Joseph R. Petrucelli

Detecting Fraud in Organizations (eBook, ePUB)

Techniques, Tools, and Resources

• Format: ePub

Produktbeschreibung

A savvy examination of where people and value meet, creating the opportunity for fraud An essential reference for all business professionals, Detecting Fraud in Organizations: Techniques, Tools, and Resources explains the process of how people commit fraud, as well as how to prevent and stop fraud from occurring in your organization. Organized by business processes which succinctly describe how fraud manifests itself on a daily basis, the authors explain ways in which everyone can help guard against fraud by familiarizing themselves with its building blocks and methods used to perpetrate and conceal it. Filled with situational examples the book is accompanied by a website featuring fraud simulations, business process maps, and other useful tools for combating fraud. * Focuses on the people who perpetrate fraud and those who are tasked with preventing and detecting it * Uniquely organized by business processes for more relevance and easier understanding by those people working within organizations * Shows how subtle factors play a large role in identifying and ferreting out fraud in addition to the traditional knowledge of fraud schemes giving people and organizations the edge they need to be successful in prevention and deterrence * Companion website includes additional fraud simulations, business process maps, and useful tools The price of fraud can be devastating to your business. Detecting Fraud in Organizations: Techniques, Tools, and Resources equips you and others in your organization with essential information and tools necessary to proactively catch fraud, reduce losses, improve efficiencies and develop actionable controls.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 384
• Erscheinungstermin: 14. Januar 2013
• Englisch
• ISBN-13: 9781118237359
• Artikelnr.: 37756833

Autorenporträt

JOSEPH R. PETRUCELLI, CPA/CFF, FCPA, CVA, CFFA, PSA, CFE, is a founding partner of PP&D Accounting Services, Inc., and Fraud Forces, Inc., where he provides forensic accounting, tax, and consulting services, including testifying and preparing for trial as a qualified expert. He is also an adjunct professor teaching accounting and taxation-related courses, including advanced forensic accounting. He was part of the development team on the fraud risk management and detection certification curriculum of Consultants' Training Institute (CTI), a division of the National Association of Certified Valuators and Analysts (NACVA).

Inhaltsangabe

Preface ix Acknowledgments xi Introduction 1 The 800-Pound Friendly Gorilla
1 Numbers Don't Lie, People Do 3 An Overview of Fraud 4 The One-Minute
Fraud Mysteries 8 A Few Tips for Detecting Fraud As You Begin 13 Setup 16
Chapter 1: Understanding Fraud: What Is Fraud, and Why Does It Continue to
Happen? 19 People Are Greedy--How Greedy Are You? 20 One-Minute Fraud
Mystery: Trust Us Inc. 21 Distinguishing among Deterrence, Prevention, and
Detection 22 The Increased Risk of Fraud Loss 35 Divergent and Convergent
Thinking 36 Critical Thinking Requires Critical Questions 40 The
Personality Traits of a Fraudster 45 The Moral Compass 48 The Elements of
Fraud: MIRD 48 Education about Fraud 52 Confusion about Responsibility 55
Complexity 56 Summary 60 One-Minute Fraud Mystery Analysis 62 Chapter 2:
Fraud Detection Approaches 69 Why Doesn't Enhanced Legislative, Regulatory,
and Professional Oversight Help to Prevent Fraud? 70 One-Minute Fraud
Mystery: Big Fish Investment Inc. 72 Principles and Rules Alone Cannot
Eliminate All Fraud 74 A Real-World Perspective 76 Getting a Handle on
Transactions 79 The 10 Forensically Accepted Generally Accepted Accounting
Principle Assumptions 81 Summary 107 One-Minute Fraud Mystery Analysis 109
Chapter 3: Deciding to Commit Fraud: What Is the "Something" That Coerces
People to Cross the Line? 119 One-Minute Fraud Mystery: The House of
Worship 122 Do You Really Know What the People in Your Organization Are
Thinking? 122 The Four Generations and Motivation 128 Pinpointing the
Fraudster 133 The Three Most Prevalent Types of Fraud 133 An Accounting
Creed 135 The Consequences of Fraud 137 Summary 149 One-Minute Fraud
Mystery Analysis 150 Chapter 4: How to Act Like a Fraudster: To Catch a
Fraudster, You Need to Think Like One 155 One-Minute Fraud Mystery: Catch
Me If You Can Inc. 157 The Six Ps of Successful Fraudsters 158 The
Characteristics of a Fraudster 161 Fraudsters and Their Organizations 170
Summary 177 One-Minute Fraud Mystery Analysis 178 Chapter 5: The Dynamics
of Business: Everything Is Related--from People to Processes to Outside
Influences 185 One-Minute Fraud Mystery: Accrual Inc. 189 Control-Point
Links and Accountability 190 The Layers of Trust 191 Responsibility Chains
193 A Failure in Management 194 More Than the Bottom Line 196 Outside
Influences 199 Organizational Failures 203 Understanding Cash Flow 206
Summary 211 One-Minute Fraud Mystery Analysis 212 Chapter 6: Understanding
the Accounting Process 219 One-Minute Fraud Mystery: Sneakers Are Us Inc.
223 Understanding the Sale of Goods 224 Deceptive Data 235 Computerized
Fraud Techniques 237 Operating Expenses 240 Balanced Principles 246
Balance-Sheet Components 252 Statement of Cash Flow 252 Ratio Analysis 257
Building a Case: Document Organization, Data Analysis, and Lifestyle
Analysis 261 Summary 264 One-Minute Fraud Mystery Analysis 265 Chapter 7:
It All Comes Down to Cash 271 One-Minute Fraud Mystery: Yankee Property
Management 275 Handling Cash 276 Cash Disbursement Controls 279 Cash and
Fraud 282 Classifications of Cash and Cash-Equivalent Fraud Schemes and
Scenarios 285 Fraud Control Points in the Organizational Process 302
Summary 303 One-Minute Fraud Mystery Analysis 304 Chapter 8: Final
Thoughts: Handy Tips and Quick Checklists for Reference 309 POP: Finding
the Next Potential-Fraud Kernel in Your Organization 310 Quick References
on the Fundamentals of Fraud 311 GAAP versus FAGAAPA: A Summary 315 Five
Categories of Fraud 319 Why Auditors and Accountants Fail to Detect Fraud
326 Red Flags for Potential Fraud 327 Using the Accruals-to-Assets Ratio
327 A Simple Fraud Risk Plan 330 Conclusion 333 Afterword 337 Bibliography
339 About the Author 343 About the Website 345 Index 347