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Financial Forensics Body of Knowledge, + Website

Book Description

The definitive, must-have guide for the forensic accounting professional

Financial Forensics Body of Knowledge is the unique, innovative, and definitive guide and technical reference work for the financial forensics and/or forensic accounting professional, including nearly 300 forensic tools, techniques, methods and methodologies apply to virtually all civil, criminal and dispute matters. Many of the tools have never before been published.

It defines the profession: "The Art & Science of Investigating People & Money."

It defines Forensic Operators: "...financial forensics-capable personnel... possess unique and specific skills, knowledge, experience, education, training, and integrity to function in the financial forensics discipline."

It defines why: "If you understand financial forensics you understand fraud, but not vice versa" by applying financial forensics to all aspects of the financial community.

It contains a book-within-a-book Companion Section for financial valuation and litigation specialists.

It defines foundational financial forensics/forensic accounting methodologies: FAIM, Forensic Accounting Investigation Methodology, ICE/SCORE, CICO, APD, forensic lexicology, and others.

It contains a Reader Lookup Table that permits everyone in the financial community to immediately focus on the pertinent issues.

This work is the only financial forensics/forensic accounting methodology also published by the United States Department of Justice. It redefines the standard for all dimensions of the financial forensics and forensic accounting profession and is written to address the entire financial community comprised of Originators (CFOs, controllers, accountants, analysts, etc.), Users (auditors, valuators, attorneys, judges, lenders, investors, internal auditors, consumers, bankers, professors, board members, executives, journalists, etc.), and Regulators (civil, including IRS, IMF, SEC,; and criminal, including FBI and state and local law enforcement; Interpol, counterterrorism and military.

Financial Forensics Body of Knowledge is:

  • The only codified financial forensics/forensic accounting methodology known to exist;

  • The only codified methodology comprising civil, criminal, and dispute methodologies within the same framework;

  • The only codified methodology supported by optional Internet-based software that continually updates content with newly discovered and developed forensic tools, techniques, methods and methodologies, and actual reports;

  • The only codified methodology to contain actual report content (BLINDED) for many different forensic matters, including alter ego, damages, fraud, fraudulent transfer, marital dissolution, valuation, etc.;

  • The only codified methodology to contain a comprehensive Forensic Inventory of tools, techniques, methods and methodologies;

  • The only codified methodology to address virtually every type of entity, i.e. privately-held, publicly-held, governmental, charitable, NPO, NGO, etc.;

  • The only codified methodology applicable to the US and global financial community;

  • The only codified methodology that comprises an embedded training tool for beginning, intermediate and advanced financial professionals;

  • The only codified methodology suitable for immediate adoption as firm-wide and agency-wide best practices technical and training standards.

  • The great majority of the content has not been previously assembled and published, and duplication of other publications has been purposely avoided to prevent redundancy.

    The two principal authors have trained literally thousands within the financial community in various aspects of the content during the last several years. The attendees have included virtually all entity types, including federal, state and local government and law enforcement, e.g. SEC, FBI. The feedback has been universally positive and prompted the construction of this book. The contributing authors include public and private practice, attorneys, academics, law enforcement, and publicly-held and privately-held financial professionals. They are practitioners first and foremost and heavily experienced in instructional settings.

    Table of Contents

    1. Cover
    2. Series
    3. Title Page
    4. Copyright
    5. Dedication
    6. Preface
    7. Acknowledgments
    8. Introduction
      1. WHAT IS A METHODOLOGY?
      2. WHY WAS THIS BOOK WRITTEN?
      3. HOW TO USE THIS BOOK
      4. ABOUT THE BOOK'S WEBSITE
      5. HOW THIS BOOK IS ORGANIZED
    9. PART One: Financial Forensics Tools, Techniques, Methods, and Methodologies
      1. CHAPTER 1: Foundational Phase
        1. ASSIGNMENT DEVELOPMENT STAGE
        2. SCOPING STAGE
        3. CONCLUSION
      2. CHAPTER 2: Interpersonal Phase
        1. INTERVIEWS AND INTERROGATION STAGE
        2. BEHAVIOR DETECTION
        3. BACKGROUND RESEARCH STAGE
        4. CONCLUSION
      3. CHAPTER 3: Data Collection and Analysis Phase: Part I
        1. DATA COLLECTION STAGE
        2. FORENSIC DOCUMENT REQUEST
        3. Surveillance Stage
        4. CONFIDENTIAL INFORMANTS STAGE
        5. UNDERCOVER STAGE
        6. LABORATORY ANALYSIS STAGE
        7. CONFIRMATION BIAS: CLINICAL THINKING
        8. ABERRANT PATTERN DETECTION: WHAT'S THE DIFFERENCE?
        9. FORENSIC LEXICOLOGY: HOW TO ANALYZE WORDS LIKE NUMBERS
        10. CONCLUSION
      4. CHAPTER 4: Data Collection and Analysis Phase: Part II
        1. ANALYSIS OF TRANSACTIONS STAGE
        2. THE MYTH OF INTERNAL CONTROL
        3. FINANCIAL STATEMENTS—WRITTEN CONFESSIONS
        4. 60-SECOND METHOD
        5. FORENSIC INDICES
        6. FORENSIC FINANCIAL ANALYSIS
        7. CONCLUSION
      5. CHAPTER 5: Data Collection and Analysis Phase: Part III
        1. FSAT—FINANCIAL STATUS AUDIT TECHNIQUES
        2. APPLYING DIGITAL ANALYSIS TECHNIQUES IN FINANCIAL FORENSICS INVESTIGATIONS
        3. VALUATION & FORENSICS—WHY & HOW
        4. VALUATION'S ORPHAN
        5. CONCLUSION
      6. CHAPTER 6: Trial and Reports Phase
        1. TRIAL PREPARATION STAGE
        2. TESTIMONY AND EXHIBITS
        3. WEAPON (WPN)
        4. REPORTS AND EXHIBITS: TIPS AND TECHNIQUES
        5. POST-ASSIGNMENT
        6. CONCLUSION
    10. PART Two: Financial Forensics Special Topics
      1. CHAPTER 7: Counterterrorism: Conventional Tools for Unconventional Warfare
        1. STOP THE MONEY—STOP THE TERRORISTS
        2. CIVIL TOOLS USED BY FEDERAL LAW ENFORCEMENT
        3. THE CIVIL STATUTES AS COUNTERTERRORISM WEAPONS
        4. WHY USE CIVIL LAWS IN ADDITION TO CRIMINAL LAWS?
        5. DISCUSSION OF ALTER EGO
        6. ALTER EGO LITERATURE
        7. ALTER EGO JURISDICTIONAL EXAMPLES
        8. THE CHALLENGES OF ALTER EGO INVESTIGATION
        9. FRAUDULENT TRANSFER
        10. SOLVENCY
        11. FORENSIC ACCOUNTING TECHNIQUES
        12. ALTER EGO, FRAUDULENT CONVEYANCE, AND SOLVENCY MATTERS IN ACTION
        13. WHAT TARGET-RICH SCENARIOS CAN BE EXPLOITED?
        14. FORENSIC ACCOUNTING: COUNTERTERRORISM WEAPONRY
        15. FINANCIAL STATEMENTS—THE SOURCES OF DATA
        16. WHEN FINANCIAL STATEMENTS CONTAIN LAUNDERED MONEY
        17. WHEN NO RECORDS HAVE BEEN PREPARED BY THE TERRORIST
        18. SUMMARY OF FORENSIC ACCOUNTING OBSERVATIONS
        19. A FORENSIC ACCOUNTING METHODOLOGY TO SUPPORT COUNTERTERRORISM
        20. SUMMARY
        21. CONCLUSION
      2. CHAPTER 8: Civil versus Criminal Law Comparison
        1. COMPARISON
        2. WHAT IF YOU SUSPECT EMBEZZLEMENT?—THE THREE BIG DON’TS AND SEVERAL DO'S
        3. CONCLUSION
    11. APPENDIX: Forensic Inventory
    12. Bibliography
    13. About the Authors and Contributors
      1. CONTRIBUTING AUTHORS
    14. Index