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Informationen zum Autor Thomas W. Golden, CPA, CFE (Chicago, IL). Partner, PricewaterhouseCooper LLP specializes in providing consulting and expert witness testimony in both civil and criminal matters with special expertise in forensic accounting, fraud investigation, and financial statement accounting. He is a former Chairman of the Board of Regents for the Association of Certified Fraud Examiners and the current President of the Better Government Association, a citizen watchdog group in Chicago, IL. Mr. Golden is an adjunct professor at DePaul University. Steven L. Skalak, CPA, (Chicago, IL) is the National Practice Leader for PwC Investigations & Forensic Services of PricewaterhouseCoopers LLP. He has participated in a variety of corporate investigations relating to allegations that the Securities and Exchange Acts were violated, and of accounting or auditing improprieties. Steve has represented Audit Committees, Directors, Officers, Auditors, and Companies in class action litigation with shareholders and SEC investigations. Mona M. Clayton, CPA, CFE, (Chicago, IL) Partner for Pwc specializes in international fraud investigations with particular emphasis in Latin America where she has conducted investigations. She has designed investigative practice aids providing for consistent methodologies to be incorporated across common scheme investigations. Ms Clayton is an adjunct professor at DePaul University. Klappentext Recent catastrophic business failures have caused some to rethink the value of the audit, with many demanding that auditors take more responsibility for fraud detection. This book provides forensic accounting specialists--experts in uncovering fraud--with new coverage on the latest PCAOB Auditing Standards, the Foreign Corrupt Practices Act, and on options fraud, as well as on fraud in China and its implications. Auditors are equipped with the necessary practical aids, case examples, and skills for identifying situations that call for extended fraud detection procedures. Zusammenfassung Recent catastrophic business failures have caused some to rethink the value of the audit, with many demanding that auditors take more responsibility for fraud detection. Inhaltsverzeichnis Preface xxi Acknowledgments xxiii Chapter 1 Fraud: An Introduction 1 Fraud: What is It? 2 Fraud: Prevalence, Impact, and Form 3 Fraud in Historical Perspective 4 Types of Fraud 5 Root Causes of Fraud 6 A Historical Account of the Auditor's Role 7 Auditors Are Not Alone 14 Deterrence, Auditing, and Investigation 16 Conceptual Overview of the Fraud Deterrence Cycle 17 First Look Inside the Fraud Deterrence Cycle 19 Auditing and Investigation 22 Chapter 2 Psychology of the Fraudster 25 Calculating Criminals 26 Situation-Dependent Criminals 27 Power Brokers 28 Fraudsters Do Not Intend to Harm 28 Kinds of Rationalization 33 Auditors' Need to Understand the Mind of the Fraudster 33 Conclusion 34 Chapter 3 The Roles of the Auditor and the Forensic Accounting Investigator 37 The Patrolman and the Detective 38 Complexity and Change 41 Auditor Roles in Perspective 42 Not All Good People 44 Each Company is Unique 45 Role of Company Culture 45 Estimates 46 Choices 49 What Auditors Do 50 Bedrock of an Effective Audit 55 SPADE 57 Auditing Standards Take a Risk-Based Approach to Fraud 58 Management Override 60 Regulatory Reaction to Fraud 60 Financial Benefits of Effective Fraud Management 61 Conclusion 61 Chapter 4 Auditor Responsibilities and the Law 63 Appendix: Summary of PCAOB Matters Involving Detection of Fraud 77 Chapter 5 When and Why to Call in For...
