Edward J. Mcmillan

Policies and Procedures to Prevent Fraud and Embezzlement (eBook, PDF)

Guidance, Internal Controls, and Investigation

• Format: PDF

Produktbeschreibung

IS YOUR BUSINESS VULNERABLE TO FRAUD? It's not a secret that corporate fraud and scandal are real threats to business today, from which no business, large or small, is immune. Fraud losses are devastating-but they are also highly avoidable. Policies & Procedures to Prevent Fraud and Embezzlement shows you how to proactively safeguard your business's assets and reputation from countless plots, schemes, and even identity theft. This invaluable tool prepares auditing CPAs, internal auditors, fraud investigators, and managers to: * Thoroughly evaluate their organization's system of internal controls * Assemble a fraud examination team * Document a fraud action plan * Expose weaknesses that could lead to fraud * Take corrective action to reduce the possibility of victimization Embezzlement and fraud are realities that all organizations must confront, with the growing list of collapsed corporate giants serving as evidence of the destruction caused by financial abuses. Policies & Procedures to Prevent Fraud and Embezzlement offers provocative new strategies to deal with this ongoing dilemma and serves as a road map to reduce financial dishonesty in the workplace.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 256
• Erscheinungstermin: 24. Juli 2006
• Englisch
• ISBN-13: 9780471932901
• Artikelnr.: 37350105

Autorenporträt

EDWARD J. McMILLAN, CPA, CAE, is an experienced fraud examiner and teaches fraud prevention courses to organizations such as the American Institute of CPAs, the Maryland Association of CPAs, other state societies of CPAs, the U.S. Chamber of Commerce, and the American Bar Association, among others. He also speaks regularly on the subject of fraud prevention at business conventions of all types.

Inhaltsangabe

About the Author. Acknowledgments. Preface. Disclaimer. About the Companion
Website. Section 1 Embezzlement: Who Does It and When. The Perpetrators:
Who They Are, Why They Do It, and How They Are Caught. The Embezzler's
"Window of Opportunity". Section 2 Statement of Auditing Standard No. 99
"Consideration of Fraud in a Financial Statement Audit". Statement of
Auditing Standard No. 99 "Consideration of Fraud in a Financial Statement
Audit". Section 3 Essential Internal Control and Administrative Procedures
to Avoid Embezzlement. The Background Check. Conditions of Employment
Agreement. Conflicts of Interest. Nepotism. Whistleblowers. Noncompete
Agreements. Confidentiality of Information. Bonding Issues. Signers on Bank
Accounts. Two-Signature Checks. Lockbox. Positive Pay. Deposit Security and
Restrictive Endorsements. Check Stock. Cash Transactions. Cash Register
Issues. Insurance Committees. Computer File Backups. Check and Wire
Transfer Signatures. Inventory Issues. Company Credit Cards. Lines of
Credit. Bad Debt Policy. Internal Audits. Stop Payment Orders. Voiding
Checks. Numbered Check Request Forms. Expense Accounts. CPA Management
Letters. Random Disbursement Checks. CHECK 21. Section 4 Clever Examples of
Embezzlement. Payroll Tax Deposits. Check Switching. Ghosts on the Payroll
and Ghost Vendors. The Danger of Acronyms. Bank Account Reconciliations.
Wire Transfers. Postage Issues. Kiting. Manual Checks (Handwritten and
Typed). Auditing Receipts. Section 5 Steps to Take If You Have Been
Victimized by Fraud. Documenting a Fraud Action Plan. Fraud Examinations
and Assembling the Fraud Team. The Basics of Forensic Accounting. Section 6
Identity Theft. Identity Theft Issues. Section 7 Internal Control Analysis,
Documentation, and Recommendations for Improvement. CPA Financial
Statements, Management Letters, and Consulting Agreements. Fraud Glossary.
Index.