Financial statement fraud
Subtitle: strategies for detection and investigation
By: Gerard M. Zack
Publisher: John Wiley & Sons
Published: 2013
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 288
ISBN-13: 9781118301555; 9781118419779; 9781118434055; 9781118421475
Subjects: Misleading financial statements; Fraud
Description: "Financial statement fraud is one of the most costly types of fraud and can have a direct financial impact on businesses and individuals, as well as harm investor confidence in the markets. While publications exist on financial statement fraud and roles and responsibilities within companies, there is a need for a practical guide on the different schemes that are used and detection guidance for these schemes. Financial Statement Fraud: Strategies for Detection and Investigation fills that need. Describes every major and emerging type of financial statement fraud, using real-life cases to illustrate the schemes. Explains the underlying accounting principles, citing both U.S. GAAP and IFRS that are violated when fraud is perpetrated. Provides numerous ratios, red flags, and other techniques useful in detecting financial statement fraud schemes. Accompanying website provides full-text copies of documents filed in connection with the cases that are cited as examples in the book, allowing the reader to explore details of each case further. Straightforward and insightful, Financial Statement Fraud provides comprehensive coverage on the different ways financial statement fraud is perpetrated, including those that capitalize on the most recent accounting standards developments, such as fair value issues." -- Publisher's description.
Notes: Includes bibliographical references and index.
Table of contents: title: Foreword; title: Preface; title: Acknowledgments; title: Revenue-based schemes; title: Introduction to revenue-based financial reporting fraud schemes; title: Timing schemes; title: Fictitious and inflated revenue; title: Misclassification schemes; title: Gross-up schemes; title: Asset-based schemes; title: Improper capitalization of costs; title: Asset valuation schemes; title: Fair value accounting; title: Expense and liability schemes; title: Shifting expenses to future periods; title: Omissions and under-reporting of liabilities; title: Other financial reporting schemes; title: Consolidations and business combinations; title: Financial reporting fraud as a concealment tool; title: Financial statement fraud by not-for-profit organizations; title: Disclosure fraud; title: Detection and investigation; title: Detecting financial statement fraud; title: Financial statement analysis; title: Ratio analysis; title: Other detection procedures; title: Fraud or honest mistake?; title: Assessing (or minimizing) auditor liability.