A new course at the College of Law, "Accounting for Lawyers," was the subject of a business article in the Feb. 6 edition of The Arizona Republic.
In the article titled, "Scottsdale CPA to teach ASU students how to play detective," reporter Jane Larson noted that students at the law school are being paired with accounting students to give them real-world experience.
Stan Friedman, an adjunct law professor, and Joe Epps, president of Epps CPA Consulting PLLC, who is teaching the new Forensic Accounting course at ASU's W.P. Carey School of Business, think their partnership may be the first of its kind. Accounting students will learn to dig through corporate books for fraud and embezzlement evidence or make educated guesses about lost inventory that a business sustains in a fire or natural disaster, and law students will put them on the stand to defend their discoveries in mock court, Larson reported.
The training will fill a void in university accounting programs and help accounting firms that are specializing in forensic accounting.
Under the tutelage of Friedman, a retired senior partner at PricewaterhouseCoopers LLP, law students are learning to examine financial accounts and question expert financial witnesses.
"They're not going to be accountants when it's over, but they're going to have a pretty complete understanding of the vocabulary and reporting structure," he said.