Policies and Procedures to Prevent Fraud and Embezzlement: Guidance, Internal Controls, and Investigation / Edition 1

Paperback (Print)
Buy New
Buy New from BN.com
$55.82
Used and New from Other Sellers
Used and New from Other Sellers
from $7.48
Usually ships in 1-2 business days
(Save 89%)
Other sellers (Paperback)
  • All (13) from $7.48   
  • New (4) from $24.93   
  • Used (9) from $7.48   

Overview

IS YOUR BUSINESS VULNERABLE TO FRAUD?

It's not a secret that corporate fraud and scandal are real threats to business today, from which no business, large or small, is immune. Fraud losses are devastating-but they are also highly avoidable. Policies & Procedures to Prevent Fraud and Embezzlement shows you how to proactively safeguard your business's assets and reputation from countless plots, schemes, and even identity theft.

This invaluable tool prepares auditing CPAs, internal auditors, fraud investigators, and managers to:

  • Thoroughly evaluate their organization's system of internal controls
  • Assemble a fraud examination team
  • Document a fraud action plan
  • Expose weaknesses that could lead to fraud
  • Take corrective action to reduce the possibility of victimization

Embezzlement and fraud are realities that all organizations must confront, with the growing list of collapsed corporate giants serving as evidence of the destruction caused by financial abuses. Policies & Procedures to Prevent Fraud and Embezzlement offers provocative new strategies to deal with this ongoing dilemma and serves as a road map to reduce financial dishonesty in the workplace.

Read More Show Less

Product Details

  • ISBN-13: 9780471790037
  • Publisher: Wiley
  • Publication date: 4/14/2006
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 336
  • Product dimensions: 8.50 (w) x 11.00 (h) x 0.70 (d)

Meet the Author

EDWARD J. McMILLAN, CPA, CAE, is an experienced fraud examiner and teaches fraud prevention courses to organizations such as the American Institute of CPAs, the Maryland Association of CPAs, other state societies of CPAs, the U.S. Chamber of Commerce, and the American Bar Association, among others. He also speaks regularly on the subject of fraud prevention at business conventions of all types.

Read More Show Less

Table of Contents

About the Author.

Acknowledgments.

Preface.

Disclaimer.

About the Companion Website.

Section 1 Embezzlement: Who Does It and When.

The Perpetrators: Who They Are, Why They Do It, and How They Are Caught.

The Embezzler’s “Window of Opportunity”.

Section 2 Statement of Auditing Standard No. 99 “Consideration of Fraud in a Financial Statement Audit”.

Statement of Auditing Standard No. 99 “Consideration of Fraud in a Financial Statement Audit”.

Section 3 Essential Internal Control and Administrative Procedures to Avoid Embezzlement.

The Background Check.

Conditions of Employment Agreement.

Conflicts of Interest.

Nepotism.

Whistleblowers.

Noncompete Agreements.

Confidentiality of Information.

Bonding Issues.

Signers on Bank Accounts.

Two-Signature Checks.

Lockbox.

Positive Pay.

Deposit Security and Restrictive Endorsements.

Check Stock.

Cash Transactions.

Cash Register Issues.

Insurance Committees.

Computer File Backups.

Check and Wire Transfer Signatures.

Inventory Issues.

Company Credit Cards.

Lines of Credit.

Bad Debt Policy.

Internal Audits.

Stop Payment Orders.

Voiding Checks.

Numbered Check Request Forms.

Expense Accounts.

CPA Management Letters.

Random Disbursement Checks.

CHECK 21.

Section 4 Clever Examples of Embezzlement.

Payroll Tax Deposits.

Check Switching.

Ghosts on the Payroll and Ghost Vendors.

The Danger of Acronyms.

Bank Account Reconciliations.

Wire Transfers.

Postage Issues.

Kiting.

Manual Checks (Handwritten and Typed).

Auditing Receipts.

Section 5 Steps to Take If You Have Been Victimized by Fraud.

Documenting a Fraud Action Plan.

Fraud Examinations and Assembling the Fraud Team.

The Basics of Forensic Accounting.

Section 6 Identity Theft.

Identity Theft Issues.

Section 7 Internal Control Analysis, Documentation, and Recommendations for Improvement.

CPA Financial Statements, Management Letters, and Consulting Agreements.

Fraud Glossary.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)