Fraud 101 Techniques and Strategies for Understanding Fraud

Name: Fraud 101 Techniques and Strategies for Understanding Fraud
Availability: InStock
ISBN: 9780470481967

ISBN-10: 047048196X

ISBN-13: 9780470481967

Edition: 3rd 2009

Authors: Stephen Pedneault

List price: $58.00

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Book details

List price: $58.00
Edition: 3rd
Copyright year: 2009
Publisher: John Wiley & Sons, Limited
Publication date: 10/6/2009
Binding: Hardcover
Pages: 256
Size: 6.42" wide x 9.00" long x 0.92" tall
Weight: 0.968
Language: English



Preface


Acknowledgments


Introduction



The World of Fraud


Definition of Fraud


The Many Types of Fraud


Note



Why is Fraud Committed?


A Rationalizing Society


Financial Statement Fraud


Financial Fraud Comes In Different Shapes and Sizes


Motivators Differ by Type of Business


Employee Schemes


In the End



Financial Statement Fraud Schemes


Where Do Things Go Wrong?


Trend Analysis


Beyond Traditional Audits


Note



Employee Embezzlements


The Fraud Triangle


Areas for Concern


Notes



Other Fraud Schemes


Duplicate Payment Fraud


Multiple Payee Fraud


Shell Fraud


Defective Delivery Fraud


Defective Receipt Fraud


Defective Shipment Fraud


Defective Pricing Fraud



Contract Rigging Schemes


Stage One: Obtaining the Contract


Stage Two: Contract Change Orders


Unbalanced Bidding


Detection Recommendations


Rotation Fraud


Where Do We Go From Here?



Responses To Fraud


Government's Response to Fraud


Accounting Profession's Response to Fraud


Internal Audit Profession's Response to Fraud


New Credentials, More Training, Better Awareness


Articles, Books, and More Resources


Notes



The Importance of Internal Controls and Internal Audit


Why Have Internal Controls?


Dï¿½jï¿½ vu


Good Internal Controls


Internal Audit



Evidence


What Is Evidence?


Documentation


Note



Conducting Fraud Investigations: A Practical Approach


Proactive Fraud Investigations


Discovery Investigations


Supportive Investigations


Strategy


Predication


The Investigative Plan


Conducting the Procedures


Findings


Use of the Findings


Note



Fraud Investigation Alternatives


Assessing the Feasibility of a Full Investigation


Monitoring Operational Areas at Risk of Fraud


Revamping Internal Controls - Closing the Barn Door


Doing Nothing?



Vending


Lessons Learned



Living a Faï¿½ade


Prevention Techniques



Disappearing Inventory


Internal Controls


Index