Fraud Examination / Edition 4

Fraud Examination / Edition 4

3.4 5
by W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
     
 

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ISBN-10: 0538470844

ISBN-13: 9780538470841

Pub. Date: 02/02/2011

Publisher: Cengage Learning

Recent scandals at Enron, WorldCom and other global corporations have rapidly expanded the career opportunities for fraud examination, also known as forensic accounting. This text introduces students to the problem of fraud, its investigation and prevention. Chapter subjects include conversion investigation methods, fraud reports, financial statement frauds, and legal

Overview

Recent scandals at Enron, WorldCom and other global corporations have rapidly expanded the career opportunities for fraud examination, also known as forensic accounting. This text introduces students to the problem of fraud, its investigation and prevention. Chapter subjects include conversion investigation methods, fraud reports, financial statement frauds, and legal follow-up. Each chapter includes a list of key terms, questions and cases. This second edition adds or expands discussions about the use of data analysis to detect fraud, and consumer and tax fraud. The appendix reprints financial statement fraud standards. Annotation ©2004 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9780538470841
Publisher:
Cengage Learning
Publication date:
02/02/2011
Edition description:
Older Edition
Pages:
696
Sales rank:
1,015,030
Product dimensions:
7.88(w) x 10.16(h) x 1.24(d)

Table of Contents

Part 1Introduction to Fraud
Chapter 1The Nature of Fraud3
Seriousness of the Fraud Problem4
What Is Fraud?6
Types of Fraud7
Criminal and Civil Prosecution of Fraud11
Fraud-Related Careers13
Chapter 2Who Commits Fraud and Why25
Who Commits Fraud26
Why People Commit Fraud27
The First Element: Pressure30
The Second Element: Opportunity34
The Third Element: Rationalization46
Summary49
Chapter 3Fighting Fraud: An Overview65
Fraud Prevention66
Fraud Detection68
Fraud Investigation70
Legal Action73
Summary74
Part 2Fraud Prevention
Chapter 4Preventing Fraud85
Not Everyone Is Honest86
Preventing Fraud--A Summary96
A Comprehensive Approach to Fighting Fraud97
Organizations and Fraud--The Current Model98
Part 3Fraud Detection
Chapter 5Recognizing the Symptoms of Fraud111
Symptoms of Fraud112
Accounting Anomalies114
Internal Control Weaknesses119
Analytical Anomalies121
Extravagant Lifestyles125
Unusual Behaviors126
Tips and Complaints128
Summary133
Chapter 6Proactive Approaches to Detecting Fraud143
Proactive Fraud Detection144
Deductive Method Number 1: Commercial Data-Mining Software144
Deductive Method Number 2: Digital Analysis of Company Databases145
An Inductive Fraud Detection149
Which Transaction-Based Approach Is Best?154
Analyzing Financial Statements Reports That Result from Transactions to Detect Fraud154
Detecting or Identifying Fraud Perpetrators162
Summary163
Part 4Fraud Investigation
Chapter 7Investigating Theft and Concealment179
Theft Investigation Methods181
Concealment Investigation Methods188
Summary200
Chapter 8Conversion Investigation Methods211
Federal Sources of Information213
State Sources of Information214
County and Local Records216
Private Sources of Information217
Financial Institution Records218
Publicly Available Databases218
Online Sources of Information219
The Net Worth Method221
Summary224
Chapter 9Inquiry Methods and Fraud Reports237
Honesty Testing237
Interviewing--An Overview238
Introductory Questions249
Informational Questions253
Assessment Questions262
Closing Questions268
Admission-Seeking Questions269
Signed Statements283
The Fraud Report285
Summary286
Appendix ASample Signed Statement295
Appendix BAn Example Fraud Report297
Part 5Management Fraud
Chapter 10Financial Statement Fraud335
The Growing Problem of Financial Statement Fraud335
A Framework for Detecting Financial Statement Fraud340
Summary349
Chapter 11Revenue and Inventory Frauds359
Revenue Fraud360
Inventory and Cost of Goods Sold Frauds370
Summary380
Chapter 12Liability, Asset, and Inadequate Disclosure Frauds387
Liability Fraud388
Asset Fraud399
Inadequate Disclosure412
Summary417
Part 6Other Types of Fraud
Chapter 13Fraud Against Organizations429
Fraud Statistics430
Asset Misappropriations431
Corruption436
Summary438
Chapter 14Bankruptcy and Divorce Fraud445
The Bankruptcy Code447
Participants in the Bankruptcy Process450
Participants in Divorce Cases452
Fraud Investigator's Relationship to Participants in Bankruptcy Proceedings452
The Planned Bankruptcy Fraud453
Fraudulent Concealment of Assets or Income in Bankruptcies or Divorces455
Fraudulent Transfers456
Civil Liability for False Accusations457
Summary457
Appendix AAffidavit of Proposed Investigator465
Appendix BApplication for Retention of Investigator467
Chapter 15Fraud in E-Commerce469
Fraud Risk in E-Commerce470
Preventing Fraud in E-Commerce470
Detecting E-Business Fraud475
Summary476
Part 7Resolution of Fraud
Chapter 16Legal Follow-Up483
The Court System484
The Civil Litigation Process486
The Criminal Litigation Process489
Being an Expert Witness493
AppendixFinancial Statement Fraud Standards503
Appendix503
Bibliography513
Glossary515
Index523

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