Corporate fraud handbook : prevention and detection / Joseph T. Wells.

Format:

Book

Author/Creator:

Wells, Joseph T., author.

Language:

English

Subjects (All):

Fraud.

Corporations--Corrupt practices.

Corporations.

Fraud investigation.

Fraud--Prevention.

Physical Description:

xvi, 415 pages : illustrations ; 27 cm

Edition:

Fifth edition.

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Inc., [2017]

Summary:

Corporate Fraud Handbook, Fifth Edition is the authoritative resource for identifying and preventing all the various types of fraud eating away at too many of today's organizations. Written by the founder and chairman of the Association of Certified Fraud Examiners (ACFE), this practical guidebook offers unmatched real-world insights into exactly how the most prevalent types of occupational crime are committed and how to stay a step ahead of it all through preventative measures. Extensively updated with fresh examples and statistics, this single resource enables you to: Develop a remarkable expertise in fraud detection and prevention based on your understanding of fundamental business procedures and terminology, Identify the "red flags" for the most common types of asset misappropriation, corruption, and financial statement fraud, Design and implement a state-of-the-art program for preventing fraud at every level of an organization, Fraud can be committed by anyone at any level of an organization, and Corporate Fraud Handbook, Fifth Edition shows you every way it happens and all the ways to see it, stop it, and calculate your losses. Book jacket.

Contents:

1 Introduction 1

Defining Occupational Fraud and Abuse 2

Research in Occupational Fraud and Abuse 6

2016 Report to the Nations on Occupational Fraud and Abuse 26

Notes 40

Part I Asset Misappropriations 43

2 Introduction to Asset Misappropriations 45

Overview 46

Definition of Assets 46

How Asset Misappropriations Affect Books of Account 47

Notes 56

3 Skimming 57

Overview 61

Skimming Data from the ACFE 2015 Global Fraud Survey 62

Unrecorded Sales 63

Understated Sales and Receivables 68

Theft of Checks Through the Mail 70

Short-Term Skimming 75

Converting Stolen Checks 76

Concealing the Fraud 79

Detection 84

Prevention 85

Notes 87

4 Cash Larceny 88

Overview 91

Cash Larceny Data from the ACFE 2015 Global Fraud Survey 92

Incoming Cash 93

Cash Larceny from the Deposit 98

Miscellaneous Larceny Schemes 102

Detection 103

Prevention 105

Note 106

5 Check Tampering 107

Overview 110

Check Tampering Data from the ACFE 2015 Global Fraud Survey 111

Forged Maker Schemes 118

Intercepted Checks 118

Forged Endorsement Schemes 118

Altered Payee Schemes 122

Concealed Check Schemes 125

Authorized Maker Schemes 127

Concealment 130

Detection 137

Prevention 139

Electronic Payment Tampering 141

Notes 143

6 Register Disbursement Schemes 144

Overview 145

Register Disbursement Data from the ACFE 2015 Global Fraud Survey 148

False Refunds 148

False Voids 155

Concealing Register Disbursements 157

Detection 158

Prevention 159

Note 159

7 Billing Schemes 160

Overview 164

Billing Scheme Data from the ACFE 2015 Global Fraud Survey 165

Shell Company Schemes 166

Non-Accomplice Vendor Schemes 171

Personal Purchases with Company Funds 176

Detection 182

Prevention 184

Note 184

8 Payroll and Expense Reimbursement Schemes 185

Overview 188

Payroll Scheme Data from the ACFE 2015 Global Fraud Survey 189

Payroll Schemes 190

Detection of Payroll Schemes 201

Prevention of Payroll Schemes 202

Expense Reimbursement Data from the ACFE 2015 Global Fraud Survey 207

Expense Reimbursement Schemes 208

Detection of Expense Reimbursement Schemes 215

Prevention of Expense Reimbursement Schemes 216

Note 216

9 Inventory and Other Noncash Assets 217

Overview: Noncash Misappropriation Data from the ACFE 2015 Global Fraud Survey 220

Misuse of Inventory and Other Assets 221

Theft of Inventory and Other Assets 223

Concealment 235

Detection 237

Prevention 241

Misappropriation of Intangible Assets 242

Notes 243

Part II Corruption 245

10 Bribery 247

Overview 250

Corruption Data from the ACFE 2015 Global Fraud Survey 255

Bribery Schemes 255

Something of Value 269

Economic Extortion 269

Illegal Gratuities 270

Detection 270

Prevention 272

Anti-Corruption Legislation 273

Notes 277

11 Conflicts of Interest 278

Overview 282

Purchasing Schemes 283

Sales Schemes 286

Other Schemes 287

Detection 289

Prevention 290

Note 291

Part III Financial Statement Fraud 293

12 Accounting Principles and Fraud 295

Introduction 296

Fraud in Financial Statements 299

Major Generally Accepted Accounting Principles 303

Responsibility for Financial Statements 306

Users of Financial Statements 307

Types of Financial Statements 307

Sarbanes-Oxley Act 309

Financial Statement Fraud Data from the ACFE 2015 Global Fraud Survey 320

Notes 321

13 Financial Statement Fraud Schemes 322

Overview 328

Defining Financial Statement Fraud 329

Costs of Financial Statement Fraud 329

Methods of Financial Statement Fraud 332

Detection of Financial Statement Fraud Schemes 353

Deterrence of Financial Statement Fraud 359

Notes 365

14 Occupational Fraud and Abuse: The Big Picture 366

Defining Abusive Conduct 366

Measuring the Level of Occupational Fraud and Abuse 367

Understanding Fraud Deterrence 370

Corporate Sentencing Guidelines 374

Ethical Connection 376

Concluding Thoughts 378

Notes 379.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Wells, Joseph T., author. Corporate fraud handbook

ISBN:

9781119351986

1119351987

OCLC:

983785949