Accountant's Guide to Fraud Detection and Control

The US Chamber of Commerce estimates that the cost of employee and management fraud exceeds $100 billion annually. In most cases, fraud is discovered completely by accident, the perpetrator does not get convicted, and the losses are not recovered. The authors estimate that only about 20% of all fraud gets discovered at all.

From following clues to achieving a prosecution, here is sound advice that accountants and auditors will find invaluable. Businesses lose over $100 billion a year to fraud. Only 20 percent is discovered. Who s to blame? Accountants and internal auditors are often the scapegoats for management s insufficient fraud detection operations and guidelines. At last, here is comprehensive, intermediate training for evaluating, devising, and installing fraud-specific internal controls, and for conducting proactive fraud-specific examinations. Including actual case studies, the authors show accountants and auditors how to: Anticipate problems and follow clues Successfully disclose fraud Compile the evidence necessary to prosecute acts of fraud Develop investigative techniques Create effective internal controls ...and much more, to fill the needs of this crucial area. www.wiley.com/account ing

FRAUD-SPECIFIC EXAMINATIONS AND INTERNAL CONTROL.
Audit Responsibility for Fraud Detection After Cohen and Treadway.
New Perspectives on Fraud.
Principles and Standards for Fraud-Specific Examinations.
Classifying Fraud for Improved Detection.
Internal Control and Fraud-Specific Internal Control.
Establishing and Operating an Effective Fraud-Specific Internal Control System: Seven Steps to Internal Control.
Computer Fraud 101.
Fraud Case Studies.
Fraud Case Studies--Solutions.
Custodial Fraud.
INVESTIGATING FRAUD.
Investigating Suspected Fraud.
Proactive and Reactive Investigations.
PROSECUTING FRAUD.
Rules of Evidence, Fraud Discovery, and Prosecution.
The Legal Cases in Fraud.
Ethical Conduct and Fraud Prevention.
Bibliography.
Index.