On March 10th, ten Franklin High School Accounting students traveled to Lakeland College in Sheboygan to compete in Lakeland’s second annual Forensic Accounting competition. The competition consisted of a team of students “investigatigating” and presenting their findings on a past fraud case. This year, students learned about the Koss Corporation Fraud Case from 2009, where Sue Sachdeva was convicted of stealing $34 million from Koss (the headphone makers).
Students learned more about the company, how the crime was committed, and how it could have been prevented. Along with presenting their findings to a panel of judges, students were given the opportunity to learn more about careers in the accounting field, how to start thinking about what college path is right for them, and listen to guest speakers Jennifer Walkowski and Brian Due. Walkowski and Due were actual FBI agents involved in the Koss Case and showed the students picture of many of the items they seized from Sue’s house. Walkowski then explained how she started off as “normal” accountant and then applied for a job in the FBI.
The event really emphasized how accounting is moving away from the typical bookkeeping “debits and credits” and can be applied to a wide variety of jobs in many fields. It also exposed students to what a small college is like as Lakeland only has a population of 800 students, less than Franklin High School. This event was just one of the many great opportunities that are presented to students in high school to explore options for their future. If you are interested in a career in Forensic Accounting, fraud investigation, business or possibly even as an FBI agent be sure to check out Lakeland’s Forensic Accounting competition next year!