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Accountant's Guide to Fraud Detection and Control, 2nd Edition  From internal control structures that are not fraud-specific to insufficient communication in the fraud discovery-to-investigation and conviction process, fraudulent activity is a widespread fact of life in the business world. Historically, the corporate tendency has been to react to fraud after the fact, rather than to be proactive in its prevention. And in most cases, blame is directed at accountants and auditors. Unfortunately, these officers are rarely provided with the resources, proper training, and commitment from top management that are essential to effective fraud detection and control. The Accountant s Guide to Fraud Detection and Control offers comprehensive direction for this largely uncharted area.
Two types of fraud are addressed in this book: fraudulent financial reporting, also known as "Treadway" fraud, usually originating in the top management sector; and "asset-theft" fraud, the more common and more costly type, likely to be practiced by virtually anyone, including outsiders. Treadway fraud is being adequately detected by independent auditors (CPAs) in their annual audits. Asset-theft fraud is not being adequately detected by anyone, with very few exceptions. From following clues to achieving a prosecution, here is sound advice that accountants and auditors will find invaluable. Businesses lose over $100 billion a year to fraud. Only 20 percent is discovered. Who s to blame? Accountants and internal auditors are often the scapegoats for management s insufficient fraud detection operations and guidelines. At last, here is comprehensive, intermediate training for evaluating, devising, and installing fraud-specific internal controls, and for conducting proactive fraud-specific examinations.
Including actual case studies, the authors show accountants and auditors how to: - Anticipate problems and follow clues
- Successfully disclose fraud
- Compile the evidence necessary to prosecute acts of fraud
- Develop investigative techniques
- Create effective internal controls . . . and much more, to fill the needs of this crucial area.
Format: Hardcover, 384 pages, March 2000
Authors: Howard R. Davia, Patrick C. Coggins, John C. Wideman, Joseph T. Kastantin
Item #: 978-0-471-35378-7
Price: $92.00 (US) Table of Contents Introduction.
Part One: Fraud and Forensic Accounting Overview.
1. Fraud in Society.
What Is Fraud?
Types of Fraud.
What the Numbers Tell Us about Fraud.
The Social Consequences of Economic Crime.
Notes.
Suggested Readings.
2. Understanding the Basics of Financial Accounting.
Introduction.
The Father of Accounting.
The Five Accounting Cycles.
Journals.
Tying the Thread.
Note.
Suggested Readings.
3. The Entities.
Introduction.
Proprietorships.
Partnerships.
Corporations.
Notes.
Suggested Readings.
4. Fundamental Principles of Analysis.
Good Analysis = Due Diligence?
Why Do It?
Analysis for the Non-Expert.
Analysis through a Case Study.
To the Future.
Note.
Suggested Readings.
5. The Role of the Accounting Professional.
The Importance of Accounting Professionals in the Investigation.
The Audit Process.
Internal Controls.
Notes.
Suggested Reading.
Part Two: Financial Crime Investigation.
6. Business as a Victim.
Introduction.
Employee Thefts.
Payroll Fraud.
Fraudulent Billing Schemes.
Fraud Committed by Outsiders.
Management Thefts.
Corporate Thefts.
Notes.
Suggested Readings.
7. Business as a Vehicle.
Introduction.
Organized Crime and Business.
The Lifecycle Model of Traditional Organized Crime.
The Shared Profit Motive.
Money Laundering.
Cyber-Laundering.
Summary.
Notes.
Suggested Readings.
8. Case Generation.
Introduction 119
The Investigative Process—The Investigation Life Cycle.
Summary.
Notes.
Suggested Readings.
9. Interviewing Financially Sophisticated Witnesses.
Introduction.
The Interview Process.
Bringing Closure to the Interview.
Interviews in Financial Crime.
Summary.
Notes.
Suggested Readings.
10. Analytical Techniques for Financial Crime Investigation.
Introduction.
Getting Organized.
The Process of Proof.
The Logic of Argument.
The Inferential Nature of Proof.
Summary.
Notes.
Suggested Readings.
11. Inference Network Analysis.
Introduction.
Linking Inferences.
The Investigative Inference Model.
Summary.
Notes.
Suggested Readings.
12. Implementing the Investigative Inference Model.
Introduction.
The Key List.
Plotting the Chart.
Some Tips for Plotting Success.
Applying the Chart to the Investigative Process.
Summary.
Notes.
Suggested Readings.
13. Documenting the Investigation.
Introduction.
The Casebook System.
Components of the System.
Closing the Book on the Casebook System.
Notes.
14. Testifying in Financial Crime Cases.
Introduction.
The Role of the Professional Witness.
Communicating Your Knowledge.
The Role of the Financial Crime Expert in Litigation.
Summary.
Notes.
Suggested Readings.
Appendix A: Key List.
Appendix B: Federal Rules Of Evidence.
Glossary.
Index. |
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