Forensic Accounting and Fraud Investigation for Non-Experts
2nd Edition
Published on 1. November 2006
Book
Hardback
304 pages
978-0-471-78487-6 (ISBN)
Description
An unflinching and complete guide to forensic accounting and investigation for the non-expert
"A sharp, savvy examination of financial fraud and forensic accounting. The beauty of this book is in its clear language and engaging manner. I found it a pleasure to read. As a primer on the subject, it is a must. Highly recommended."
--Christopher Reich author of The Devil's Banker
Hundreds of thousands of incidents involving financial fraud occur each year because of poor or inadequate accounting and financial control and security. Forensic Accounting and Fraud Investigation for Non-Experts, Second Edition provides you with access to all the critical accounting principles and investigative techniques you will need to protect your organization from devastating losses and scandal due to fraud.
The Second Edition is filled with an abundance of new tips on knowing the financial areas where your organization is most vulnerable, as well as how to implement effective investigation processes when fraud is suspected.
Covering basic accounting principles as they apply to forensic accounting and the most common types of fraud, this up-to-date volume thoroughly examines the investigative process, with discussions on documentary evidence, the role of the expert witness, and interview techniques. All phases of forensic accounting are addressed, complete with actual examples demonstrating applications in the real world.
The cost of fraud can be damaging to your company or organization. Forensic Accounting and Fraud Investigation for Non-Experts, Second Edition expertly arms you with the tools to help prevent fraud and reduce fraud losses.
"A sharp, savvy examination of financial fraud and forensic accounting. The beauty of this book is in its clear language and engaging manner. I found it a pleasure to read. As a primer on the subject, it is a must. Highly recommended."
--Christopher Reich author of The Devil's Banker
Hundreds of thousands of incidents involving financial fraud occur each year because of poor or inadequate accounting and financial control and security. Forensic Accounting and Fraud Investigation for Non-Experts, Second Edition provides you with access to all the critical accounting principles and investigative techniques you will need to protect your organization from devastating losses and scandal due to fraud.
The Second Edition is filled with an abundance of new tips on knowing the financial areas where your organization is most vulnerable, as well as how to implement effective investigation processes when fraud is suspected.
Covering basic accounting principles as they apply to forensic accounting and the most common types of fraud, this up-to-date volume thoroughly examines the investigative process, with discussions on documentary evidence, the role of the expert witness, and interview techniques. All phases of forensic accounting are addressed, complete with actual examples demonstrating applications in the real world.
The cost of fraud can be damaging to your company or organization. Forensic Accounting and Fraud Investigation for Non-Experts, Second Edition expertly arms you with the tools to help prevent fraud and reduce fraud losses.
Reviews / Votes
"Even experienced financial fraud examiners will find this book handy for helping prevent and reduce losses from fraud." (Journal of Accountancy, January 2007)More details
Series
Edition
2., Auflage
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
Illustrations
Dimensions
Height: 23.8 cm
Width: 16.5 cm
Thickness: 26 mm
Weight
588 gr
ISBN-13
978-0-471-78487-6 (9780471784876)
Schweitzer Classification
Other editions
New editions
Stephen Pedneault | Frank Rudewicz | Howard Silverstone
Forensic Accounting and Fraud Investigation for Non-Experts
Book
04/2012
3rd Edition
Wiley
€73.50
Shipment within 10-20 days
Additional editions
Howard Silverstone | Michael Sheetz
Forensic Accounting and Fraud Investigation for Non-Experts
E-Book
01/2011
2nd Edition
Wiley
€39.99
Available for download
Previous edition
H. Silverstone | Michael Sheetz
Forensic Accounting and Fraud Investigation for Non-experts
Book
01/2004
Wiley
€44.56
Article exhausted; check for reprint
Persons
HOWARD SILVERSTONE, CPA, FCA, CFE, is a Director and cofounder of Forensic Resolutions, Inc. He has concen-trated on forensic and investigative accounting since 1985 and has been involved in every aspect of cases, including planning, detailed analysis, discovery, and expert testimony in forensic accounting. He has contributed articles to the Legal Intelligencer, Litigation Quarterly, and the Risk Report, as well as a chapter to The CPA's Handbook of Fraud and Commercial Crime Prevention and is coauthor of Fraud 101: Techniques and Strategies for Detection, Second Edition, published by Wiley. A frequent speaker, he's delivered presentations for many corporations, law firms, and insurance companies, as well as the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and the Association for Finan-cial Professionals (formerly the Treasury Management Association).
MICHAEL SHEETZ, JD, is an Associate Professor of Criminal Justice and former appellate law clerk. During his twenty-year law enforcement and criminal justice career, he has served in every facet of criminal investigation, including white-collar and computer crimes. As a guest lecturer, he frequently speaks on such topics as fraud, exploitation of the elderly, and computer-related crime.
MICHAEL SHEETZ, JD, is an Associate Professor of Criminal Justice and former appellate law clerk. During his twenty-year law enforcement and criminal justice career, he has served in every facet of criminal investigation, including white-collar and computer crimes. As a guest lecturer, he frequently speaks on such topics as fraud, exploitation of the elderly, and computer-related crime.
Content
Acknowledgments.
Part I: Fraud and Forensic Accounting Overview.
1 FRAUD IN SOCIETY.
WHAT IS FRAUD?
TYPES OF FRAUD.
WHAT THE NUMBERS TELL US ABOUT FRAUD.
THE SOCIAL CONSEQUENCES OF ECONOMIC CRIME.
SUGGESTED READINGS.
2 UNDERSTANDING THE BASICS OF FINANCIAL ACCOUNTING.
INTRODUCTION.
THE FIVE ACCOUNTING CYCLES.
JOURNALS.
TYING THE THREAD.
SUGGESTED READINGS.
3 THE ENTITIES.
PROPRIETORSHIPS.
PARTNERSHIPS.
CORPORATIONS.
BUSINESS ENTERPRISES IN THE GLOBAL ENVIRONMENT.
SUGGESTED READINGS.
4 FUNDAMENTAL PRINCIPLES OF ANALYSIS.
GOOD ANALYSIS = DUE DILIGENCE?
WHY DO IT?
OTHER FACTORS TO CONSIDER.
ANALYSIS FOR THE NON-EXPERT.
TO THE FUTURE.
SUGGESTED READINGS.
5 THE ROLE OF THE ACCOUNTING PROFESSIONAL.
THE IMPORTANCE OF ACCOUNTING PROFESSIONALS IN THE INVESTIGATION.
THE AUDIT PROCESS.
INTERNAL CONTROLS.
Part II Financial Crime Investigation.
6 BUSINESS AS A VICTIM.
INTRODUCTION.
EMPLOYEE THEFTS.
PAYROLL FRAUD.
FRAUDULENT BILLING SCHEMES.
FRAUD COMMITTED BY OUTSIDERS.
MANAGEMENT THEFTS.
CORPORATE THEFTS.
IDENTITY THEFT.
SUGGESTED READINGS.
7 BUSINESS VILLAINS.
INTRODUCTION.
ORGANIZED CRIME AND BUSINESS.
MONEY LAUNDERING.
CONCLUSION.
SUGGESTED READINGS.
8 THE INVESTIGATIVE PROCESS.
INTRODUCTION.
CASE INITIATION.
CASE EVALUATION.
GOAL SETTING AND PLANNING.
INVESTIGATION.
CONCLUSION.
SUGGESTED READINGS.
9 INTERVIEWING FINANCIALLY SOPHISTICATED WITNESSES.
INTRODUCTION.
THE INTERVIEW.
INTERVIEWING FINANCIALLY SOPHISTICATED WITNESSES.
CONCLUSION.
SUGGESTED READINGS.
10 PROVING CASES THROUGH DOCUMENTARY EVIDENCE.
INTRODUCTION.
DOCUMENT COLLECTION.
DOCUMENT ORGANIZATION.
THE PROCESS OF PROOF.
THE LOGIC OF ARGUMENT.
PROOF THROUGH INFERENCE.
CONCLUSION.
SUGGESTED READINGS.
11 ANALYSIS TOOLS FOR INVESTIGATORS.
INTRODUCTION.
WHY USE ANALYSIS TOOLS AT ALL?
ASSOCIATIONAL ANALYSIS.
TEMPORAL ANALYSIS.
CONCLUSION.
SUGGESTED READINGS.
12 INFERENTIAL ANALYSIS.
INTRODUCTION.
HOW INFERENTIAL ANALYSIS HELPS.
WHAT IS AN INFERENCE NETWORK?
INVESTIGATIVE INFERENCE ANALYSIS.
THE KEY LIST.
CONSTRUCTING AN INVESTIGATIVE INFERENCE CHART.
PLOTTING THE CHART.
SOME TIPS FOR CHARTING SUCCESS.
APPLYING THE CHART TO THE INVESTIGATIVE PROCESS.
CONCLUSION.
SUGGESTED READINGS.
13 DOCUMENTING AND PRESENTING THE CASE.
INTRODUCTION.
CREATING A SYSTEM.
THE CASEBOOK SYSTEM.
REPORT WRITING.
TESTIFYING AS A FINANCIAL EXPERT.
CONCLUSION.
SUGGESTED READINGS.
Index.
Part I: Fraud and Forensic Accounting Overview.
1 FRAUD IN SOCIETY.
WHAT IS FRAUD?
TYPES OF FRAUD.
WHAT THE NUMBERS TELL US ABOUT FRAUD.
THE SOCIAL CONSEQUENCES OF ECONOMIC CRIME.
SUGGESTED READINGS.
2 UNDERSTANDING THE BASICS OF FINANCIAL ACCOUNTING.
INTRODUCTION.
THE FIVE ACCOUNTING CYCLES.
JOURNALS.
TYING THE THREAD.
SUGGESTED READINGS.
3 THE ENTITIES.
PROPRIETORSHIPS.
PARTNERSHIPS.
CORPORATIONS.
BUSINESS ENTERPRISES IN THE GLOBAL ENVIRONMENT.
SUGGESTED READINGS.
4 FUNDAMENTAL PRINCIPLES OF ANALYSIS.
GOOD ANALYSIS = DUE DILIGENCE?
WHY DO IT?
OTHER FACTORS TO CONSIDER.
ANALYSIS FOR THE NON-EXPERT.
TO THE FUTURE.
SUGGESTED READINGS.
5 THE ROLE OF THE ACCOUNTING PROFESSIONAL.
THE IMPORTANCE OF ACCOUNTING PROFESSIONALS IN THE INVESTIGATION.
THE AUDIT PROCESS.
INTERNAL CONTROLS.
Part II Financial Crime Investigation.
6 BUSINESS AS A VICTIM.
INTRODUCTION.
EMPLOYEE THEFTS.
PAYROLL FRAUD.
FRAUDULENT BILLING SCHEMES.
FRAUD COMMITTED BY OUTSIDERS.
MANAGEMENT THEFTS.
CORPORATE THEFTS.
IDENTITY THEFT.
SUGGESTED READINGS.
7 BUSINESS VILLAINS.
INTRODUCTION.
ORGANIZED CRIME AND BUSINESS.
MONEY LAUNDERING.
CONCLUSION.
SUGGESTED READINGS.
8 THE INVESTIGATIVE PROCESS.
INTRODUCTION.
CASE INITIATION.
CASE EVALUATION.
GOAL SETTING AND PLANNING.
INVESTIGATION.
CONCLUSION.
SUGGESTED READINGS.
9 INTERVIEWING FINANCIALLY SOPHISTICATED WITNESSES.
INTRODUCTION.
THE INTERVIEW.
INTERVIEWING FINANCIALLY SOPHISTICATED WITNESSES.
CONCLUSION.
SUGGESTED READINGS.
10 PROVING CASES THROUGH DOCUMENTARY EVIDENCE.
INTRODUCTION.
DOCUMENT COLLECTION.
DOCUMENT ORGANIZATION.
THE PROCESS OF PROOF.
THE LOGIC OF ARGUMENT.
PROOF THROUGH INFERENCE.
CONCLUSION.
SUGGESTED READINGS.
11 ANALYSIS TOOLS FOR INVESTIGATORS.
INTRODUCTION.
WHY USE ANALYSIS TOOLS AT ALL?
ASSOCIATIONAL ANALYSIS.
TEMPORAL ANALYSIS.
CONCLUSION.
SUGGESTED READINGS.
12 INFERENTIAL ANALYSIS.
INTRODUCTION.
HOW INFERENTIAL ANALYSIS HELPS.
WHAT IS AN INFERENCE NETWORK?
INVESTIGATIVE INFERENCE ANALYSIS.
THE KEY LIST.
CONSTRUCTING AN INVESTIGATIVE INFERENCE CHART.
PLOTTING THE CHART.
SOME TIPS FOR CHARTING SUCCESS.
APPLYING THE CHART TO THE INVESTIGATIVE PROCESS.
CONCLUSION.
SUGGESTED READINGS.
13 DOCUMENTING AND PRESENTING THE CASE.
INTRODUCTION.
CREATING A SYSTEM.
THE CASEBOOK SYSTEM.
REPORT WRITING.
TESTIFYING AS A FINANCIAL EXPERT.
CONCLUSION.
SUGGESTED READINGS.
Index.