Fraud 101, Second Edition serves as an educational tool for business managers, accountants, auditors, and college students who need to learn about becoming proactive in detecting fraud. This book creates the awareness that any fraud that is detected usually comprises a relatively small percentage of the fraud universe, and that traditional methods of fraud detection are only minimally effective. Fraud 101, Second Edition provides step-by-step guidance and new, real-world case studies on how to perform a proactive fraud audit. It then discusses the major types of fraud, providing an audit detection procedure for each. This revised edition is more comprehensive, covering financial balance fraud (as opposed to asset theft fraud) in detail and offering an extended discussion of Fraud-Specific Internal Control (FSIC). The revision is also be appropriate for use as a college-level text.
Book Details:
- Author: Howard Silverstone
- ISBN: 9780470240434
- Year Published: 2005
- Pages: 256
- BISAC: BUS001010, BUSINESS & ECONOMICS/Accounting / Financial
About the Book and Topic:
Fraud 101, Second Edition serves as an educational tool for business managers, accountants, auditors, and college students who need to learn about becoming proactive in detecting fraud. This book creates the awareness that any fraud that is detected usually comprises a relatively small percentage of the fraud universe, and that traditional methods of fraud detection are only minimally effective. Fraud 101, Second Edition provides step-by-step guidance and new, real-world case studies on how to perform a proactive fraud audit. It then discusses the major types of fraud, providing an audit detection procedure for each. This revised edition is more comprehensive, covering financial balance fraud (as opposed to asset theft fraud) in detail and offering an extended discussion of Fraud-Specific Internal Control (FSIC). The revision is also be appropriate for use as a college-level text.
Occupational fraud and abuse is one of the fastest-growing crimes in the United States and around the world. The most common method for detecting occupational fraud is by a tip from an employee, customer, vendor or anonymous source, and unfortunately, the second most common method is by accident. The traditional reactive approach to fraud has proven extremely inadequate and costly. More and more, businesses are seeing the need to be more proactive in detecting both asset theft and financial balance fraud.
Describes the different types of fraud and then provides proven methods of prevention. Provides unique insights into the nature of fraud and the mentality needed to combat it. Provides proven solutions about how to expose different types of fraud. Descriptive case studies are included throughout the book to reveal the real world of fraud, how easy it can be for a perpetrator, and how difficult it can be to prosecute. This new edition offers expanded coverage of financial statement fraud and fraud-specific internal control (FSIC), including Sarbanes-Oxley.
About the Author
HOWARD SILVERSTONE CPA, FCE, CFE (Philadelphia, PA) is a Principal in the Philadelphia office of Kroll, Inc. He has concentrated on forensic and investigative accounting since 1985 and has been involved in every aspect of cases, including planning, detailed analysis, discovery, and expert testimony, in forensic accounting. He has contributed articles to The Legal Intelligencer, Litigation Quarterly, and The Risk Report and a chapter to The CPA’s Handbook of Fraud and Commercial Crime Prevention, published in 2000 by the AICPA. He is a frequent speaker who has delivered presentations for St Paul Insurance Company, CNA Insurance Company, The Association of Certified Fraud Examiners, The Institute of Internal Auditors, and the Treasury Management Association (now Association of Financial Professionals). HOWARD R. DAVIA (deceased) was a certified public accountant with over 30 years of experience in government, industry, and public accounting. As an audit executive with both the U.S. General Accounting Office and the General Services Administration, and subsequently as a chief executive operating officer with the General Services Administration, he gained vast experience in the opportunities for fraud, as well as for its detection and deterrence. He is coauthor of Accountants Guide to Fraud Detection and Control, Second Edition (Wiley) and author of Fraud 101: Techniques and Strategies for Detection (2000, Wiley).