The Terrorism Financing Investigation Case: An Experiential Learning Exercise

ABSTRACT The study introduces an experiential learning exercise (ELE) related to terrorism financing that enhances forensic accounting skills among students. The exercise involves collaboration with IRS Criminal Investigation special agents in a simulated investigation conducted on college campuses. Despite the significance of terrorism financing, it is under-represented in forensic accounting education. The one-day exercise engages students in tasks such as evidence analysis, interviews, use-of-force training, surveillance, and executing arrest warrants. Survey data indicate significant benefits to students’ knowledge. Post-test ANOVA results showed no significant difference between students majoring in fraud and forensics and those in accounting. The pre-test did show a difference, suggesting the gap between majors has decreased. The paper also provides implementation guidance and perspectives from various stakeholders, such as academia and forensic practitioners.