Corporate Fraud

Chapter 1. Overview.
Varieties of Fraud/Perspective.
More Than Fraudulent Financial Statements.
Emphasis: Recognition and Detection--Case Studies.
Major Management Fraud Is Different.
Chapter 2. Perspective (ACFE Studies).
1996 and 2002 ACFE Reports to the Nation.
Breakdown of Estimated Total Occupational Fraud Loss by MajorCategory.
Classifications.
Chapter 3. Management Fraud against the Organization(General).
Characteristics.
Major Symptoms of Management Fraud.
Opportunities Afforded by the System for PerformanceAccountability.
Chapter 4. Red Flags of Management Fraud.
Six Major Fraud Profiles--Common Elements.
Red Flags of Management Fraud.
Contrast with Nonmanagement Fraud.
Bullet-Proof and Invisible Leads to Flaunting.
Chapter 5. Fraud against the Organization (Corruption).
Middlemen.
Real Estate/Related Parties.
Bribery--Contracting/Subcontracting/Leasing.
Outsourcing.
Mani pulation of Performance Bonuses/Co-opting Others.
Chapter 6. Fraud against the Organization (AssetMisappropriation).
Various General Accounting-Cycle Fraud Symptoms.
Vendor Billings--False Invoices/Phantom Vendor (ShellCompany).
Other Disbursement Fraud.
Inventory.
Skimming/Cash Receipt Misappropriation Fraud.
Chapter 7. Fraud for the Organization.
Financial Reporting.
Money Laundering/Illegal Practices.
International Arena.
Price-Fixing/Bid Rigging.
Commercial Bribery.
Chapter 8. Methodology: Detection/Investigation.
Differences--Management versus Employee
Accounting-Cycle-Type Fraud Detection/Investigation.
Recognition/Detection.
Detection/Investigation.
Investigation.
Chapter 9. CAAT Scans for Scams.
Middlemen/Related Parties.
Top-Down Forensic Monitoring.
Telltale Debits of Misappropriation.
Bank Accounts/Addresses.
Chapter 10. Conclusion.
Low Frequency of Detection/Prosecution versus EffectivePrevention.
Managerial as Well as Accounting Perspective.
History: Good Old Days.
Risk/Reward Dynamic.
Thoughts on Recent Accounting Scandals.
Appendix A: Practice Advisory 1210.A2-1: Identification ofFraud.
Appendix B: Practice Advisory 1210.A2-2: Responsibility forFraud Detection.
Appendix C: Derivation: Management Non-Financial-Statement Fraudas a Percentage of Total Occupational Fraud Loss.
Appendix D: Percentage of Total Occupational Fraud LossAttributable to Management Fraud.
Appendix E: KPMG Study.
Appendix F: Classification: Management Fraud Categories.
Glossary of Terms.
Notes.
Index.