Fraud 101: Techniques and Strategies for Detection
Occupational fraud and abuse is a widespread problem that affects practically every organization, regardless of size, location, or industry. While the high-profile cases of Enron and Tyco have increased public awareness of this type of fraud, the truth remains that accidents or anonymous tips only detect about two-thirds of known fraud cases. Detection in this manner is extremely inadequate and also can be exceedingly costly for your company. Discover how to become proactive in detecting and preventing financial fraud in your organization with the tools and techniques in Fraud 101, Second Edition.Demonstrating where traditional methods of fraud detection fall short, Fraud 101 provides step-by-step guidance showing you how to perform a proactive fraud investigation. If you're a beginning auditor or one with years of experience, this Second Edition tells you:What to search forHow to search for itHow to know when you're finishedWhen a case is ready for reactive case developmentWhen to quitBuilding upon the pioneering groundwork set by the late Howard Davia—who had more than thirty years of experience as a proactive fraud-specific investigator—Fraud 101, Second Edition takes Davia's original concepts and ideas and updates them to reflect the many developments that have taken place in the current global business climate. This Second Edition provides you with the latest tools for preventing and searching for fraud, including expanded coverage of financial statement fraud, internal controls, and Sarbanes-Oxley. Other key features include:Step-by-step guidance on how to perform an effective investigationNumerous real-world case studies, many of which are based on the authors' actual experiencesDiscussions of the major types of fraud, complete with sample investigation procedures for eachNew tools and case studies that cover financial fraudAnd much moreServing as an educational tool for business managers and owners, CFOs, accountants, controllers, auditors, and college students, Fraud 101, Second Edition provides the critical tools to combat fraud in any organization.