Fraud Auditing and Forensic Accounting

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John Wiley & Sons, Dec 5, 2006 - Business & Economics - 272 pages
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Get the latest tools in fraud auditing and get rid of fraud in your organization

With the responsibility of detecting and preventing fraud placed directly on the accounting profession, you are responsible for recognizing fraud and learning the tools and strategies necessary to stop it. Fraud Auditing and Forensic Accounting, Third Edition shows you how to develop an investigative eye toward both internal and external fraud and provides crucial information on how to deal with it when discovered.

This authoritative, timely book equips auditors, investigators, corporate attorneys, and accountants to identify the signs of financial fraud and successfully investigate it. This new edition will enable you to:

  • Recognize the characteristics of organizations in which fraud is likely to occur
  • Detect and deter accounting fraud, using the most recently developed techniques
  • Conduct an efficient, systematic fraud investigation
  • Use the latest methods for documenting fraud and preparing evidence-and much more

PRAISE FOR Fraud Auditing and Forensic Accounting, Third Edition

"An excellent primer for developing and implementing an antifraud program as part of a SOX 404, fraud prevention and detection process. A clear and concise history of fraud and the methods needed to deter it now and for the future. It is like having a professor on call and in your office when you need one. Well written with easy-to-understand definitions and examples, this is a must-read for anyone who is putting a financial investigation unit in place."
—George Mullins, CFE, HealthSouthInternal Audit Manager and Project Manager, Antifraud Program

"The book is an excellent anti-fraud resource for those professionals charged with the responsibility of detecting, investigating, and preventing fraud. I also highly recommend it to educators as a prospective textbook for a semester-long course in macro fraud examination."
—Thomas Buckhoff, PhD, CPA, CFE, Associate Professor of Forensic Accounting, Georgia Southern University, and Principal, FraudWise, LLC

"This book, better than any other in print, hits the subject areas I cover in my fraud examination and forensic accounting class. The authors have done a great job of presenting complicated terms and techniques in a manner for students to understand. I particularly like the presentation of a fraud's endgame, namely the court case that recovers assets and puts these creeps in jail."
—Douglas E. Ziegenfuss, Professor and Chair, Department of Accounting,Old Dominion University

 

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Contents

Chapter 1 Fraud Definitions Models and Taxonomies
1
Chapter 2 Fundamentals of Fraud Auditing and Forensic Accounting
33
Chapter 3 Auditor Liability for Detecting Fraud
75
Chapter 4 Fraud Schemes
99
Chapter 5 Red Flags and Fraud Detection
125
Chapter 6 Fraud and CAATs
155
Chapter 7 Fraud Prevention and Control
175
Chapter 8 Fraud Risk Assessment
191
Chapter 9 Fraud and the Accounting Information System
211
Chapter 10 ComputerRelated Fraud
231
Chapter 11 Forensic Accountant as an Expert Witness
255
Chapter 12 General Criteria and Standards for Evaluating an Experts Qualifications
283
Chapter 13 Gathering Evidence
299
Index
315
Copyright

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Popular passages

Page 2 - Fourthly. That it was made with intent that it should be acted on ; Fifthly. That it was acted on by complainant to his damage; and, Sixthly. That in so acting on it the complainant was ignorant of its falsity, and reasonably believed it to be true.
Page 7 - The hypothesis of differential association is that criminal behavior is learned in association with those who define such behavior favorably and in isolation from those who define it unfavorably, and that a person in an appropriate situation engages in such criminal behavior if, and only if, the weight of the favorable definitions exceeds the weight of the unfavorable definitions.
Page 7 - The data which are at hand suggest that white collar crime has its genesis in the same general process as other criminal behavior, namely, differential association. The hypothesis of differential association is that criminal behavior is learned in association vviih those who define such behavior favorably and in isolation from those who define it unfavorably...
Page 7 - Trusted persons become trust violators when they conceive of themselves as having a financial problem which is nonshareable, have the knowledge or awareness that this problem can be secretly resolved by violation of the position of financial trust, and are able to apply to their own conduct in that situation verbalizations which enable them to adjust their conceptions of themselves as trusted persons with their conceptions...
Page 2 - That such representation was not actually believed by the defendant, on reasonable grounds, to be true ; Fourthly.

About the author (2006)

TOMMIE W. SINGLETON, CPA, CMA, CISA, CITP, is Marshall IS Scholar and coordinator of the Forensic Accounting Program at the University of Alabama at Birmingham. He is a member of the American Institute of Certified Public Accountants, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, the Information Systems Audit and Control Association, and the Institute of Management Accountants, among other organizations. He has published numerous articles and is coauthor of Managing the Audit Function: A Corporate Audit Department Procedures Guide, Third Edition (Wiley).

AARON J. SINGLETON acquired his master's of accountancy at Bowling Green State University. He is an IT auditor with PricewaterhouseCoopers (PWC). His articles have been published in the Journal of Corporate Accounting and Finance and Bank Accounting and Finance.

G. JACK BOLOGNA, BBA, JD, CFE, is former president of Computer Protection Systems, Inc., and Associate Professor of Management at Siena Heights University, Michigan. Among his numerous publications are The Accountant's Handbook of Fraud and Commercial Crime (Wiley), Forensic Accounting Handbook, and Handbook on Corporate Fraud.

ROBERT J. LINDQUIST, BComm, CA, CFE, is CEO of Lindquist, Avey, Macdonald, Baskerville, Inc., a leading North American forensic and investigative accounting firm. Previously, he was partner and national director of the forensic accounting services division of a "Big Six" accounting firm.

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