Corporate Fraud

Front Cover
Gower Publishing, Ltd., 1998 - Social Science - 676 pages
Fact: Barings was an excellent company, with professional managers. Their careers were devastated by fraud. How many other managers are now in the same position without knowing it? Fact: The average company loses between 2 per cent and 5 per cent of its turnover as a result of dishonesty. When Mike Comer¿s book first appeared it quickly established itself worldwide as the standard work in its field. This third edition is a radical revision reflecting the world of EDI, electronic commerce, derivatives, computerization, empowerment, downsizing and other recent developments. Ironically, many of these have exposed companies to an alarming range of new risks. With the help of real-life case histories the author identifies the main types of fraud, the circumstances in which they occur and the telltale signs that give them away. He examines internal control systems and the attitudes and practices that allow fraud to flourish. He explains in detail how fraud can be prevented and detected, and shows why it is that many fashionable management techniques can also potentially pave the way to corporate disaster.
 

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Contents

Attitudes and misconceptions
5
Categories and theories
27
How fraud is concealed
49
Types of misrepresentation
63
Theft and conversion
87
Highrisk areas I
111
Highrisk areas II
141
Highrisk areas III
163
Auditing other functions
273
Part HI Investigating Corporate Fraud
303
Background to investigation
307
The skills of interviewing
351
A framework for investigating
403
Principles and policies
453
Problems with personnel
517
Companywide control
543

Computerrelated fraud
199
Part O Detecting Corporate Fraud
231
Critical point auditing
235
Auditing purchases and payments
243
A Audit committee terms of reference
579
Control tools and glossary
593
Information classification
653
Copyright

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About the author (1998)

Michael J. Comer, who is Non-Executive Chairman of Maxima Group Plc, has been a fraud investigator for more than 40 years and has handled thousands of cases throughout the world, mostly successfully and without publicity. He has been commended at the Central Criminal Court, Old Bailey and at other courts in Europe and the USA for his skills, and told off for a wicked sense of humour.

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