Fraud 101: Techniques and Strategies for Understanding Fraud
If an employee brings home some office supplies for their kids to use with their school projects, is that fraud? How about when an employee charges personal items on the company's credit cards, receives vendor kickbacks, or inflates travel expenses? Instances of fraud occur every day and either go undetected, or are not deemed newsworthy enough to bring any attention to the matter. In fact, instances like these may be occurring right now in your organization—how will you know what to look for? And how can you stop it from taking place again?Now fully revised,Fraud 101, Third Editionexplains fraud in a practical, easily understood manner, serving as an enlightening tool for you, whether you are a business owner or manager, an accountant, or an auditor. A valuable introduction for dealing with fraud—from preventing and detecting it to investigating it,Fraud 101, Third Editionprovides insightful advice on the inner workings of numerous financial schemes and the internal controls that will increase your awareness and possibly prevent fraud from destroying your organization's financial stability.Offering guidance, understanding and new, real-world case studies on the major types of fraud, this new edition explores:Why fraud is committedAn overview of financial fraud schemesWhite-collar crimeEmployee embezzlementsInternal fraud controlsThe nature of collecting evidenceInvestigative issues, including alternatives for resolving fraud-related mattersHow to perform an effective investigationSample investigation procedures for the major fraud categoriesRegardless of why an individual perpetrates a fraud, the end result is usually the same: a substantial financial loss to the organization, often involving a significant amount of money that may never be recovered.Fraud 101, Third Editionwill show you how fraud schemes are perpetrated, detected, and investigated, with practical advice on how to notice and prevent fraudulent activity, minimizing the loss experienced by your organization.Highly readable and accessible, this timely book provides you with the methods and tips you need to readily recognize and investigate financial fraud and combat fraud in your organization.