Fraud awareness and prevention strategies

Fraud Awareness

Scholarship Request

As a student entering my senior year of accounting studies, I have found that my interests and natural tendencies lie in the field of fraud awareness and prevention. It is my goal to work in fraud prevention once I graduate. With Enron, WorldCom, Adelphia and Tyco all names in common use on the daily news, I feel that being aware of and specializing in fraud prevention is extremely important. And it is unfortunate that fraud is not only involved with these big name companies. Some of the nation's largest accounting firms have come under investigation by the Securities and Exchange Commission for their roles in Enron and other accounting scandals. Companies like Arthur Andersen and Price Waterhouse Cooper have come under indictment for conspiring with companies to defraud investors. And the resulting billion dollar bankruptcies have a significant impact on the nation's economy.

I feel that a concentration on fraud awareness associated with my accountancy degree would make me uniquely qualified to discover and deal with what has come to be an all too prevalent problem in the United States and abroad. My general degree in accounting helps me to understand that not only publicly traded companies have problems with fraudulent activities. My well-rounded accounting base will make me desirable for hire in both the public and private sector.