Corporate Fraud Handbook: Prevention and Detection / Edition 3

Corporate Fraud Handbook: Prevention and Detection / Edition 3

2.0 1
by Joseph T. Wells
     
 

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ISBN-10: 0470638788

ISBN-13: 2900470638780

Pub. Date: 05/03/2011

Publisher: Wiley

It is much more cost effective to prevent fraud than to punish it and such is the focus of this comprehensive book, Occupational Fraud and Abuse Second Edition by Joe Wells and the Association of Certified Fraud Examiners. Like no other book on fraud, this book explains fraud schemes used by employees, owners, managers, and executives to defraud their customers

Overview

It is much more cost effective to prevent fraud than to punish it and such is the focus of this comprehensive book, Occupational Fraud and Abuse Second Edition by Joe Wells and the Association of Certified Fraud Examiners. Like no other book on fraud, this book explains fraud schemes used by employees, owners, managers, and executives to defraud their customers and illustrates each scheme with real-life case studies submitted to the ACFE by acutal fraud examiners who aided in the case resolutions. It shows the reader how to spot the "red flags" of fraud, how to comply with recent regulations including Sarbanes-Oxley, and how to develop and implement effective preventative measures

Product Details

ISBN-13:
2900470638780
Publisher:
Wiley
Publication date:
05/03/2011
Series:
ACFE Series
Edition description:
Older Edition
Pages:
456

Table of Contents

Prefacevii
About the ACFEx
1.Introduction1
Defining Occupational Fraud and Abuse1
Research in Occupational Fraud and Abuse5
The 2004 Report to the Nation on Occupational Fraud and Abuse24
Part IAsset Misappropriations
2.Introduction to Asset Misappropriations51
Overview51
Definition of Assets51
How Asset Misappropriations Affect Books of Account52
3.Skimming63
Case Study: Shy Doc Gave Good Face63
Overview67
Skimming Data from ACFE 2004 National Fraud Survey67
Unrecorded Sales73
Understated Sales and Receivables77
Theft of Checks through the Mail78
Case Study: Beverage Man Takes a Plunge80
Short-term Skimming83
Converting Stolen Checks84
Concealing the Fraud87
Detection92
Prevention93
4.Cash Larceny97
Case Study: Bank Teller Gets Nabbed for Theft97
Overview100
Cash Larceny Data from ACFE 2004 National Fraud Survey100
Incoming Cash105
Cash Larceny from the Deposit110
Case Study: The Ol'Fake Surprise Audit Gets 'em Every Time113
Miscellaneous Larceny Schemes115
Detection115
Prevention117
5.Check Tampering119
Case Study: A Wolf in Sheep's Clothing119
Overview122
Check Tampering Data from ACFE 2004 National Fraud Survey122
Forged Maker Schemes128
Intercepted Checks133
Forged Endorsement Schemes133
Altered Payee Schemes137
Concealed Check Schemes140
Authorized Maker Schemes141
Concealment144
Case Study: What Are Friends For?146
Detection152
Prevention153
6.Register Disbursement Schemes157
Case Study: Demotion Sets Fraud in Motion157
Overview160
Register Disbursement Data from ACFE 2004 National Fraud Survey160
False Refunds165
Case Study: A Silent Crime167
False Voids170
Concealing Register Disbursements172
Detection173
Prevention174
7.Billing Schemes175
Case Study: Medical School Treats Fraud and Abuse175
Overview179
Billing Scheme Data from ACFE 2004 National Fraud Survey179
Cash-Generating Schemes184
Invoicing via Shell Companies184
Invoicing via Nonaccomplice Vendors189
Case Study: For This Magazine, Internal Fraud Proved Hard to Digest190
Personal Purchases with Company Funds194
Detection200
Prevention201
8.Payroll and Expense Reimbursement Schemes203
Case Study: Say Cheese!203
Overview206
Payroll Scheme Data from ACFE 2004 National Fraud Survey206
Expense Reimbursement Schemes222
Case Study: Frequent Flier's Fraud Crashes222
Expense Reimbursement Data from ACFE 2004 National Fraud Survey225
Detection of Payroll Schemes236
Detection of Expense Reimbursement Schemes237
Prevention of Payroll Schemes238
Prevention of Expense Reimbursement Schemes240
9.Inventory and Other Assets241
Case Study: Chipping Away at High-Tech Theft241
Overview: Non-Cash Misappropriation Data from ACFE 2004 National Fraud Survey244
Misuse of Inventory and Other Assets250
Theft of Inventory and Other Assets251
Case Study: Hard Drives and Bad Luck258
Concealment263
Detection265
Prevention269
Part IIBribery and Corruption
10.Bribery273
Case Study: Why Is This Furniture Falling Apart?273
Overview276
Corruption Data from ACFE 2004 National Fraud Survey280
Bribery Schemes285
Case Study: Keep Your Eye on the Salesman?295
Something of Value298
Economic Extortion299
Illegal Gratuities299
Detection299
Prevention302
11.Conflicts of Interest305
Case Study: Working Double Duty305
Overview309
Purchase Schemes310
Sales Schemes312
Other Schemes313
Case Study: A Parasite Farm314
Detection316
Prevention317
Part IIIFraudulent Statements
12.Fraudulent Statements321
Introduction321
Fraud in Financial Statements325
Major Generally Accepted Accounting Principles328
Responsibility for Financial Statements332
Users of Financial Statements332
Types of Financial Statements333
The Sarbanes-Oxley Act334
Financial Statement Fraud Data from ACFE 2004 National Fraud Survey345
13.Fraudulent Financial Statement Schemes353
Case Study: That Way Lies Madness353
Methods of Financial Statement Fraud359
Fictitious Revenues359
Timing Differences362
Case Study: The Importance of Timing367
Concealed Liabilities and Expenses368
Improper Disclosures371
Improper Asset Valuation373
Detection of Fraudulent Financial Statement Schemes378
Prevention of Financial Statement Fraud395
Case Study: All on the Surface397
14.Occupational Fraud and Abuse: The Big Picture401
Defining Abusive Conduct401
Measuring the Level of Occupational Fraud and Abuse402
Understanding Fraud Deterrence405
The Corporate Sentencing Guidelines409
The Ethical Connection411
Concluding Thoughts412
AppendixCode of Business Ethics and Conduct415
Bibliography427
Index435

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Corporate Fraud Handbook: Prevention and Detection 2 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago