Red flags accounting fraud game

• Main Authors: SEOW, Poh Sun, PAN, Gary, LIM, Thomas
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Auditing; Internal Auditing; Internal Audits; Accounting
• Online Access: https://ink.library.smu.edu.sg/cases_coll_all/276; https://smu.sharepoint.com/sites/admin/CMP/cases/SMU-19-BATCH [PDF-Pic]/SMU-19-0026 [Red Flags Game]/SMU-19-0026 [Red Flags Game].pdf
• Institution: Singapore Management University

The case describes the Red Flags game, a single-player game that is complementary to seminar teaching, and provides more flexible experiential learning opportunities for students. It is aimed at teaching students the internal control and fraud prevention concepts covered in the Accounting Information Systems course. The role of this course is to provide a specialised in-depth accounting course that addresses these key notions: role of information systems within accounting; documentation of accounting information systems including data flow diagrams and flowcharts; database management, processes and modelling; exposures and risks associated with accounting information systems; evaluation of information technology internal controls and impact on internal control; impact of information technology on the audit process; relationship of accounting information systems to major processes of the business cycle; and development, design and analysis of accounting information systems. The key learning objectives of the Red Flags game include the understanding and application of concepts related to audit, ethical principles relevant to accounting professionals, and the role of internal control in an accounting system.