Detecting Fraud in Organizations - Techniques, Tools, and Resources

Informationen zum Autor 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). Klappentext A savvy examination of where people and value meet, creating the opportunity for fraudAn 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 toolsThe 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. Zusammenfassung 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. Inhaltsverzeichnis 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 ...

List of contents

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

Product details

• Authors: Michael Breon, Michael Petrucelli Breon, Petrucelli, J Petrucelli, Joseph Petrucelli, Joseph R Petrucelli, Joseph R. Petrucelli
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 12.03.2013
• EAN: 9781118103142
• ISBN: 978-1-118-10314-2
• No. of pages: 384
• Series: Wiley Corporate F&A; Wiley Corporate F&A (Hardcover; Wiley Corporate F&A; Wiley Corporate F&A (Hardcover
• Subjects: Social sciences, law, business > Business > Business administration; Rechnungswesen, Revision, Accounting, SOCIAL SCIENCE / Criminology, BUSINESS & ECONOMICS / Finance / General, Auditing, Corporate crime / white-collar crime, Revision (Wirtsch.), Management and management techniques, Finance and accounting