{"product_id":"detecting-accounting-fraud-before-its-too-late-isbn-9781119566847","title":"Detecting Accounting Fraud Before It's Too Late","description":"\u003cp\u003e\u003cb\u003eDetect accounting fraud before it’s too late\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting fraud is the deliberate manipulation of accounting records in order to make a company's financial performance seem better or worse than it actually is. Accounting scandals often have catastrophic consequences for shareholders and employees. Thus, analysts and auditors must be equipped to detect accounting fraud.\u003c\/p\u003e \u003cp\u003eThis book is a comprehensive guide to detecting accounting fraud for auditors investigating accounting fraud and analysts\/managers seeking to prevent it. A wide variety of warning signs are described, as are several techniques for detecting and addressing fraud.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the motivations and warning signs behind accounting fraud\u003c\/li\u003e \u003cli\u003eGet to know how accounting fraud is done and how to detect it\u003c\/li\u003e \u003cli\u003eAvoid the losses that often come from accounting fraud\u003c\/li\u003e \u003cli\u003eBenefit from case studies throughout to that help illustrate the author's points\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIt’s unfortunate that managers, auditors, and analysts must be wary of accounting fraud—but this book equips you with the know-how to detect it before it’s too late.\u003c\/p\u003e \u003cp\u003ePrologue xi\u003c\/p\u003e \u003cp\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Fraud and Accounting Manipulations 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Fraud and Its Effects 1\u003c\/p\u003e \u003cp\u003e1.2 Modifying Companies’ Financial Information 2\u003c\/p\u003e \u003cp\u003e1.3 Calling Things by Their Name: From Creative Accounting to Big Baths 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Accounting Fraud: An Ancient Practice 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The First Accounting Frauds 9\u003c\/p\u003e \u003cp\u003e2.2 Accounting Frauds Continue with the Double Entry 10\u003c\/p\u003e \u003cp\u003e2.3 The Crash of 1929 and the Obligation to Audit Accounts 12\u003c\/p\u003e \u003cp\u003e2.4 Reinforcement of the Commercial Law and Auditing After the String of Scandals of 2000 13\u003c\/p\u003e \u003cp\u003e2.5 With the Crisis of 2008, History Repeats Itself 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Problems with Legislation and Those Involved in the Financial Information 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 How Financial Information Is Generated 19\u003c\/p\u003e \u003cp\u003e3.2 Auditing of Accounts: Essential, but Not Infallible 20\u003c\/p\u003e \u003cp\u003e3.3 Analysts and Rating Agencies 23\u003c\/p\u003e \u003cp\u003e3.4 Regulators and the Limitations of Accounting Regulations 26\u003c\/p\u003e \u003cp\u003e3.5 Role of the Media 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Why Are Accounts Manipulated? 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Motivation, Opportunity, and Rationalization 31\u003c\/p\u003e \u003cp\u003e4.2 The Door to Fraud 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Legal Accounting Manipulations 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Alternatives, Estimations, and Legal Gaps 47\u003c\/p\u003e \u003cp\u003e5.2 Main Legal Manipulations 52\u003c\/p\u003e \u003cp\u003e5.3 Impact of Legal Manipulations in the Accounts 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Illegal Accounting Manipulations 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Accounting Crime 61\u003c\/p\u003e \u003cp\u003e6.2 How Illegal Manipulations Are Done 63\u003c\/p\u003e \u003cp\u003e6.3 Operations Through Tax Havens 65\u003c\/p\u003e \u003cp\u003e6.4 Main Illegal Manipulations 68\u003c\/p\u003e \u003cp\u003e6.5 Main Items Affected by Accounting Frauds 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Ethical Considerations and Economic Consequences of Manipulations 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 The Ethical Dimensions of Accounting Fraud 75\u003c\/p\u003e \u003cp\u003e7.2 Economic Consequences of Accounting Fraud 77\u003c\/p\u003e \u003cp\u003e7.3 Consequences to Managers and Companies that Manipulate Accounts 77\u003c\/p\u003e \u003cp\u003e7.4 What to Do When a Company Deteriorates 79\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Personal Warning Signs 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Moments the Warning Signs Occur 85\u003c\/p\u003e \u003cp\u003e8.2 Warning Signs Before Fraud Occurs 87\u003c\/p\u003e \u003cp\u003e8.3 Warning Signs After the Fraud Occurs 89\u003c\/p\u003e \u003cp\u003e8.4 Language of Fraudsters 91\u003c\/p\u003e \u003cp\u003e8.5 Successful Businessmen Who End Up in Jail 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Organizational Warning Signs and Nonfinancial Indicators 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Warning Signs Before a Fraud Occurs 99\u003c\/p\u003e \u003cp\u003e9.2 Warning Signs After a Fraud Occurs 106\u003c\/p\u003e \u003cp\u003e9.3 Warning Signs Based on Nonfinancial Indicators 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Warning Signs in the Accounts 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Auditing of Accounts 111\u003c\/p\u003e \u003cp\u003e10.2 Balance Sheet 112\u003c\/p\u003e \u003cp\u003e10.3 Income Statement 113\u003c\/p\u003e \u003cp\u003e10.4 Cash Flow Statement 115\u003c\/p\u003e \u003cp\u003e10.5 Statement of Changes in Equity 119\u003c\/p\u003e \u003cp\u003e10.6 Notes 120\u003c\/p\u003e \u003cp\u003e10.7 Ratios That Anticipate Frauds 121\u003c\/p\u003e \u003cp\u003e10.8 Variations in Accounts that Warn of Frauds Already Produced 123\u003c\/p\u003e \u003cp\u003e10.9 Ratios That Warn of Frauds Already Produced 124\u003c\/p\u003e \u003cp\u003e10.10 Synthetic Index to Detect Manipulating Companies 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Some Suggestions to Improve the Current Situation 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Reinforce Values and Institute Ethical Codes 141\u003c\/p\u003e \u003cp\u003e11.2 Improve Control Systems in Organizations 143\u003c\/p\u003e \u003cp\u003e11.3 Improve Regulation 147\u003c\/p\u003e \u003cp\u003e11.4 Reinforce Supervision 148\u003c\/p\u003e \u003cp\u003e11.5 Reinforce the Sanctioning Regime 149\u003c\/p\u003e \u003cp\u003e11.6 The Challenge of Providing Relevant Information for Decision-Making 150\u003c\/p\u003e \u003cp\u003eEpilogue 155\u003c\/p\u003e \u003cp\u003eAppendix 1 Criminal Responsibility of Legal Entities and Regulatory Compliance 157\u003c\/p\u003e \u003cp\u003eAppendix 2 Audit Program for the Identification of Fraud Risks 161\u003c\/p\u003e \u003cp\u003eList of Companies Mentioned in the Book and Section in which They Appear 179\u003c\/p\u003e \u003cp\u003eIndex 183 \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eORIOL AMAT\u003c\/b\u003e is a professor of financial economics and accounting at Universitat Pompeu Fabra in Barcelona, Spain; and dean of the UPF Barcelona School of Management. He is also the director of the master’s program in accounting and finance. In addition, Amat is president of the Catalan Accounting Association (ACCID) and was previously a member of the Catalan Parliament and a board member of the National Commission of the Stock Exchange. \u003c\/p\u003e\u003cp\u003e   \u003c\/p\u003e\u003cp\u003eA company’s financial information is crucial for making most business decisions. Therefore, it is essential that an organization’s accounts are reliable and based on accurate information. \u003ci\u003eDetecting Accounting Fraud Before It’s Too Late\u003c\/i\u003e is a comprehensive guide to corporate fraud and manipulation. The book is filled with the facts, insights, and helpful suggestions for understanding and preventing corporate malfeasance before it takes hold of an organization and causes irreparable harm. Written by Oriol Amat—a noted expert on the topic—the book contains an in-depth exploration of the warning signs that indicate accounting fraud is taking place and details the proven techniques for identifying, preventing, and addressing fraud. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eDetecting Accounting Fraud Before It’s Too Late\u003c\/i\u003e describes both legal and illegal accounting manipulation practices and offers a thorough examination of the ethical considerations and economic consequences of manipulations that affect shareholders, banks, employees, and others. Filled with real-world case studies from American, European, and Asian companies, the book clearly illustrates and analyzes the nature of accounting manipulation and, in many cases, reveals the underlying motivation. \u003c\/p\u003e\u003cp\u003eThe book shows how organizations can prevent accounting fraud and explains the role corporate governance plays in mitigating fraudulent practices. Designed as a practical resource, the book contains a unique, evidence-based list of fraud warning signs. The individual warning signs are combined into a fraud index. Investors can use the fraud index as a tool to rank companies by their susceptibility to financial information fraud. \u003c\/p\u003e\u003cp\u003eIn addition, the book offers a historical perspective on corporate fraud that reaches back in time to explain fraud in Mesopotamia and The Dutch East India Company. The author also puts contemporary scandals under the microscope such as Enron and Lehman Brothers. \u003c\/p\u003e\u003cp\u003eThis essential guide will benefit auditors investigating accounting fraud, analysts, and managers responsible for preventing fraud within their organizations.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989051064549,"sku":"NP9781119566847","price":52.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119566847.jpg?v=1761782591","url":"https:\/\/k12savings.com\/es\/products\/detecting-accounting-fraud-before-its-too-late-isbn-9781119566847","provider":"K12savings","version":"1.0","type":"link"}