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Professor

Canri Chan
Office
McCone Building M218
Tel
(831) 647-6501
Email
canri.chan@miis.edu

Dr. Canri Chan is a professor of accounting in the MBA program. She is a licensed CPA (Colorado) and an educator member of the ACFE (Association of Certified Fraud Examiners). Her PhD dissertation, entitled "International Transfer Pricing: A Comparison of Two Models", examined various managerial, financial, and international aspects regarding multi-national firms transfer pricing decisions. Her teaching and research interests lie in the corporate risk management and compliance area which includes financial reporting analysis, forensic accounting, fraud examination, fraud risk management, fraud data analytics, fraud detection and internal controls. Canri Chan also advises students who would like to pursue careers in becoming anti-fraud professionals and corporate risk management and compliance specialists. She actively participates in attending academic and professional gatherings such as the American Accounting Association (AAA) conferences and ACFE workshops. Dr. Chan, as well as likewise engaging her students, utilizes and incorporates multi-media resources in her classes always on the lookout for new “tech,” in essence exploring new ways to explore and analyze problems related to corporate risk management and compliance.

Courses Taught

Courses offered in the past two years.

  • Current term
  • Upcoming term(s)

This course teaches financial and managerial accounting concepts from a management perspective. It is designed to be useful particularly for those who aspire to be managers, management consultants, financial specialists (e.g., controller, financial analyst, auditor), or human resource specialists (e.g., personnel director, compensation consultant). The course highlights the reporting differences among industries, including manufacturing, retailing, and service firms, and regulated and non-regulated firms. Statements of actual companies, with an emphasis on international companies, are used in illustrations and cases. The actual financial statements highlight current financial reporting problems, including comprehensive income, segment reporting, options, post-retirement benefits, and the harmonization of international standards.

Spring 2017 - MIIS, MIIS Winter/J Term only, Spring 2018 - MIIS, MIIS Winter/J Term only

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Financial Statement Fraud Detection

This course will focus on selected topics within Forensic Accounting and covered on the CFE (Certified Fraud Examiner) Exam. The objectives of this course are to provide students with an understanding of financial shenanigans and accounting gimmicks in order to assess and detect possible financial statement fraud (fraudulent financial reporting). Students will learn about and apply analytical tools to identify anomalies in an organization’s financial reports. In addition, students will analyze and assess non-financial data that may relate to financial statement manipulations. Cases are used to discuss fraud issues.

This course is designed to be useful particularly for those who aspire to be anti-fraud professionals, such as corporate risk management and compliance officers, fraud examiners, forensic/fraud analysts, internal fraud auditors, etc. (LO 1,2,3)

Spring 2017 - MIIS, Spring 2018 - MIIS

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Big Data is at the forefront of importance across many business decisions to include risk management. The challenge is coming up with organized, targeted ways to get at the relevant data among the seemingly overwhelming mass of data to address selected management/business questions/problems. With technology, big data analytics provides a method/tool to address that challenge. All businesses can become victims of fraud, thereby suffering financial and non-financial (e.g. reputational) losses. Auditors/fraud examiners/anti-fraud professionals can integrate big data analytics technology to identify abnormalities and fraudulent transactions to mitigate/stop losses from fraud.

This course will focus on selected topics within Forensic Accounting and covered on the CFE (Certified Fraud Examiner) Exam. Students will learn about different types of occupational (employee/internal) fraud schemes as defined by the ACFE (Association of Certified Fraud Examiners). This course will focus on data analytics for fraud detection & investigation. Specifically, topics include fraud data analytics for cash skimming & larceny, billing schemes, payroll schemes, expense reimbursement schemes, and corruption. Students will have “hands-on experience” using Data Analysis Software (CaseWare IDEA) to learn how to identify red flags/abnormalities in selected fraud schemes. Cases will be used in the course.

Spring 2017 - MIIS, Spring 2018 - MIIS

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This course is concerned with the theory and practice of financial accounting. The course, while of necessity having to deal with some of the details inherent in accounting, will focus on developing in the student an understanding of the conceptual basis of financial accounting and on linking that foundation to business decisions.

Fall 2016 - MIIS, MIIS Second Half of Term, Fall 2017 - MIIS, MIIS Second Half of Term

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Starting a new business is exciting for entrepreneurs/start-ups. In order to be successful, among other things, entrepreneurs/small business owners must keep scores of their business performance and maintain sufficient cash flows. Preventing losses from fraud is also important as it can adversely affect both profitability and cash flows of the business. This workshop focuses on accounting and embezzlement prevention for entrepreneurs/start-ups/small businesses. While this workshop is designed for entrepreneurs/small businesses, those who desire to work for non-profits/NGOs may find knowledge and skills learned from this workshop useful in non-profit settings.

Fall 2016 - MIIS, MIIS Workshop, Fall 2017 - MIIS, MIIS Workshop

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Fraud and misconduct acts can adversely affect organizations. The impacts of fraud on businesses include, while not limited to, financial losses, fines and litigation costs as result of regulatory noncompliance, and negative reputational damage. Organizations need to have an effective fraud risk management program in order to mitigate, prevent, detect and respond to fraud risk. A sound compliance program is also critical and essential to the fraud risk management program as corporations are required to comply with legal and regulatory requirements, such as the Sarbanes-Oxley Act (SOX), and the Foreign Corruption Practice Act (FCPA). This course will explore key components and steps for developing a fraud risk management program to mitigate fraud risks and regulatory noncompliance with respect to corporations. Cases are used in class. The topic of Fraud Risk Management is covered on the CFE (Certified Fraud Examiner) Exam.

Fall 2017 - MIIS, MIIS Workshop

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Summer 2016 - MIIS, Summer 2017 - MIIS

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Areas of Interest

People generally perceive accounting as being a “boring,” rules-focused endeavor. However, my personal interests are quite the opposite. I like to be creative in cooking (like not following recipes/rules); but that does not mean being a creative accountant – like “cooking the books.” It’s when people try to “cook the books” that fascinates me and energizes my teaching and research. I also like to be creative in sports – tennis and pickleball. (Pickleball? Google it – that is what is great about technology – such as Googling to obtain the thrill of discovery regarding the fraud cases I want to learn/teach/write about.)

Academic Degrees

  • PhD in Accounting, Flinders University of South Australia, South Australia
  • Masters of Accounting, Curtin University of Technology, Western Australia
  • BBA with Honors, the University of Hawaii at Hilo, USA

Professor Chan has been teaching at the Institute since 2001.

Publications

  • Effects of Exchange Rates on International Transfer Pricing Decisions
  • Tax Rates, Incentives and Transfer Pricing Choice
  • International Transfer Pricing: A Comparison of Two Models
  • Doing Business with the Peoples' Republic of China: How to Steer Clear of Dangerous Legal Pitfalls
  • The Changing Role of Management Accountants in a Customer-Focused, Quality-Driven and Value-Added World