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DTSTAMP:20240503T072227Z
SUMMARY:FIC3 Accounting Department Fraud Case Competition
DESCRIPTION: \n\nOBJECTIVE The purpose of FIC3 is to provide students an ex
 periential\nlearning opportunity to understand the implications of fraudul
 ent\nfinancial reporting and the value and relevance of Internal controls.
 \nThis competition will provide students an opportunity to demonstrate\nth
 eir understanding of the accounting process\, system of internal\ncontrols
  and the COSO framework for internal controls. It also\nprovides opportuni
 ties to refine presentation skills and network with\nalumni and local prof
 essionals who serve as the coaches and judges.\n\nPERTINENT INFORMATION Pa
 rticipants will receive the actual case\,\ndetailed requirements and suppl
 ement material one week prior to the\ncompetition. Each team will have 3.5
  hours (9am -12:30pm) to review\nthe case\, formulate their response to th
 e case questions and develop a\nPowerPoint based presentation\, a template
  will be provided the day of\nthe competition.\n\nWe strongly encourage al
 l registrants to attend the kickoff event:\n“RIPPED FROM THE HEADLINES: 
 CASE STUDIES OF MAJOR EMBEZZLEMENTS”\nby Bethmara Kessler of Campbell’
 s Soup in GHall 722 from 4-6pm.\nCheck the events calendar for registratio
 n and further details.\n\nDAY OF THE COMPETITION Registration will take pl
 ace from 8-8:30am.\nParticipants will have a chance to enjoy a continental
  breakfast and\nget to know team members and coaches. The program will beg
 in at 8:30am\nwith a guest speaker who will provide vital information for 
 the case.\nA box lunch will be provided at noon so teams may continue to w
 ork on\ntheir presentations. Each team must submit an electronic copy of t
 heir\npresentation by 12:30pm. No changes may be made to teams’ PowerPoi
 nt\npresentations after the 12:30pm submission deadline.\n\nTeams will be 
 randomly assigned a 15 minute slot with one of our two\npanels of judges t
 o present their results. Team presentations will be\nin 20 minute interval
 s between 1:00 and 3:30. The top four teams will\nannounced at the conclus
 ion of the first round of judging. Immediately\npreceding this we will rel
 ease the rest of the group and the top four\nteams will again be randomly 
 assigned for the final round of judging.\nAwards will be presented as soon
  as the judges have reached a\ndecision.\n\nKEY DATES • Registration Dea
 dline: February 2\, 2016 • Kick-off\nEvent: February 2\, 2016 • Case w
 ill be released to participants:\nFebruary 5\, 2016 • Competition Date: 
 February 12\, 2016\n\nTEAM STRUCTURE Teams will be assigned by the account
 ing department and\nalign with the below requirements. • Teams of 4 stud
 ents • Teams\nwill consist of at least one Accounting Major\, one upper 
 classman or\nMS student\, and one under classman • There will be a limit
  of 10\ncase teams\, so the first 40 students who sign up and are assigned
  to\nteams will receive one of the 10 available spots.\n\nTEAM PRIZES • 
 1st Place - $500 ($125 per each team member) • 2nd\nPlace - $300 ($75 pe
 r each team member) • 3rd Place - $200 ($50 per\neach team member)\n\nRE
 GISTRATION AND REQUIREMENTS Due to the nature of the competition\,\npartic
 ipation is limited\; not every application will be accepted into\nthe comp
 etition. You will be notified if you have been accepted into\nthe competit
 ion no later than February 4\, 2016. To register please\ncomplete the regi
 stration form. You will be required to agree to the\nattached statement of
  comportment. Please note: We require a one week\ncancellation notice if y
 ou can no longer participate.\n 
DTSTART:20160212T130000Z
DTEND:20160212T210000Z
LOCATION:Gerri C. LeBow Hall\, DiPiero Grand Meeting Room and Rose Terrace\
 , 3220 Market Street\, 220\, Philadelphia\, PA 19104
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