When reflecting on the course, the most interesting concepts, in my view, are from
real case experiences and the theories of fraud, mainly white-collar crime and the
characteristics of a fraudster.
The Fraud Diamond theory was introduced with an added condition to the Fraud
Triangle: Capability. The theory didn’t necessarily move me; however, the introduction
made me think. I think capability or incapacity used as an argument by defense attorneys,
as described in our text, is something to consider when collecting evidence or conducting
an interview. (Rufus, Miller, Hahn, 2014) However, my overall thought was it almost
doesn’t make sense because capability and opportunity may be considered the same in
some regard or until one enters the physiological abyss to garnish empathy for a defense. I
find this interesting when a “typical white-collar fraudster lacks feelings of empathy”
(Rufus, Miller, Hahn, 2014).
Furthermore, it seems that consideration for incapacity would only truly be present
in a sort of confession by the subject. Also, I would debate if fraud were committed, the
subject was capable whether the subject was caught or not. Overall, I think the fraud
triangle is key. Through personal work experience, every fraudster I have encountered has
encompassed every point of the fraud triangle: pressure, opportunity, and rationalization.
(Rufus, Miller, Hahn, 2014)
A new concept learned that positively resonates with me is the Scientific Approach
to an Engagement (Rufus, Miller, Hahn, 2014), encompassing the following five steps:
Step 1: Define the Purpose, Step 2: Form a Hypothesis, Step 3: Gather Evidence, Step 4:
Interpret Data and Refine Hypothesis, Step 5: Draw Conclusions. (Rufus, Miller, Hahn,
2014) I think the Scientific Approach to an Engagement is a great outline or reference to
begin a project and revisit.
Leaving the term and course, I have learned a lot, new tools, and more to offer my
clients. Also, with the current high-profile fraud cases in the media, I understand what
everyone is talking about and can even fill in the blanks! Overall, I still aspire to take on
investigative projects and divorce cases.
Reference:
Rufus, R., Miller, L., & Hahn, W. (2014). Forensic accounting. Upper Saddle River, NJ:
Pearson Education.
