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Corporate Fraud and Internal Control + Software Demo: A Framework for Prevention

Book Description

Essential guidance for companies to examine and improve their fraud programs

Corporate governance legislation has become increasingly concerned with the ongoing resilience of organizations and, particularly, with their ability to resist corporate fraud from the lowest levels to the upper echelons of executive management. It has become unacceptable for those responsible for corporate governance to claim, "I didn't know." Corporate Fraud and Internal Control focuses on the appropriateness of the design of the system of internal controls in fraud risk mitigation, as well as the mechanisms to ensure effective implementation and monitoring on an ongoing basis.

  • Applicable for a wide variety of environments, including governmental, financial, manufacturing and e-business sectors

  • Includes case studies from the United States, Europe, and Africa

  • Follows the standards laid down by the Association of Certified Fraud Examiners, the internationally recognized body governing this activity

  • Accompanying interrogation software demo (software demo is not included as part of this book's e-book file, but is available for download after purchase)

  • Written by a fraud prevention leader, Corporate Fraud and Internal Control addresses the concerns of both management and audit in ensuring a demonstrable level of activity to ensure sustainability of the organization and minimization of the impacts of fraud, upon early detection.

    Table of Contents

    1. Cover
    2. Title Page
    3. Copyright
    4. Preface
    5. Chapter 1: Nature of Fraud
      1. FRAUD AND IRREGULARITIES: DEFINITIONS AND CONCEPTS
      2. COST OF FRAUD
      3. NOTES
    6. Chapter 2: Elements of the Crimes of Theft and Fraud
      1. DOCUMENT FRAUD
      2. CORROBORATING DOCUMENTS
      3. PROCUREMENT FRAUD
      4. BRIBERY AND CORRUPTION
      5. INDUSTRIAL ESPIONAGE
      6. CHECK FRAUD AND MONEY LAUNDERING
      7. NOTES
    7. Chapter 3: Frauds Against the Individual
      1. ONLINE AUCTION FRAUD
      2. CONSUMER FRAUDS
      3. TELEPHONE FRAUDS
      4. CHARITY FRAUDS
      5. MISREPRESENTATION OF MATERIAL FACTS
      6. CONCEALMENT OF MATERIAL FACTS
      7. ADVANCE FEES (4-1-9) FRAUDS
      8. “MIDDLEMAN” FRAUDS
      9. BAIT AND SWITCH
      10. LARCENY
      11. EXTORTION
      12. COUNTERFEIT GOODS AND INTELLECTUAL PROPERTY
      13. AFFINITY FRAUDS
      14. PYRAMID SCHEMES
      15. PONZI SCHEMES
      16. CAREER OPPORTUNITIES
      17. CASH RECOVERY FRAUDS
    8. Chapter 4: Frauds Against the Organization
      1. BANKRUPTCY FRAUD
      2. CHECK FRAUD
      3. OBTAINING FRAUDULENT LOANS
      4. UNSOLICITED ORDERS
      5. EMBEZZLEMENT
      6. BRIBERY
      7. CORRUPTION
      8. CONFLICTS OF INTEREST
      9. BREACH OF FIDUCIARY DUTY
      10. THEFT OF TRADE SECRETS
      11. FALSE CLAIMS
      12. FALSE CONVEYANCING
      13. TUNNELING
      14. CONSPIRACY
      15. LAPPING
      16. KITING
      17. FRAUDULENT AFFILIATIONS
      18. COUNTERFEIT MONEY
      19. BENEFIT FRAUDS
      20. INSURANCE FRAUD
      21. PAYMENT CARD FRAUDS
      22. PENSION FRAUDS
      23. TAX FRAUD
      24. INSIDER TRADING AND MARKET ABUSE
      25. CLICK FRAUD
      26. COUNTERFEIT GOODS AND INTELLECTUAL PROPERTY
      27. PROCUREMENT FRAUD
      28. NOTES
    9. Chapter 5: Fighting Corruption
      1. BRIBERY IN CONTRACTS
      2. RED FLAGS AT ENRON AND WORLDCOM
      3. NEPOTISM AND FAVORITISM
      4. ABUSE OF AUTHORITY
      5. DEVELOPING AN OVERALL ANTICORRUPTION CULTURE
      6. NOTES
    10. Chapter 6: Role of Ethics in Fighting Fraud
      1. HOW MORAL DECISIONS ARE MADE
      2. NATURE AND ROLE OF ETHICS
      3. MANAGING ETHICAL RISK
      4. REPORTING OF FRAUD
      5. NOTES
    11. Chapter 7: Controlling Fraud
      1. CORPORATE GOVERNANCE AND FRAUD PREVENTION
      2. AUDIT COMMITTEE’S ROLE IN FIGHTING FRAUD
      3. INTERNAL CONTROL AND THE PREVENTION OF FRAUD
      4. FIGHTING SHRINKAGE
      5. INTERNAL AUDIT ROLE
      6. NOTES
    12. Chapter 8: Fraud Risk Management
      1. ESTABLISHING THE CORPORATE FRAUD RISK PROFILE
      2. CASCARINO CUBE
      3. ROLES OF THE INTERNAL, EXTERNAL, AND FORENSIC AUDITOR
      4. WHISTLEBLOWING IN DETECTING FRAUD
      5. NOTE
    13. Chapter 9: Investigating Fraud
      1. RED FLAGS AND INDICATORS OF FRAUD
      2. CORPORATE FRAUD INDICATORS
      3. CONDUCTING AN INVESTIGATION
      4. TOOLS AND TECHNIQUES
      5. USE OF THE POLYGRAPH
      6. DOCUMENTING THE INVESTIGATIVE PROCESS
      7. EVIDENCE ANALYSIS
      8. INVESTIGATIVE ERRORS
      9. AFTER THE EVENT
      10. ESTABLISHING AN INVESTIGATIONS FUNCTION
      11. TRACING AND RECOVERING ASSETS
      12. NOTES
    14. Chapter 10: Computer Fraud and Countermeasures
      1. MAINFRAME ARCHITECTURES
      2. MAINFRAME COMMUNICATIONS
      3. CONTROL OF SERVERS
      4. WAN COMMUNICATIONS
      5. WORKSTATION SECURITY
      6. MOBILE COMPUTING AND THE INTERNET
      7. CLOUD COMPUTING
      8. COMPUTER AND INFORMATION FRAUD
      9. MONITORING TOOLS
      10. PREVENTING E-COMMERCE FRAUD
      11. E-COMMERCE CONTROL OPPORTUNITIES
      12. E-PAYMENTS
      13. INTERNAL CONTROL BEST PRACTICES
      14. NEWER FRAUD SCHEMES
      15. PROTECTING DIGITAL ASSETS
      16. FOILING THE HACKERS
      17. INVESTIGATING COMPUTER FRAUD
      18. COMPUTER LAW
      19. NOTE
    15. Chapter 11: Legal Issues Surrounding Fraud
      1. IMPACT OF A CONSTITUTION
      2. FRAUD AND THE LAWS OF EVIDENCE
      3. ASSET RECOVERY
      4. LABOR LEGISLATION AND FRAUD
      5. NOTE
    16. Chapter 12: Industry-Related Fraud Opportunities
      1. BANKING FRAUD
      2. MONEY LAUNDERING
      3. HEALTH CARE FRAUD
      4. INSURANCE FRAUD
      5. TAX FRAUD
      6. SOCIAL SECURITY FRAUD
      7. FRAUD AFTER DEATH
      8. CONSTRUCTION FRAUD
      9. NOTES
    17. Appendix A: Audit Committee Charter
    18. Appendix B: Corporate Fraud Policy
      1. POLICY
      2. BACKGROUND AND IMPLEMENTATION
      3. FRAUD AWARENESS TRAINING
    19. Appendix C: Whistleblowing Policy
      1. REPORTING AND INVESTIGATION
    20. Appendix D: Fraud Prevention Checklist
    21. Appendix E: Fraud Risk Questionnaire Sample
    22. Appendix F: Fraud Risk Analysis
    23. Appendix G: Fraud CAATs
      1. TECHNIQUES
      2. TOOLS
      3. CONTINUOUS MONITORING
    24. Glossary
    25. About the Author
    26. About the Web Site
    27. Index