Frank Nekrasz
Clinical Assistant Professor of Accountancy
Listings
Educational Background
- Ph.D., Accountancy, Dissertation: A Theoretical Investigation of Mandatory Auditor Reports on Internal Control Structues, University of Illinois at Urbana-Champaign, 1993
- M.S., Accountancy, University of Illinois at Urbana-Champaign, 1989
- B.S.B.A., Accounting, University of Rhode Island, 1981
Positions Held
- Clinical Assistant Professor, Attorneys, 2021 to present
- Clinical Assistant Professor of Accountancy, University of Illinois at Urbana-Champaign, 2018 to present
- Consultant, Attorneys, Advsied regarding a large municipal fraud, 2012-2013
- Consultant, Attorneys/Bank, Fraud investigation for a local bank, 2012
- Director, CPA Review Program, University of Illinois at Urbana-Champaign, 2007 to present
- Lecturer of Accountancy, University of Illinois at Urbana-Champaign, 2001-2018
- Senior Manager, Lefkowitz, Garfinkel, Champi, & Derienzo P.C., 1997-1999
- Assistant Professor of Accounting, Michigan Technological University, 1995-1997
- Visiting Assistant Professor of Accountancy, University of Illinois at Urbana-Champaign, 1993-1995,1999-2001
- Audit Supervisor, Sansiveri, Ryan, Sullivan & Company, 1986-1987
- Audit Supervising Senior, Arthur Young & Company (now Ernst & Young), 1985
- Audit Supervisor, Laventhol & Horwath Executive Office, 1984-1985
- Audit Senior and Staff, Laventhol & Horwath, 1981-1984
Recent Publications
- Nekrasz, F. (2013). Fraud Examination: An Overview; Nature and Extent of Fraud; Benford's Law. Introduction to Digital Forensics Information Trust Institute.
Other Publications
Articles
- Nekrasz, F. (1996). Auditor Reports on Client Internal Control Structures and Management Fraud: A Theoretical Investigation. Research in Accounting Regulation, 10.
Conference Proceedings
- Nekrasz, F. Forthcoming. The Efficacy Of External Auditor Reports On Client Internal Control Structures In Reducing Management Fraud: A Theoretical Investigation. Proceedings of the VIIIth Accounting Conference, Universite du Quebec a Montreal.
- Nekrasz, F. (1995). Strategic Auditor Behavior and Going-Concern Decisions: Discussion. Illinois Conference on Auditing Research.
Instructional Material
- Nekrasz, F., & Bremser, W. (2001). Forensic Accounting and Financial Fraud. American Management Association.
Other Publications
- Nekrasz, F. (1995). Strategic Auditor Behavior and Going-Concern Decisions: Discussion.
- Nekrasz, F. (1993). The Efficacy of External Auditor Reports on Client Internal Control Structures in Reducing Management Fraud: A Theoretical Investigation.
Presentations
- Nekrasz, F. (2003). GAFFS (Generally Accepted Fraudulent Financial Standards) or Has GAAS Become Hot Air? "Payments and Networks," Conference sponsored by the Laboratory for Aggregate Economics and Finance.
- Nekrasz, F. (2003). The Auditor and Fraud: It's Deja vu All Over Again. John Wiley & Sons Accounting Exchange.
Working Papers
- Nekrasz, F. Communications Between Predecessor and Successor Auditors and The Occurrence of Management Fraud: A Prepeated-Game-Theoretic Analysis.
Honors and Awards
- Head's Award for Excellence in Accountancy Education 2020-21, Department of Accountancy, 2021 to present
- List of Teachers Ranked as Excellent by their Students, University of Illinois at Urbana-Champaign, 1993, 1994, 1995, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021
Teaching Interests
Fraud examination courses. Auditing at the undergraduate and graduate level. In addition, interested in courses related to management fraud.
Research Interests
Management fraud and its impact on auditing.
Current Courses
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Financial Statement Fraud (ACCY 518) Introduction to fraud examination with an emphasis on financial statement fraud. The course provides a comprehensive introduction to fraud examination. The topics addressed in the course include the unique characteristics of fraud examinations and a comparison to financial statement audits, the characteristics that should be possessed by fraud examiners, an overview of the fraud examination process, the nature and extent of fraud, an introduction to the taxonomy of financial statement frauds, techniques for evidence collection including interview techniques, Benford's law, and the development of fraud reports.
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ACCY Analytics Appl - B (ACCY 578) Develops students’ knowledge regarding the role, methods, and implications of business and data analytics in accounting via real-world applications of fundamental and advanced analytics principles. Application opportunities span multiple areas of accounting, including audit, fraud identification and detection, financial accounting, and managerial accounting. After engaging in this course, students should (1) have a foundational understanding of the role of business / data analytics in accounting and (2) be able to apply this knowledge to real-world clients, business decisions, etc.
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