Forensic Accounting

Cover
Title
Copyright
Contents
Preface
Chapter 1 Introduction to the World of Forensic Accounting
	Introduction
	What Is Forensic Accounting
	Forensic Accounting Services
	Forensic Accountants vs. Transactional Accountants and Auditors
	Forensic Accounting Skills
	Forensic Accounting Certifications and Supporting Organizations
	Careers in Forensic Accounting
	Summary
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
Chapter 2 The Legal Environment of Forensic Accounting
	Introduction
	United States v. Bonnie J. Bain
	Understanding the Legal Environment
	Procedure: The Anatomy of a Trial
	Evidence and the Expert
	Privileged Communication
	Working with Attorneys
	Epilogue: U.S. v. Bonnie Bain
	Appendix 2-A
	Appendix 2-B
	Appendix 2-C
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
Chapter 3 Screening and Staging Engagements
	Introduction
	Screening Engagements
	Staging an Engagement
	Epilogue: Mattco Forge, Inc. v. Arthur Young & Company
	Appendix 3-A
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
	Case
Chapter 4 Gathering Evidence—Interviews and Observations
	Introduction
	The Interview: A Primary Evidence-Gathering Tool
	Conducting Interviews
	The Value of Observations
	Epilogue: U.S. v. Ronda Nixon
	Appendix 4-A
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
	Case
Chapter 5 Financial Statements Analysis—Reading Between the Lines
	Case Study: ZZZZ Best Carpet Cleaning Service
	Introduction
	Context of Financial Reporting
	Foundations of Financial Statements Analysis
	Methods of Financial Statements Analysis
	Cash Flow Analysis
	Journal Entry Testing
	Content Analysis
	Personal Financial Statements
	Summary
	Appendix 5-A
	Appendix 5-B
	Appendix 5-C
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
Chapter 6 Fraud and White-Collar Crime
	Introduction
	Fraud and White-Collar Crime
	Fraud Theory
	Why Do People Commit Fraud?
	Who Commits Fraud?
	Victims of White-Collar Crime
	The Government Is Not Always Right
	Why You Need to Know
	Appendix 6-A
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
	Case
Chapter 7 Conducting a Fraud Investigation
	Introduction
	Suspicions of Fraud
	Background Information
	Significant Accounting Policies
	The Engagement
	The Investigation
	Epilogue
	Key Terms
Chapter 8 Transforming Data into Evidence (Part 1)
	Introduction
	The Role of Data Analysis
	Framing the Data Analysis Task
	Data Sources
	Planning for Data Analysis
	Data Collection
	Data Preparation
	Data Analysis Tools
	Interview Transcription
	Case Application
	Summary
	Appendix 8-A
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
	Case
Chapter 9 Transforming Data into Evidence (Part 2)
	Introduction
	Descriptive Statistics
	Methods for Displaying Data
	Data Mining
	Data Analysis Software
	Digital Analysis—Benford’s Law
	Summary
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
Chapter 10 Professional Responsibilities
	Introduction
	Professional Responsibility
	AICPA Code of Professional Conduct
	Statement on Standards for Consulting Services No. 1
	ACFE Code of Professional Standards
	NACVA Professional Standards
	Six Essential Qualities
	Revisiting the Rules of Evidence and Discovery
	Other Standards and Regulatory Agencies
	Professional Responsibilities and the Expert
	Reconciling Conflicts
	The Adversary-Advocacy Nature of Forensic Accounting
	Making Good Decisions
	Common Professional Responsibility Failures
	Epilogue: Dock’s Creek Land Company, LLC v. T. R. Robertson, CPA
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
Chapter 11 Fundamentals of Business Valuation
	Introduction
	How Much Is the Business Worth?
	Valuation Theory (The Time Value of Money)
	Business Valuation Process
	Other Valuation Issues
	Professional Standards
	Concluding Truths
	Key Terms
	Chapter Questions
	Multiple-Choice Questions
	Workplace Applications
	Chapter Problems
	Case
Chapter 12 Special Topics
	12.1 Methods of Proof (Direct vs. Indirect)
		Introduction
		Direct Method of Proof
		Indirect Method of Proof
		Method of Proof Selection
		Indirect Methods and the Courts
	12.2 Economic Damages
		Introduction
		What Are Economic Damages?
		Types of Compensatory Damages
		Calculating Economic Damages
		Concluding Comments
	12.3 Computer Forensics
		Introduction
		Computer Forensics in Context
		The Process of a Computer Forensics Investigation
		Trends in Computer Forensics
		A Final Caution
	12.4 Reporting Results
		Introduction
		Judicial Mandate—Rule 26
		Professional Guidelines
		Tips for Effective Reports
		Appendix 12-A
		Key Terms
		Chapter Questions
		Multiple-Choice Questions
		Workplace Applications
		Chapter Problems
Glindex (combined Glossary and Index)
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Credits