Fraud 101: Techniques and Strategies for DetectionUnique insights into the nature of fraud and how to expose it It's not enough to wait for a tip to expose corporate fraud. Fraud 101, Second Edition provides step-by-step guidance on how to perform detection procedures for every major type of fraud. Its new and detailed case studies reveal how easy it can be for a perpetrator to commit a fraud and how difficult it can be to prosecute. This new edition also offers expanded coverage of financial statement fraud, fraud-specific internal control, and Sarbanes-Oxley. |
From inside the book
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Page ix
... corporate governance issues, have put fraud and especially corporate fraud securely on society's map. Society is still (and will always be) in need of the services of proactive fraud-specific investigations and investigators. The book ...
... corporate governance issues, have put fraud and especially corporate fraud securely on society's map. Society is still (and will always be) in need of the services of proactive fraud-specific investigations and investigators. The book ...
Page xiii
... Corporate Fraud APPENDIX B Symptomatic Fraud Investigation Case Study APPENDIX C Fraud-Specific Contract Review Case Study APPENDIX D World Top Corporation Case Study Glossary Index 142 151 153 154 156 162 163 165 167 171 172 174 177 ...
... Corporate Fraud APPENDIX B Symptomatic Fraud Investigation Case Study APPENDIX C Fraud-Specific Contract Review Case Study APPENDIX D World Top Corporation Case Study Glossary Index 142 151 153 154 156 162 163 165 167 171 172 174 177 ...
Page xvii
... corporate fraud and the subsequent legislation through Sarbanes-Oxley have increased public awareness. Hopefully, with the advent of hotlines and tip lines, the incidence of discovering fraud from tips will grow. On the other hand ...
... corporate fraud and the subsequent legislation through Sarbanes-Oxley have increased public awareness. Hopefully, with the advent of hotlines and tip lines, the incidence of discovering fraud from tips will grow. On the other hand ...
Page 1
... corporate incidents have shown us, financial losses arising from fraudulent activity may lead to layoffs, plant closures, or even business failures. For those companies able to survive 1 FRAUD 101: Chapter 1: THE WORLD OF FRAUD.
... corporate incidents have shown us, financial losses arising from fraudulent activity may lead to layoffs, plant closures, or even business failures. For those companies able to survive 1 FRAUD 101: Chapter 1: THE WORLD OF FRAUD.
Page 4
... corporate events, and indeed the ensuing legislation, have recognized that management can control the situational pressures and the personal integrity of employees by not only knowing their people, but setting the tone themselves ...
... corporate events, and indeed the ensuing legislation, have recognized that management can control the situational pressures and the personal integrity of employees by not only knowing their people, but setting the tone themselves ...
Contents
1 | |
9 | |
23 | |
Chapter 4 PROACTIVE FRAUD INVESTIGATIONS AN INTRODUCTION | 33 |
Chapter 5 PROACTIVE FRAUD INVESTIGATIONS CONDUCTING THE INVESTIGATION | 55 |
Chapter 6 ELEMENTARY FRAUD TYPES | 71 |
Chapter 7 FRAUD DEFECTIVES | 89 |
Chapter 8 CONTRACT RIGGING FRAUD | 113 |
Chapter 11 SYMPTOMATIC FRAUD INVESTIGATION | 163 |
Chapter 12 FRAUD INVESTIGATION ALTERNATIVES | 177 |
Appendix A ANATOMY OF A CORPORATE FRAUD | 187 |
Appendix B SYMPTOMATIC FRAUD INVESTIGATION CASE STUDY | 197 |
Appendix C FRAUDSPECIFIC CONTRACT REVIEW CASE STUDY | 209 |
Appendix D WORLD TOP CORPORATION CASE STUDY | 215 |
GLOSSARY | 223 |
INDEX | 229 |
Other editions - View all
Fraud 101: Techniques and Strategies for Detection Howard Silverstone,Howard R. Davia No preview available - 2005 |
Fraud 101: Techniques and Strategies for Detection Howard Silverstone,Howard R. Davia No preview available - 2005 |
Common terms and phrases
accepted auditing standards actual AICPA Alpha audit committee award bidders building cash Certified Fraud Examiners Certified Public Accountants checks code of conduct commit fraud company’s conspirator contract change order contract rigging fraud contracting entity corporate cost criminal defective delivery fraud delivered discovered documents duplicate payment fraud employees Enron entity’s evidence of fraud example financial statement audit financial statement fraud fish forensic accountants fraud detection Fraud Examiners fraud perpetrators fraud type fraud-specific investigations fraudulent gifts gratuity indicia of fraud installed internal auditors internal controls inventory invoice Line Item ment multiple payee fraud Murphy Brothers Occupational Fraud occurred percent performed proactive fraud investigations proactive fraud-specific procedures product or service prosecution public companies purchase order reactive Sandra Sarbanes-Oxley Sarbanes-Oxley Act shell fraud Spencer sprinkler heads suspected theft tion tors traditional auditors transactions type of fraud vendor or contractor walleye warehouse World Top WorldCom
Popular passages
Page xviii - Good name in man and woman, dear my lord, Is the immediate jewel of their souls : Who steals my purse, steals trash ; 'tis something, nothing ; 'Twas mine, 'tis his, and has been slave to thousands : But he that filches from me my good name Robs me of that which not enriches him, And makes me poor indeed, Oth.
Page xviii - Watson," said he, as we reentered our room. "Once that warrant was made out, nothing on earth would save him. Once or twice in my career I feel that I have done more real harm by my discovery of the criminal than ever he had done by his crime. I have learned caution now, and I had rather play tricks with the law of England than with my own conscience. Let us know a little more before we act.
Page 140 - Item 406, the term code of ethics means written standards that are reasonably designed to deter wrongdoing and to promote: (1) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; (2) Full, fair, accurate, timely, and understandable disclosure in reports and documents that...
Page 2 - And this has happened — how?" "From a caprice of nature, not from the ignorance of man. Not a mistake has been made in the working. But we cannot prevent equilibrium from producing its effects. We may brave human laws, but we cannot resist natural ones.
Page 16 - He is a watch-dog, but not a bloodhound. He is justified in believing tried servants of the company in whom confidence is placed by the company. He is entitled to assume that they are honest, and to rely upon their representations, provided he takes reasonable care. If there is anything calculated to excite suspicion he should probe it to the bottom; but in the absence of anything of that kind he is only bound to be reasonably cautious and careful.
Page 16 - An auditor is not bound to be a detective, or, as was said, to approach his work with suspicion or with a foregone conclusion that there is something wrong. He is a watch-dog, but not a bloodhound. He is justified in believing tried servants of the company in whom confidence is placed by the company. He is entitled to assume that they are honest, and to rely upon their representations, provided he takes reasonable care.
Page 84 - We can't all be heroes because somebody has to sit on the curb and clap as they go by.
Page 12 - Professional judgment requires auditors to exercise professional skepticism, which is an attitude that includes a questioning mind and a critical assessment of evidence. Auditors...
Page 20 - Consideration of Fraud in a Financial Statement Audit" Statement of Auditing Standard No.