MSc Forensic Audit and Accounting

Forensic accounting and the related discipline of forensic audit are fast-developing areas in the commercial world. Major professional accounting firms now have departments offering forensic accounting and audit services, and the demand for expertise in this area is growing exponentially. 

USW's respected Forensic Audit and Accounting masters course - the only course of its kind in the UK - has been running for ten years and provides specialist skills in fraud investigation, valuations, assist in dispute resolution, expert reports and conduct analysis. 

Employment opportunities are numerous, from specialist firms of forensic accountants to specialist departments within accountancy firms. Forensic audit and forensic accounting are important areas for national governments, particularly in developing countries. 

Study Mode
2019
Duration Start Date Campus Campus Code
Full-time 1 Year September Treforest A
Part-time 2 Years September Treforest A
Study Mode
2020
Duration Start Date Campus Campus Code
Full-time 1 Year February Treforest A
Full-time 1 Year September Treforest A
Part-time 2 Years February Treforest A
Part-time 2 Years September Treforest A

The MSc Forensic Audit and Accounting will build your confidence in the forensic audit of business data and provide you with advanced analytical, evaluation and problem solving skills. You will learn how to evaluate the principles of good corporate governance and the integrity of management, and to understand the role of computer forensic techniques in an investigatory and legal context.

  • Forensic Financial Analysis
    Provides an introduction to and overview of the subject area, and includes areas such as valuation (assets, businesses, liabilities), financial statement analysis, hidden asset identification, asset recovery, and quantification of losses. Also emphasis on uncovering and detecting financial statement fraud.

  • Audit, Governance and Risk Management
    Explicitly links governance and fraud and gives emphasis to (fraud) risk management and internal controls. Also focuses on forensic audit as opposed to generic statutory audit skills.

  • Research Methods in Accounting and Finance

  • Cyber and Digital Investigations
    Overview of the tools, techniques and practice of digital forensics, although it is recognised that Forensic Accounting students do not need to be technical experts; rather they need to be aware of the techniques available and when to call in expert help. Module also emphasises the law relating to digital forensics, cybercrime and mitigations.

  • Financial Crime and Expert Witness
    This module not only focuses on the role of the expert witness and dispute resolution, but also look at Regional Asset Recovery, Proceeds of Crime Act, Money Laundering and various other aspects of financial crime.

  • Fraud Examination
    Fraud examination methodologies from planning to litigation, engagement to report writing and investigation techniques. 
    Advanced fraud related topics, including, but not limited to: the psychology of the fraudster; fraud schemes; interviewing and investigative techniques; profiling; evidence gathering and management and cybercrime. 

  • Dissertation – Accounting and Finance

Teaching

 

The Forensic Audit and Accounting masters course is delivered full-time through a combination of lectures, tutorials, computer workshops, case study analysis and discussion groups.

You will be exposed to real-life situations and given the skills and opportunities to find practical solutions.

You will have the opportunity to use state-of-the-art computer forensic and data analysis software.

Our experienced tutors are accounting professionals who maintain strong links with professional bodies and employers.

Student benefit from having employers regularly on-campus through CPD talks and guest lectures.

Assessment

Assessment methods include examinations and coursework-based assignments.

Facilities

Our dedicated trading simulation room powered by leading industry software from Thomson Reuters adds an experiential dimension to your learning.

You will also learn the latest audit and computer forensic software.

Lecturers

A minimum 2:2 Honours degree in accounting, audit or finance. Alternatively, a minimum 2:2 Honours degree in business with an appropriate level of financial content, from a UK university.

Equivalent accredited international or professional qualifications are acceptable. The course welcomes international applicants and requires an English level of IELTS 6.0 with a minimum of 5.5 in each component or equivalent.

Full-time fees are per year. Part-time fees are per 20 credits. Once enrolled, the fee will remain at the same rate throughout the duration of your study on this course.

August 2019 - July 2020 Fees


  • Full-time UK and EU:  £9000

  • Full-time International:  £13400 

  • Part-time UK and EU:  £1000 per 20 credits

August 2020 - July 2021 Fees


  • Full-time UK and EU: TBC

  • Full-time International: TBC

  • Part-time UK and EU: TBC

Additional Costs

Students have access to a wide range of resources including textbooks, publications, and computers in the University’s library and via online resources. In most cases they are more than sufficient to complete a course of study. Where there are additional costs, either obligatory or optional, these are detailed below. Of course students may choose to purchase their own additional personal resources/tools over and above those listed to support their studies at their own expense. All stationery and printing costs are at a student’s own expense.

Forensic Audit and Accounting is a growing, niche area with audit and accountancy firms looking for specialist skills.

It is also an important area for national governments, particularly in developing countries. As a result, employment opportunities are numerous, from specialist firms of forensic accountants to specialist departments within accountancy firms.

There are many opportunities in the public and regulatory sectors, as well as employment prospects in commercial organisations, as part of investigatory, internal audit, and compliance departments.

Recent graduates are employed in the forensic accounting department of a ‘Big Four’ accountancy firm, and as a Fraud Investigator for a national public sector auditor.

As a USW student, you will have access to advice from the Careers and Employability Service throughout your studies and after you graduate.