Book description
Principles of Fraud Examination 4th Edition by Joe Wels contains engaging real-life case studies and an analysis of the complexity of frauds and fraudulent behavior incorporated throughout the book. This text provides a broad understanding of fraud—what it is and how it is committed, prevented, and resolved. Principles of Fraud Examination 4th Edition begins by providing an understanding of fraud examination methodology then documents the schemes used by executive, managers, and employees to commit fraud against their organizations. Case studies, complete with statistics and flowcharts, are provided for each chapter. The primary focus of this text is maintained in the updated edition, with coverage of the actual accounting and human behaviors that lead to cases of accounting fraud. The 4th edition includes updates to reflect new and revised accounting standards and laws, updated statistics to include the most recent ACFE findings, and moderate changes to end of chapter material. Also included in the newest edition is updated coverage of recent examples of fraud accounting in the real world.
Table of contents
- Cover Page
- Title Page
- Copyright
- Dedication
- Foreword
- PREFACE
- Brief Contents
- Contents
- CHAPTER 1: INTRODUCTION
- CHAPTER 2: SKIMMING
- CHAPTER 3: CASH LARCENY
-
CHAPTER 4: BILLING SCHEMES
- CASE STUDY: MEDICAL SCHOOL TREATS FRAUD AND ABUSE
- OVERVIEW
- BILLING SCHEMES
- BILLING SCHEMES INVOLVING NONACCOMPLICE VENDORS
- CASE STUDY: COVER STORY: INTERNAL FRAUD
- PERSONAL PURCHASES WITH COMPANY FUNDS
- PROACTIVE COMPUTER AUDIT TESTS FOR DETECTING BILLING SCHEMES
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
- ENDNOTE
- CHAPTER 5: CHECK TAMPERING
- CHAPTER 6: PAYROLL SCHEMES
- CHAPTER 7: EXPENSE REIMBURSEMENT SCHEMES
-
CHAPTER 8: REGISTER DISBURSEMENT SCHEMES
- CASE STUDY: DEMOTION SETS FRAUD IN MOTION
- OVERVIEW
- REGISTER DISBURSEMENT SCHEMES
- CASE STUDY: A SILENT CRIME
- CONCEALING REGISTER DISBURSEMENTS
- PREVENTING AND DETECTING REGISTER DISBURSEMENT SCHEMES
- PROACTIVE COMPUTER AUDIT TESTS FOR DETECTING REGISTER DISBURSEMENT SCHEMES
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
- ENDNOTE
-
CHAPTER 9: NONCASH ASSETS
- CASE STUDY: CHIPPING AWAY AT HIGH-TECH THEFT
- OVERVIEW
- NONCASH MISAPPROPRIATION SCHEMES
- CASE STUDY: HARD DRIVES AND BAD LUCK
- CONCEALING INVENTORY SHRINKAGE
- PREVENTING AND DETECTING THEFTS OF NONCASH TANGIBLE ASSETS THAT ARE CONCEALED BY FRAUDULENT SUPPORT
- MISAPPROPRIATION OF INTANGIBLE ASSETS
- PROACTIVE COMPUTER AUDIT TESTS FOR DETECTING NONCASH MISAPPROPRIATIONS
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
- ENDNOTE
-
CHAPTER 10: CORRUPTION
- CASE STUDY: WHY IS THIS FURNITURE FALLING APART?
- OVERVIEW
- CORRUPTION SCHEMES
- BRIBERY
- ILLEGAL GRATUITIES
- ECONOMIC EXTORTION
- CONFLICTS OF INTEREST
- CASE STUDY: WORKING DOUBLE DUTY
- ANTI-CORRUPTION LEGISLATION
- PROACTIVE COMPUTER AUDIT TESTS FOR DETECTING CORRUPTION
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
- ENDNOTE
-
CHAPTER 11: ACCOUNTING PRINCIPLES AND FRAUD
- FRAUD IN FINANCIAL STATEMENTS
- CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING
- RESPONSIBILITY FOR FINANCIAL STATEMENTS
- USERS OF FINANCIAL STATEMENTS
- TYPES OF FINANCIAL STATEMENTS
- THE SARBANES–OXLEY ACT OF 2002
- FINANCIAL STATEMENT FRAUD DATA FROM THE ACFE 2011 GLOBAL FRAUD SURVEY
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
-
CHAPTER 12: FINANCIAL STATEMENT FRAUD SCHEMES
- CASE STUDY: THAT WAY LIES MADNESS
- OVERVIEW
- DEFINING FINANCIAL STATEMENT FRAUD
- COSTS OF FINANCIAL STATEMENT FRAUD
- FICTITIOUS REVENUES
- TIMING DIFFERENCES
- CASE STUDY: THE IMPORTANCE OF TIMING
- CONCEALED LIABILITIES AND EXPENSES
- IMPROPER DISCLOSURES
- IMPROPER ASSET VALUATION
- DETECTION OF FRAUDULENT FINANCIAL STATEMENT SCHEMES
- DETERRENCE OF FINANCIAL STATEMENT FRAUD
- CASE STUDY: ALL ON THE SURFACE
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
- CHAPTER 13: EXTERNAL FRAUD SCHEMES
-
CHAPTER 14: FRAUD RISK ASSESSMENT
- OVERVIEW
- WHAT IS A FRAUD RISK ASSESSMENT?
- WHY SHOULD ORGANIZATIONS CONDUCT FRAUD RISK ASSESSMENTS?
- WHAT MAKES A GOOD FRAUD RISK ASSESSMENT?
- CONSIDERATIONS FOR DEVELOPING AN EFFECTIVE FRAUD RISK ASSESSMENT
- PREPARING THE COMPANY FOR THE FRAUD RISK ASSESSMENT
- EXECUTING THE FRAUD RISK ASSESSMENT
- ADDRESSING THE IDENTIFIED FRAUD RISKS
- REPORTING THE RESULTS OF THE FRAUD RISK ASSESSMENT
- MAKING AN IMPACT WITH THE FRAUD RISK ASSESSMENT
- THE FRAUD RISK ASSESSMENT AND THE AUDIT PROCESS
- SUMMARY
- ESSENTIAL TERMS
- REVIEW QUESTIONS
- DISCUSSION ISSUES
- ENDNOTES
- CHAPTER 15: CONDUCTING INVESTIGATIONS AND WRITING REPORTS
- CHAPTER 16: INTERVIEWING WITNESSES
- CHAPTER 17: OCCUPATIONAL FRAUD AND ABUSE: THE BIG PICTURE
- APPENDIX A: ONLINE SOURCES OF INFORMATION
- APPENDIX B: SAMPLE CODE OF BUSINESS ETHICS AND CONDUCT
-
APPENDIX C: RISK ASSESSMENT TOOL
- INTRODUCTION
- MODULE # 1 – EMPLOYEE ASSESSMENT
- MODULE # 2 – MANAGEMENT/KEY EMPLOYEE ASSESSMENT
- MODULE # 3 – PHYSICAL CONTROLS TO DETER EMPLOYEE THEFT AND FRAUD
- MODULE # 4 – SKIMMING SCHEMES
- MODULE # 5 – CASH LARCENY SCHEMES
- MODULE # 6 – CHECK TAMPERING SCHEMES
- MODULE # 7 – CASH REGISTER SCHEMES
- MODULE # 8 – PURCHASING AND BILLING SCHEMES
- MODULE # 9 – PAYROLL SCHEMES
- MODULE # 10 – EXPENSE REIMBURSEMENT SCHEMES
- MODULE # 11 – THEFT OF INVENTORY AND EQUIPMENT
- MODULE # 12 – THEFT OF PROPRIETARY INFORMATION
- MODULE # 13 – CORRUPTION
- MODULE # 14 – CONFLICTS OF INTEREST
- MODULE # 15 – FINANCIAL STATEMENT FRAUD
- BIBLIOGRAPHY
- INDEX
Product information
- Title: Principles of Fraud Examination, 4th Edition
- Author(s):
- Release date: October 2013
- Publisher(s): Wiley
- ISBN: 9781118582886
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