Forensic Accounting and Fraud Investigation for Non-Experts

Forensic Accounting and Fraud Investigation for Non-Experts......Page 3
CONTENTS......Page 7
ACKNOWLEDGMENTS......Page 11
PART I: FRAUD AND FORENSIC ACCOUNTING OVERVIEW......Page 13
WHAT IS FRAUD?......Page 15
TYPES OF FRAUD......Page 18
WHAT THE NUMBERS TELL US ABOUT FRAUD......Page 23
THE SOCIAL CONSEQUENCES OF ECONOMIC CRIME......Page 33
SUGGESTED READINGS......Page 34
NOTES......Page 35
INTRODUCTION......Page 37
THE FIVE ACCOUNTING CYCLES......Page 39
JOURNALS......Page 46
SUGGESTED READINGS......Page 48
NOTES......Page 49
CHAPTER 3: THE ENTITIES......Page 50
PARTNERSHIPS......Page 51
CORPORATIONS......Page 53
BUSINESS ENTERPRISES IN THE GLOBAL ENVIRONMENT......Page 54
SUGGESTED READINGS......Page 59
NOTES......Page 60
GOOD ANALYSIS = DUE DILIGENCE?......Page 61
WHY DO IT?......Page 62
OTHER FACTORS TO CONSIDER......Page 63
ANALYSIS FOR THE NON-EXPERT......Page 64
TO THE FUTURE......Page 70
SUGGESTED READINGS......Page 71
NOTES......Page 72
THE IMPORTANCE OF ACCOUNTING PROFESSIONALS IN THE INVESTIGATION......Page 73
THE AUDIT PROCESS......Page 77
INTERNAL CONTROLS......Page 80
NOTES......Page 82
PART II: FINANCIAL CRME INVESTIGATION......Page 83
INTRODUCTION......Page 85
EMPLOYEE THEFTS......Page 86
PAYROLL FRAUD......Page 90
FRAUDULENT BILLING SCHEMES......Page 92
FRAUD COMMITTED BY OUTSIDERS......Page 93
MANAGEMENT THEFTS......Page 94
CORPORATE THEFTS......Page 97
IDENTITY THEFT......Page 98
NOTES......Page 100
ORGANIZED CRIME AND BUSINESS......Page 102
MONEY LAUNDERING......Page 110
CONCLUSION......Page 117
SUGGESTED READINGS......Page 118
NOTES......Page 120
INTRODUCTION......Page 123
CASE INITIATION......Page 124
CASE EVALUATION......Page 126
GOAL SETTING AND PLANNING......Page 128
INVESTIGATION......Page 135
CONCLUSION......Page 143
NOTES......Page 144
INTRODUCTION......Page 146
THE INTERVIEW......Page 147
INTERVIEWING FINANCIALLY SOPHISTICATED WITNESSES......Page 164
CONCLUSION......Page 167
SUGGESTED READINGS......Page 168
NOTES......Page 169
INTRODUCTION......Page 172
DOCUMENT COLLECTION......Page 173
DOCUMENT ORGANIZATION......Page 188
THE PROCESS OF PROOF......Page 192
THE LOGIC OF ARGUMENT......Page 194
PROOF THROUGH INFERENCE......Page 199
CONCLUSION......Page 203
SUGGESTED READINGS......Page 204
NOTES......Page 206
WHY USE ANALYSIS TOOLS AT ALL?......Page 208
ASSOCIATIONAL ANALYSIS......Page 210
TEMPORAL ANALYSIS......Page 229
CONCLUSION......Page 236
NOTES......Page 237
HOW INFERENTIAL ANALYSIS HELPS......Page 239
WHAT IS AN INFERENCE NETWORK?......Page 240
INVESTIGATIVE INFERENCE ANALYSIS......Page 243
THE KEY LIST......Page 249
CONSTRUCTING AN INVESTIGATIVE INFERENCE CHART......Page 250
PLOTTING THE CHART......Page 254
SOME TIPS FOR CHARTING SUCCESS......Page 259
APPLYING THE CHART TO THE INVESTIGATIVE PROCESS......Page 260
CONCLUSION......Page 261
SUGGESTED READINGS......Page 262
NOTES......Page 264
CREATING A SYSTEM......Page 266
THE CASEBOOK SYSTEM......Page 267
REPORT WRITING......Page 275
TESTIFYING AS A FINANCIAL EXPERT......Page 278
CONCLUSION......Page 294
NOTES......Page 295
INDEX......Page 299