Business Frauds and Scandals in Asia: Red Flags For Accounting and Forensics

Overview

Fascinating, prescriptive, entertaining, instructive—takes you on a journey through the shadowy world of business fraud, in Asia and around the world

We live in exceptionally greedy times, and great greed spawns great fraudulence. Written by a Singapore-based business fraud expert with broad international experience, this book arms you with state-of-the-art weaponry for identifying fraud in your midst and stopping it before serious damage can occur. Author Sarjit Singh clues you...

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Overview

Fascinating, prescriptive, entertaining, instructive—takes you on a journey through the shadowy world of business fraud, in Asia and around the world

We live in exceptionally greedy times, and great greed spawns great fraudulence. Written by a Singapore-based business fraud expert with broad international experience, this book arms you with state-of-the-art weaponry for identifying fraud in your midst and stopping it before serious damage can occur. Author Sarjit Singh clues you in on the six major categories of financial gimmickry, as well as the dozen most common tricks companies have used for decades to mislead auditors and investors. He also offers up-to-the-minute insights into how those old tricks have been adapted for today's technologically advanced, financially savvy investment world.

  • Features many real-life examples drawn from the author's first-hand experience as a financial fraud detective
  • Offers expert advice and guidance on how to spot an array of frauds involving everything from revenue tricks to expense traps to liability scams and more
  • Packed with international case studies, from Satyam and China Aviation to Enron to AIG, Bernie Madoff to Societie Generale and many more
  • Provides unique insights into the top ten financial scandals that rocked our world, the top ten fraudsters of all time and top ten warning signs that a company is in trouble
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Product Details

  • ISBN-13: 9781118553091
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 10/6/2014
  • Series: Wiley Corporate F&A Series , #642
  • Edition number: 1
  • Pages: 352

Table of Contents

Part 1 – Sharing the US, Asian & Singapore Experience and Rogue Company Profiling
1. Critical Thinking – “The Magic of David Copperfield”
2. Reflections - “The Last Days of Lehman”
3. Hard Truths – The US, Asian and Singapore Experiences and Fraud Statistics
4. What Types of Companies are most likely to use Financial Gimmicks?
5. Top 10 Financial Scandals that Rocked the World
6. Story Time – “The Inside Story of a Trader Who Blew a Billion Dollars”
Part 2 – Fraudsters and the Fraud Triangle
7. Why do Financial Gimmicks Exist? Where are they most likely to Occur?
8. What is the “Fraud Triangle”? Why do Auditors Use this?
9. Risk Factors
10. Who are the Top 10 Financial Fraudsters in the World? Looking Inside the Mind of a Criminal
11. Story Time – “Spotting a Fraudster”
Part 3 – Six Categories of Financial Gimmicks & Fundamental Tricks and Techniques for Detecting Fraud
12. What are the 6 Categories of Financial Gimmicks?
13. What are the 12 Fundamental Tricks that Companies use to mislead Auditors and Investors?
14. What are the Techniques for Detecting Financial Gimmicks and Fraud?
15. Case Study – An Insight to the Collapse of a Listed Company
16. Story Time – “Time is Money”
Part 4 – Financial Reporting Quality: Red Flags and Accounting Warning
17. Motivations for Management to Manipulate Earnings and Cash Flow.
18. Identify the Accounting Tricks to Lower Earnings Quality.
19. Identify the Accounting Tricks to Manipulate Cash Flows.
20. Examples of Accounting “Warning Signs”.
21. Fraud Risk Management – Who is the “Financial Guardian”?
Part 5 – Techniques for Detecting Fraud & Process to Prevent Financial Misstatements, Summary
22. Corporate Governance – A Special Edition on S-Chips.
23. How can Financial Misstatements be Prevented: The 4-Pronged Attack?
24. Top 10 Signs that a Company is in Trouble.
25. Checklist – Detecting Financial Statement Fraud: What Every Manager Needs to Know?
26. Story Time – “Who Wants to be a Fraud Buster?”

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