Data Sleuth - Using Data in Forensic Accounting Engagements and Fraud Investigations

Informationen zum Autor Leah Wietholter is a Certified Fraud Examiner, private investigator, Certified Public Accountant, and CEO of Workman Forensics in Tulsa, Oklahoma. She previously worked with the Federal Bureau of Investigation and as a Senior Certified Fraud Examiner at a public accounting firm in Tulsa. She runs The Investigation Game , an interactive continuing education experience and podcast that explores financial investigation strategies. Klappentext Straightforward, practical guidance for working fraud examiners and forensic accountantsIn Data Sleuth: Using Data in Forensic Accounting Engagements and Fraud Investigations, certified fraud examiner, former FBI support employee, private investigator, and certified public accountant Leah Wietholter delivers a step-by-step guide to financial investigation that can be applied to almost any forensic accounting use-case. The book emphasizes the use of best evidence as you work through problem-solving data analysis techniques that address the common challenge of imperfect and incomplete information.The accomplished author bridges the gap between modern fraud investigation theory and practical applications and processes necessary for working practitioners. She also provides:* Access to a complimentary website with supplementary resources, including a Fraud Detection Worksheet and case planning template* Strategies for systematically applying the Data Sleuth(r) framework to streamline and grow your practice* Methods and techniques to improve the quality of your work productData Sleuth is an indispensable, hands-on resource for practicing and aspiring fraud examiners and investigators, accountants, and auditors. It's a one-of-a-kind book that puts a practical blueprint to effective financial investigation in the palm of your hand. Zusammenfassung Straightforward, practical guidance for working fraud examiners and forensic accountantsIn Data Sleuth: Using Data in Forensic Accounting Engagements and Fraud Investigations, certified fraud examiner, former FBI support employee, private investigator, and certified public accountant Leah Wietholter delivers a step-by-step guide to financial investigation that can be applied to almost any forensic accounting use-case. The book emphasizes the use of best evidence as you work through problem-solving data analysis techniques that address the common challenge of imperfect and incomplete information.The accomplished author bridges the gap between modern fraud investigation theory and practical applications and processes necessary for working practitioners. She also provides:* Access to a complimentary website with supplementary resources, including a Fraud Detection Worksheet and case planning template* Strategies for systematically applying the Data Sleuth(r) framework to streamline and grow your practice* Methods and techniques to improve the quality of your work productData Sleuth is an indispensable, hands-on resource for practicing and aspiring fraud examiners and investigators, accountants, and auditors. It's a one-of-a-kind book that puts a practical blueprint to effective financial investigation in the palm of your hand. Inhaltsverzeichnis Foreword xi Preface xv Acknowledgments xix Chapter 1: Building a Data Sleuth Team 1 The First Team 2 The Forensic Accountant 4 Technical and Strategic 4 Thorough and Efficient 5 Detail-Oriented and Effective Communication 6 Accounting Knowledge and Legal Knowledge 7 Meeting Deadlines and Developing Business 8 Forensic Accountant Problems 8 The Scalability Problem 9 The Strategy Problem 10 The Review Problem 12 The Sustainability Problem 13 Data Sleuth Solutions 14 The Scalability Solution 14 The Strategy Solution 16 The Review Solution 18 The Sustainability Solution 18

List of contents

Foreword xi
 
Preface xv
 
Acknowledgments xix
 
Chapter 1: Building a Data Sleuth Team 1
 
The First Team 2
 
The Forensic Accountant 4
 
Technical and Strategic 4
 
Thorough and Efficient 5
 
Detail-Oriented and Effective Communication 6
 
Accounting Knowledge and Legal Knowledge 7
 
Meeting Deadlines and Developing Business 8
 
Forensic Accountant Problems 8
 
The Scalability Problem 9
 
The Strategy Problem 10
 
The Review Problem 12
 
The Sustainability Problem 13
 
Data Sleuth Solutions 14
 
The Scalability Solution 14
 
The Strategy Solution 16
 
The Review Solution 18
 
The Sustainability Solution 18
 
Chapter 2: The Data Sleuth Process 21
 
Engagement Types 21
 
Simultaneously Managing Client Expectations and Objectivity 25
 
Professional Standards 28
 
The Data Sleuth Process 30
 
Chapter 3: The Data Sleuth Necessity 41
 
Forensic Accounting Engagements versus External Financial Statement Audits 42
 
The Evolution of Forensic Accounting 44
 
The Case of the Cash Back Payroll Scheme 45
 
Start with the Evidence, Not the Scheme 47
 
The Case of the Gambling Executive Director 48
 
Chapter 4: Data Sleuth Considerations 53
 
Investigations Affect Real People 54
 
The Case of the Nonexistent Inventory 55
 
The Fraud Formula 58
 
Staying on Task with Purpose in Mind 59
 
The Investigation Decision Tree for a Data Sleuth 60
 
Recovery Avenues 63
 
The Case of the Man Cave 66
 
Chapter 5: Client Communication and Involvement 71
 
The Case of the Initial Client Meeting 72
 
Client Expectations 75
 
Data Procurement 77
 
Client Involvement During an Investigation 78
 
Ongoing Client Communication 81
 
Chapter 6: The Data Sleuth Case Plan 83
 
The Data Sleuth Process 83
 
The Client's Investigation Priorities 86
 
Evaluate the Subject's Access through Risk-Based Analysis 86
 
Data Sleuth Analysis Framework 88
 
From Conceptual Venn Diagram to Comparative Data Analysis 96
 
The Data Analysis Plan 97
 
Data and Information Gathering 99
 
Communication of the Case Plan 101
 
The Case of the Duplicate Payroll - Conclusion 102
 
Chapter 7: Risk-Based Analysis 105
 
The Case of the Puzzling Entries 106
 
Risk Focus in Audits versus Risk Focus in Investigations 118
 
The Case of the Mom of the Year 118
 
Evaluating Risk in Divorce Cases and Estate and Trust Disputes 126
 
Chapter 8: Data Sources and Data Processing Techniques 129
 
Data Sources Explained 129
 
Quantitative and Qualitative Data Sources 130
 
Data Sources for Quantitative Evidence 130
 
Data Sources for Qualitative Evidence 134
 
Using Quantitative and Qualitative Data Sources 135
 
Data Processing Techniques 136
 
Relevant Period 136
 
Getting Organized Before Beginning Data Processing 139
 
Considerations Before Processing Data 144
 
Account Scheduling Steps 145
 
Formatting Account Schedules and Normalizing Payees 149
 
Chapter 9: Standard Data Sleuth Analyses: Comparative Analysis and Source and Use Summaries 151
 
Comparative Analysis 152
 
The Case of the Cash Flow Fiasco 153
 
Source and Use Summary and Analysis 156
 
Bank Account Source and Use Analysis 157
 
Credit Card Account Source and Use Summary 164
 
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Product details

• Authors: Wietholter, L Wietholter, Leah Wietholter
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 31.05.2022
• EAN: 9781119834380
• ISBN: 978-1-119-83438-0
• No. of pages: 288
• Series: Wiley Corporate F&A
• Subjects: Social sciences, law, business > Business > Business administration; Controlling, Rechnungswesen, Accounting, Corporate/Managerial Accounting, Rechnungswesen / Technologie, Accounting Technology