If an employee brings home some office supplies for their kids to use with their school projects, is that fraud? How about when an employee charges personal items on the company’s credit cards, receives vendor kickbacks, or inflates travel expenses? Instances of fraud occur every day and either go undetected, or are not deemed newsworthy enough to bring any attention to the matter. In fact, instances like these may be occurring right now in your organization—how will you know what to look for? And how can you stop it from taking place again?
Now fully revised, Fraud 101, 3rd Edition explains fraud in a practical, easily understood manner, serving as an enlightening tool for you, whether you are a business owner or manager, an accountant, or an auditor. A valuable introduction for dealing with fraud—from preventing and detecting it to investigating it, Fraud 101, 3rd Edition provides insightful advice on the inner workings of numerous financial schemes and the internal controls that will increase your awareness and possibly prevent fraud from destroying your organization’s financial stability.
Regardless of why an individual perpetrates a fraud, the end result is usually the same: a substantial financial loss to the organization, often involving a significant amount of money that may never be recovered. Fraud 101, 3rd Edition will show you how fraud schemes are perpetrated, detected, and investigated, with practical advice on how to notice and prevent fraudulent activity, minimizing the loss experienced by your organization.
Anatomy of a Fraud Investigation
Most fraud cases, especially thefts and embezzlements, never make it into the public eye. Those that do grab the media’s attention merely report the end result of weeks, months, and even years of investigative procedures. For experienced and inexperienced fraud professionals alike, there is little available to keep abreast of the latest fraud tactics.
Providing unparalleled insights into what takes place during a fraud investigation, Anatomy of a Fraud Investigation is a valuable resource for you, whether you are a fraud investigator, auditor, or if you simply suspect fraud may be occurring in your organization and aren’t sure what to do. This is a fascinating, insider look at a fraud investigation, designed to help you better understand fraud detection, investigation, and prevention—from the inside out.
Written by a seasoned investigator with over twenty-two years of experience conducting fraud investigations, this unique book articulates the investigative thought process through an authentic case, from the first tip to the forensic accountant that fraud is suspected, to the final judgment in court. No detail is too small here, with consideration given to sometimes-overlooked details.
Preventing and Detecting Employee Theft and Embezzlement
You’re a busy business owner. You don’t have time to think about whether or not any of your employees may be stealing from you or embezzling from your business. Or . . . do you?
Based on author Stephen Pedneault’s experience of over twenty years working with clients and counsel in a wide range of employment-related issues—many stemming from some type of theft or embezzlement of assets, money, proprietary information, or all three—Preventing and Detecting Employee Theft and Embezzlement: A Practical Guide is the readable, useful resource that will help you better protect your business.
From implementing prudent hiring policies and practices through collecting receipts, making deposits, writing checks, paying employees, and evaluating the adequacy of insurance coverage, this essential book covers the major financial areas commonly found in most small businesses, and provides you with easy steps to follow in preventing and detecting embezzlement.
With checklists at the end of each chapter so you can literally start protecting your business right away.
Forensic Accounting and Fraud Investigation for Non-Experts, 3rd Edition
The essential guide for every business professional, Forensic Accounting and Fraud Investigation for Non-Experts, 3rd Edition is a must-have resource if you’ve been wondering how financial fraud occurs in an organization and what to do if you find or suspect it. With comprehensive coverage, the authors present useful advice on where your organization is most susceptible to fraud.
Highly readable and accessible, this timely book provides you with a complete grounding in all phases of forensic accounting and fraud investigation, with methods and tips that will enable you to readily recognize and investigate financial fraud, as well as the evolving sophistication of financial crimes occurring in every sector of industry.
Executives, managers, criminal investigators, and prosecuting attorneys all require a basic understanding of accounting principles and investigative techniques to protect their organizations from fraud. Forensic Accounting and Fraud Investigation for Non-Experts, Third Edition helps non-accountants better understand basic forensic accounting principles, how different types of fraud occur, and how to detect and probe fraud in an approach that maximizes the chances of successful prosecution of the perpetrator.
Financial Statement Fraud Casebook:
Baking the Ledgers and Cooking the Books
It might seem that accounting fraud only occurs at mega-companies such as Enron, Tyco, and WorldCom, but as Financial Statement Fraud Casebook: Baking the Ledgers and Cooking the Books reveals, that is entirely inaccurate. Edited by Dr. Joseph T. Wells—founder and chairman of the Association of Certified Fraud Examiners (ACFE)—this eye-opening casebook exposes you to the shady world of financial statement fraud—and its occurrence within companies of all shapes and size.
Reflecting the scams that happen in public organizations, private companies, nonprofits, and even charities, the cases in this book are written by those who have been on the frontlines of the described financial statement fraud investigations. Their unique insights are pulled from years of practical involvement, presenting important perspectives from cases.
Over the last hundred years, financial statement fraud has gotten larger and more frequent. Outlining each case—from how the financial statement fraud was engineered, to how it was investigated, and how the perpetrators were brought to justice—Financial Statement Fraud Casebook forms an educational and entertaining picture of this kind of fraud, its destructive impact on organizations, and what you can do to prevent it from starting in your own business.
Lessons from the Bad Side of Business
Fraud is a serious problem that goes beyond monetary losses. It costs jobs, corporate reputations, and individual dignity. Fraud Casebook: Lessons from the Bad Side of Business is the most comprehensive book ever compiled on fraud case studies, presenting the collected insights of some of the most experienced fraud examiners around the world. With revealing case studies handpicked and edited by Joseph T. Wells, the founder and Chairman of the Association of Certified Fraud Examiners (ACFESM)—the world’s leading anti-fraud organization—this collection sheds light into the dark corners of government and commerce through professional investigations.
Organized around the various categories of fraud, the cases in this exceptional casebook explore three broad categories of fraud as well as their various sub-schemes: asset misappropriations, corruption, and fraudulent financial statements. Each case provides an informative and entertaining look into the complex social factors behind fraudulent behavior. The observations of each fraud examiner, drawn from years of practical experience, provide readers with invaluable perspectives, many of which have never before been conveyed publicly.
Fraud Casebook: Lessons from the Bad Side of Business not only provides an insider look at fraud, it serves to educate readers to hopefully avert some of the mistakes made in the past. It illuminates the combination of timing, teamwork, and vision necessary to understand fraud and prevent it from happening in the first place. Finally, it challenges senior managers to better use their corporate resources to become much smarter about fraud, or risk becoming its victims.
Paying a Premium for Crime
Insurance fraud is not committed by accounting systems or computers. It’s carried out by living, breathing human beings, victimizing fellow consumers and costing millions of dollars in the form of increased premiums and higher prices for goods and services. If you want to learn how insurance fraud is engineered, how it is investigated and how its perpetrators are brought to justice, Insurance Fraud Casebook is a must-read.
Edited by Laura Hymes, Managing Editor of the Association of Certified Fraud Examiners’ (ACFE) Research Department and Dr. Joseph T. Wells, the founder and Chairman of the ACFE, Insurance Fraud Casebook is a behind-the-scenes look at how insurance fraud takes root. Featuring contributions by fraud examiners, the book details the measures that can be taken to keep fraud from happening in the first place through real cases, all handpicked by Laura Hymes.
Understanding the enormity of this problem is essential in fighting back. Whether you’re a fraud investigator or an insurance auditor, Insurance Fraud Casebook is your best source for optimizing your fraud detection efforts and protecting against insurance fraud.