Del 638 - Wiley Corporate F&A

Detecting Fraud in Organizations

Techniques, Tools, and Resources

Inbunden, Engelska, 2013

AvJoseph R. Petrucelli,Joseph R Petrucelli

859 kr

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A savvy examination of where people and value meet, creating the opportunity for fraud An essential reference for all business professionals, Detecting Fraud in Organizations: Techniques, Tools, and Resources explains the process of how people commit fraud, as well as how to prevent and stop fraud from occurring in your organization. Organized by business processes which succinctly describe how fraud manifests itself on a daily basis, the authors explain ways in which everyone can help guard against fraud by familiarizing themselves with its building blocks and methods used to perpetrate and conceal it. Filled with situational examples the book is accompanied by a website featuring fraud simulations, business process maps, and other useful tools for combating fraud. Focuses on the people who perpetrate fraud and those who are tasked with preventing and detecting itUniquely organized by business processes for more relevance and easier understanding by those people working within organizationsShows how subtle factors play a large role in identifying and ferreting out fraud in addition to the traditional knowledge of fraud schemes giving people and organizations the edge they need to be successful in prevention and deterrenceCompanion website includes additional fraud simulations, business process maps, and useful toolsThe price of fraud can be devastating to your business. Detecting Fraud in Organizations: Techniques, Tools, and Resources equips you and others in your organization with essential information and tools necessary to proactively catch fraud, reduce losses, improve efficiencies and develop actionable controls.

Produktinformation

Utgivningsdatum2013-03-12
Mått158 x 234 x 33 mm
Vikt590 g
FormatInbunden
SpråkEngelska
SerieWiley Corporate F&A
Antal sidor384
FörlagJohn Wiley & Sons Inc
ISBN9781118103142

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JOSEPH R. PETRUCELLI, CPA/CFF, FCPA, CVA, CFFA, PSA, CFE, is a founding partner of PP&D Accounting Services, Inc., and Fraud Forces, Inc., where he provides forensic accounting, tax, and consulting services, including testifying and preparing for trial as a qualified expert. He is also an adjunct professor teaching accounting and taxation-related courses, including advanced forensic accounting. He was part of the development team on the fraud risk management and detection certification curriculum of Consultants' Training Institute (CTI), a division of the National Association of Certified Valuators and Analysts (NACVA).

Preface ixAcknowledgments xiIntroduction 1The 800-Pound Friendly Gorilla 1Numbers Don’t Lie, People Do 3An Overview of Fraud 4The One-Minute Fraud Mysteries 8A Few Tips for Detecting Fraud As You Begin 13Setup 16Chapter 1: Understanding Fraud: What is Fraud, and Why Does It Continue to Happen? 19People are Greedy—How Greedy are You? 20One-Minute Fraud Mystery: Trust Us Inc. 21Distinguishing among Deterrence, Prevention, and Detection 22The Increased Risk of Fraud Loss 35Divergent and Convergent Thinking 36Critical Thinking Requires Critical Questions 40The Personality Traits of a Fraudster 45The Moral Compass 48The Elements of Fraud: MIRD 48Education about Fraud 52Confusion about Responsibility 55Complexity 56Summary 60One-Minute Fraud Mystery Analysis 62Chapter 2: Fraud Detection Approaches 69Why Doesn’t Enhanced Legislative, Regulatory, and Professional Oversight Help to Prevent Fraud? 70One-Minute Fraud Mystery: Big Fish Investment Inc. 72Principles and Rules Alone Cannot Eliminate All Fraud 74A Real-World Perspective 76Getting a Handle on Transactions 79The 10 Forensically Accepted Generally Accepted Accounting Principle Assumptions 81Summary 107One-Minute Fraud Mystery Analysis 109Chapter 3: Deciding to Commit Fraud: What is the “Something” That Coerces People to Cross the Line? 119One-Minute Fraud Mystery: The House of Worship 122Do You Really Know What the People in Your Organization are Thinking? 122The Four Generations and Motivation 128Pinpointing the Fraudster 133The Three Most Prevalent Types of Fraud 133An Accounting Creed 135The Consequences of Fraud 137Summary 149One-Minute Fraud Mystery Analysis 150Chapter 4: How to Act Like a Fraudster: To Catch a Fraudster, You Need to Think Like One 155One-Minute Fraud Mystery: Catch Me If You Can Inc. 157The Six Ps of Successful Fraudsters 158The Characteristics of a Fraudster 161Fraudsters and Their Organizations 170Summary 177One-Minute Fraud Mystery Analysis 178Chapter 5: The Dynamics of Business: Everything is Related—from People to Processes to Outside Influences 185One-Minute Fraud Mystery: Accrual Inc. 189Control-Point Links and Accountability 190The Layers of Trust 191Responsibility Chains 193A Failure in Management 194More Than the Bottom Line 196Outside Influences 199Organizational Failures 203Understanding Cash Flow 206Summary 211One-Minute Fraud Mystery Analysis 212Chapter 6: Understanding the Accounting Process 219One-Minute Fraud Mystery: Sneakers are Us Inc. 223Understanding the Sale of Goods 224Deceptive Data 235Computerized Fraud Techniques 237Operating Expenses 240Balanced Principles 246Balance-Sheet Components 252Statement of Cash Flow 252Ratio Analysis 257Building a Case: Document Organization, Data Analysis, and Lifestyle Analysis 261Summary 264One-Minute Fraud Mystery Analysis 265Chapter 7: It All Comes Down to Cash 271One-Minute Fraud Mystery: Yankee Property Management 275Handling Cash 276Cash Disbursement Controls 279Cash and Fraud 282Classifications of Cash and Cash-Equivalent Fraud Schemes and Scenarios 285Fraud Control Points in the Organizational Process 302Summary 303One-Minute Fraud Mystery Analysis 304Chapter 8: Final Thoughts: Handy Tips and Quick Checklists for Reference 309POP: Finding the Next Potential-Fraud Kernel in Your Organization 310Quick References on the Fundamentals of Fraud 311GAAP versus FAGAAPA: A Summary 315Five Categories of Fraud 319Why Auditors and Accountants Fail to Detect Fraud 326Red Flags for Potential Fraud 327Using the Accruals-to-Assets Ratio 327A Simple Fraud Risk Plan 330Conclusion 333Afterword 337Bibliography 339About the Author 343About the Website 345Index 347