "red flags", "datamining" and "anti-money laundering"? Are you interested in the case of Enron and Bernard Madoff? Do you know how the forensic interview techniques works? The answers to these and other questions you can learn during Forensic Accounting course.


Course Title

Forensic Accounting

Lecturer Assoc. Prof. Dipl. Ing. Zuzana Kubaščíková, PhD.
Load of the Course 20 teaching hours
Number of Credits 3

Learning Outcomes

Master the basic tools of forensic accounting, conduct a forensic interview, reveal creative accounting techniques.

Recommended Literature

CRUMBLEY, L.: Forensic and Investigative Accounting. Chicago : CCH, 2007. ISBN 978-0808017233
ALBRECHT, W. S. et al: Fraud Examination. 2nd. Edition. Thomson : London, 2006. ISBN 0-324-65117-1
SCHILIT, H. M. : Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports. 2nd Edition. New York : McGraw-Hill, 2002. ISBN 978-0071386265

Interim Assessment

Seminar paper and presentation

Final Assessment

Case study based exam

Aim of the Course

The aim of the course is to provide knowledge in the field of accounting fraud investigation. After completing the course, the student should be able to:

  • master the basic tools of forensic accounting,
  • conduct a forensic interview,
  • reveal creative accounting techniques.

Course Contents

Forensic accounting is actually a combination of accounting, auditing and investigation skills. Forensic accounting is a specialised area of accountancy and the forensic accountant provides help and support in legal and also non-legal accounting related investigations. A forensic accountant is often retained to analyse, interpret, summarize and present complex financial and business-related issues in a manner which is both understandable and properly supported. Forensic accountants can be engaged in public matters, or they can be employed by courts, government, banks, police, insurance organizations and many others.


Characteristics of fraud and willful misconduct.
Legal aspects of accounting distortion in the world.
Analysis of creative accounting procedures and methods aimed at their detection.
Forensic interview.
Misleading presentation of accounting data.
Off - balance sheet financing.
Alternative accounting and reporting methods. Analysis of known cases of company failure due to the application of creative accounting.