Corporate Fraud Handbook: Prevention and Detection - Hardcover

Wells, Joseph T.

Hardcover

ISBN 10: 0471491217 ISBN 13: 9780471491217

Publisher: John Wiley & Sons, 2004

Synopsis

Learn to spot the "red flags" of fraud and gain insight into the implementation of effective fraud preventation measures with this practical guide. In addition, you′ll take an in–depth look at how to comply with recent regulations including Sarbanes–Oxley and take an insider′s peek at fraud schemes used by employees, owners, managers, and executives to defraud their customers. Includes real–life case studies submitted to the ACFE by actual fraud examiners who aided in case resolutions. 

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About this title

About the Author

Joseph T. Wells, CPA, CFE, is the founder and Chairman of the Association of Certified Fraud Examiners (ACFE) and a professor of fraud examination (adjunct) at the University of Texas—Austin. He writes, researches, and lectures to business and professional groups on fraud related issues and is frequently quoted in the media. He has won top writing awards from both Internal Auditor and the Journal of Accounting magazines, and he is a winner of the Innovation in Accounting Education Award presented by the American Accounting Association. For his landmark research in fraud detection and deterrence, Mr. Wells has been inducted into the American Institute of Certified Public Accountants Business and Industry Hall of Fame and named to Accounting Today’s list of top 100 most influential people for the last six years.

From the Back Cover

Praise For Corporate Fraud Handbook

"Well organized and illustrated by easy–to–follow examples. It is the bible of the anti–fraud professional."
Dr. Haluk F. Gursel
President, Switzerland Chapter, ACFE

"The Corporate Fraud Handbook depicts what s really happening with white–collar crime. It perfectly matches my forty years experience as an embezzlement investigator in federal and state government."
Joseph R. Dervaes
Audit Manager for Special Investigations, Washington State Auditor s Office

"This book harmonizes the study of actual fraud cases and related theories. A must–read for anyone interested in the global fight against fraud."
Pedro A. Fabiano
Fraud Investigator, Buenos Aires, Argentina

"This book should be the cornerstone of any good fraud investigator s library."
Isabel Mercedes Cumming
Assistant State s Attorney, Baltimore City, Maryland

"Mr. Wells is a brilliant author. His writing is clear, to the point, and entertaining. I find the Corporate Fraud Handbook indispensable."
Corey Bloom
Senior Manager, BDO Dunwoody LLP, Montreal, Canada

"A wonderful read! A systematic approach with many examples from real life."
Dr. Dimiter Dinev
Associate Professor at the University of National and International Economy
Sofia, Bulgaria

"I have been an admirer of Mr. Wells s work for more than twenty years. He s a world leader in the prevention and detection of fraud. I highly recommend this book to anyone concerned with compliance, controls, and keeping their organizations immune from the ever–growing risks of fraud."
Mike Comer
Corporate Fraud Investigator, London, England

"The Corporate Fraud Handbook provides unparalleled insights on the scams used by employees to perpetrate fraud."
Robert DiPasquale
Partner, J. H. Cohn, LLP

From the Inside Flap

Fraud is a serious, costly, and growing epidemic for business and government. Corporate Fraud Handbook provides an insider s look into the most prevalent fraud schemes used by employees, owners, managers, and executives. Each scheme is illustrated with real–life case studies submitted to the Association of Certified Fraud Examiners (ACFE) by certified fraud examiners who aided in the case resolutions.

Written by Joseph T. Wells, founder and chairman of the ACFE, this groundbreaking resource provides everyone responsible for detecting fraud including fraud examiners, auditors, investigators, loss prevention specialists, managers and business owners, criminologists, human resources personnel, academicians, and law enforcement professionals with tips and techniques to help spot the "red flags" of fraud, comply with recent regulation, such as Sarbanes–Oxley, and develop and implement effective preventative measures.

In this comprehensive book, Wells explores the three main categories of occupational fraud and abuse asset misappropriation, corruption, and fraudulent statements and identifies and classifies thirteen separate schemes. Wells also provides an overview of the complex social factors that go into creating an occupational offender, exploring the reasons behind people s deviances. Understanding why employees engage in this behavior is the key to creating ways to prevent it. In addition, Corporate Fraud Handbook features:

• Case studies revealing clear insights into the mind of the fraudulent employee
• Statistics from the ACFE s 2004 Annual Fraud Survey showing the average cost and prevalence for each method of fraud
• Observations and conclusions in each chapter to guide readers through devising prevention and detection strategies
• A classification system explaining the various schemes used by offending executives, owners, managers, and employees
• Tips and techniques to quantify the losses from schemes

From sophisticated investment swindles to petty theft, false overtime to pilferage, learn how to detect corporate fraud with the expert help found in Corporate Fraud Handbook.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2004
• Language: English
• ISBN 10: 0471491217
• ISBN 13: 9780471491217
• Binding: Hardcover
• Number of pages: 456