{"product_id":"detecting-fraud-in-organizations-isbn-9781118103142","title":"Detecting Fraud in Organizations","description":"\u003cb\u003eA savvy examination of where people and value meet, creating the opportunity for fraud\u003c\/b\u003e  \u003cp\u003eAn essential reference for all business professionals, \u003ci\u003eDetecting Fraud in Organizations: Techniques, Tools, and Resources\u003c\/i\u003e explains the process of how people commit fraud, as well as how to prevent and stop fraud from occurring in your organization. Organized by business processes which succinctly describe how fraud manifests itself on a daily basis, the authors explain ways in which everyone can help guard against fraud by familiarizing themselves with its building blocks and methods used to perpetrate and conceal it. Filled with situational examples the book is accompanied by a website featuring fraud simulations, business process maps, and other useful tools for combating fraud.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFocuses on the people who perpetrate fraud and those who are tasked with preventing and detecting it\u003c\/li\u003e \u003cli\u003eUniquely organized by business processes for more relevance and easier understanding by those people working within organizations\u003c\/li\u003e \u003cli\u003eShows how subtle factors play a large role in identifying and ferreting out fraud in addition to the traditional knowledge of fraud schemes giving people and organizations the edge they need to be successful in prevention and deterrence\u003c\/li\u003e \u003cli\u003eCompanion website includes additional fraud simulations, business process maps, and useful tools\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe price of fraud can be devastating to your business. \u003ci\u003eDetecting Fraud in Organizations: Techniques, Tools, and Resources\u003c\/i\u003e equips you and others in your organization with essential information and tools necessary to proactively catch fraud, reduce losses, improve efficiencies and develop actionable controls.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe 800-Pound Friendly Gorilla 1\u003c\/p\u003e \u003cp\u003eNumbers Don’t Lie, People Do 3\u003c\/p\u003e \u003cp\u003eAn Overview of Fraud 4\u003c\/p\u003e \u003cp\u003eThe One-Minute Fraud Mysteries 8\u003c\/p\u003e \u003cp\u003eA Few Tips for Detecting Fraud As You Begin 13\u003c\/p\u003e \u003cp\u003eSetup 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Understanding Fraud: What is Fraud, and Why Does It Continue to Happen? 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePeople are Greedy—How Greedy are You? 20\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: Trust Us Inc. 21\u003c\/p\u003e \u003cp\u003eDistinguishing among Deterrence, Prevention, and Detection 22\u003c\/p\u003e \u003cp\u003eThe Increased Risk of Fraud Loss 35\u003c\/p\u003e \u003cp\u003eDivergent and Convergent Thinking 36\u003c\/p\u003e \u003cp\u003eCritical Thinking Requires Critical Questions 40\u003c\/p\u003e \u003cp\u003eThe Personality Traits of a Fraudster 45\u003c\/p\u003e \u003cp\u003eThe Moral Compass 48\u003c\/p\u003e \u003cp\u003eThe Elements of Fraud: MIRD 48\u003c\/p\u003e \u003cp\u003eEducation about Fraud 52\u003c\/p\u003e \u003cp\u003eConfusion about Responsibility 55\u003c\/p\u003e \u003cp\u003eComplexity 56\u003c\/p\u003e \u003cp\u003eSummary 60\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Fraud Detection Approaches 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Doesn’t Enhanced Legislative, Regulatory, and Professional Oversight Help to Prevent Fraud? 70\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: Big Fish Investment Inc. 72\u003c\/p\u003e \u003cp\u003ePrinciples and Rules Alone Cannot Eliminate All Fraud 74\u003c\/p\u003e \u003cp\u003eA Real-World Perspective 76\u003c\/p\u003e \u003cp\u003eGetting a Handle on Transactions 79\u003c\/p\u003e \u003cp\u003eThe 10 Forensically Accepted Generally Accepted Accounting Principle Assumptions 81\u003c\/p\u003e \u003cp\u003eSummary 107\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Deciding to Commit Fraud: What is the “Something” That Coerces People to Cross the Line? 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: The House of Worship 122\u003c\/p\u003e \u003cp\u003eDo You Really Know What the People in Your Organization are Thinking? 122\u003c\/p\u003e \u003cp\u003eThe Four Generations and Motivation 128\u003c\/p\u003e \u003cp\u003ePinpointing the Fraudster 133\u003c\/p\u003e \u003cp\u003eThe Three Most Prevalent Types of Fraud 133\u003c\/p\u003e \u003cp\u003eAn Accounting Creed 135\u003c\/p\u003e \u003cp\u003eThe Consequences of Fraud 137\u003c\/p\u003e \u003cp\u003eSummary 149\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 150\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: How to Act Like a Fraudster: To Catch a Fraudster, You Need to Think Like One 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: Catch Me If You Can Inc. 157\u003c\/p\u003e \u003cp\u003eThe Six Ps of Successful Fraudsters 158\u003c\/p\u003e \u003cp\u003eThe Characteristics of a Fraudster 161\u003c\/p\u003e \u003cp\u003eFraudsters and Their Organizations 170\u003c\/p\u003e \u003cp\u003eSummary 177\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: The Dynamics of Business: Everything is Related—from People to Processes to Outside Influences 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: Accrual Inc. 189\u003c\/p\u003e \u003cp\u003eControl-Point Links and Accountability 190\u003c\/p\u003e \u003cp\u003eThe Layers of Trust 191\u003c\/p\u003e \u003cp\u003eResponsibility Chains 193\u003c\/p\u003e \u003cp\u003eA Failure in Management 194\u003c\/p\u003e \u003cp\u003eMore Than the Bottom Line 196\u003c\/p\u003e \u003cp\u003eOutside Influences 199\u003c\/p\u003e \u003cp\u003eOrganizational Failures 203\u003c\/p\u003e \u003cp\u003eUnderstanding Cash Flow 206\u003c\/p\u003e \u003cp\u003eSummary 211\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 212\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Understanding the Accounting Process 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: Sneakers are Us Inc. 223\u003c\/p\u003e \u003cp\u003eUnderstanding the Sale of Goods 224\u003c\/p\u003e \u003cp\u003eDeceptive Data 235\u003c\/p\u003e \u003cp\u003eComputerized Fraud Techniques 237\u003c\/p\u003e \u003cp\u003eOperating Expenses 240\u003c\/p\u003e \u003cp\u003eBalanced Principles 246\u003c\/p\u003e \u003cp\u003eBalance-Sheet Components 252\u003c\/p\u003e \u003cp\u003eStatement of Cash Flow 252\u003c\/p\u003e \u003cp\u003eRatio Analysis 257\u003c\/p\u003e \u003cp\u003eBuilding a Case: Document Organization, Data Analysis, and Lifestyle Analysis 261\u003c\/p\u003e \u003cp\u003eSummary 264\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: It All Comes Down to Cash 271\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery: Yankee Property Management 275\u003c\/p\u003e \u003cp\u003eHandling Cash 276\u003c\/p\u003e \u003cp\u003eCash Disbursement Controls 279\u003c\/p\u003e \u003cp\u003eCash and Fraud 282\u003c\/p\u003e \u003cp\u003eClassifications of Cash and Cash-Equivalent Fraud Schemes and Scenarios 285\u003c\/p\u003e \u003cp\u003eFraud Control Points in the Organizational Process 302\u003c\/p\u003e \u003cp\u003eSummary 303\u003c\/p\u003e \u003cp\u003eOne-Minute Fraud Mystery Analysis 304\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Final Thoughts: Handy Tips and Quick Checklists for Reference 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePOP: Finding the Next Potential-Fraud Kernel in Your Organization 310\u003c\/p\u003e \u003cp\u003eQuick References on the Fundamentals of Fraud 311\u003c\/p\u003e \u003cp\u003eGAAP versus FAGAAPA: A Summary 315\u003c\/p\u003e \u003cp\u003eFive Categories of Fraud 319\u003c\/p\u003e \u003cp\u003eWhy Auditors and Accountants Fail to Detect Fraud 326\u003c\/p\u003e \u003cp\u003eRed Flags for Potential Fraud 327\u003c\/p\u003e \u003cp\u003eUsing the Accruals-to-Assets Ratio 327\u003c\/p\u003e \u003cp\u003eA Simple Fraud Risk Plan 330\u003c\/p\u003e \u003cp\u003eConclusion 333\u003c\/p\u003e \u003cp\u003eAfterword 337\u003c\/p\u003e \u003cp\u003eBibliography 339\u003c\/p\u003e \u003cp\u003eAbout the Author 343\u003c\/p\u003e \u003cp\u003eAbout the Website 345\u003c\/p\u003e \u003cp\u003eIndex 347\u003c\/p\u003e \t \u003cp\u003e\u003cb\u003eJOSEPH R. PETRUCELLI, CPA\/CFF, FCPA, CVA, CFFA, PSA, CFE,\u003c\/b\u003e is a founding partner of PP\u0026amp;D Accounting Services, Inc., and Fraud Forces, Inc., where he provides forensic accounting, tax, and consulting services, including testifying and preparing for trial as a qualified expert. He is also an adjunct professor teaching accounting and taxation-related courses, including advanced forensic accounting. He was part of the development team on the fraud risk management and detection certification curriculum of Consultants' Training Institute (CTI), a division of the National Association of Certified Valuators and Analysts (NACVA). \t   \u003c\/p\u003e\u003cp\u003eThe cost of fraud to an organization goes well beyond dollars and cents. Fraud ruins reputations and lives and brings down even the most successful organizations. Although having a well-designed fraud detection system can significantly reduce the chance of fraud from occurring within your organization, the key to detecting fraud is an understanding of where people and organizational value meet, paving the way for fraud.\u003c\/p\u003e \u003cp\u003eDrawing from the author's thirty years providing fraud training and prevention\/detection services for professionals, \u003ci\u003eDetecting Fraud in Organizations: Techniques, Tools, and Resources\u003c\/i\u003e is designed to get you proactively thinking about fraud from a new perspective. Straightforward, simple, and entertaining in presentation, this unique book focuses on the people in today's organizations and on pinpointing how the value within those organizations is exposed to fraud.\u003c\/p\u003e \u003cp\u003eFeaturing a companion website with additional fraud case studies and business process maps, this practical, hands-on guide explores:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFraud and why it keeps happening\u003c\/li\u003e \u003cli\u003eHow to get a handle on transactions\u003c\/li\u003e \u003cli\u003eWhat happens when someone decides to commit fraud\u003c\/li\u003e \u003cli\u003eThe six Ps of successful fraudsters: passion, philosophy, planning, persistence, patience, and prison\u003c\/li\u003e \u003cli\u003eHow to build a case—document organization, data analysis, and lifestyle analysis\u003c\/li\u003e \u003cli\u003eFraud control points in the organizational process\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with cartoons, pictures, motivational quotes, and one-minute mysteries that creatively help readers to see beyond numbers and instead focus on open, proactive communication with organizational staff, \u003ci\u003eDetecting Fraud in Organizations\u003c\/i\u003e looks at the people in today's organizations and identifies how and where the value within your organization may potentially be exposed to fraud.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eDETECTING FRAUD IN ORGANIZATIONS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTechniques, Tools, and Resources\u003c\/b\u003e \t \u003c\/p\u003e\u003cp\u003eThe cost of fraud to an organization goes well beyond dollars and cents. Fraud ruins reputations and lives and brings down even the most successful organizations. Although having a well-designed fraud detection system can significantly reduce the chance of fraud from occurring within your organization, the key to \u003ci\u003edetecting fraud is an understanding\u003c\/i\u003e of where people and organizational value meet, paving the way for fraud. \t \u003c\/p\u003e\u003cp\u003eDrawing from the author's thirty years providing fraud training and prevention\/detection services for professionals, Detecting Fraud in Organizations: Techniques, Tools, and Resources is designed to get you proactively thinking about fraud from a new perspective. Straightforward, simple, and entertaining in presentation, this unique book focuses on the people in today's organizations and on pinpointing how the value within those organizations is exposed to fraud. \u003c\/p\u003e\u003cp\u003eFeaturing a companion website with additional fraud case studies and business process maps, this practical, hands-on guide explores: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eFraud and why it keeps happening\u003c\/li\u003e \u003cli\u003eHow to get a handle on transactions\u003c\/li\u003e \u003cli\u003eWhat happens when someone decides to commit fraud\u003c\/li\u003e \u003cli\u003eThe six Ps of successful fraudsters: passion, philosophy, planning, persistence, patience, and prison\u003c\/li\u003e \u003cli\u003eHow to build a case—document organization, data analysis, and lifestyle analysis\u003c\/li\u003e \u003cli\u003eFraud control points in the organizational process\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with cartoons, pictures, motivational quotes, and one-minute mysteries that creatively help readers to see beyond numbers and instead focus on open, proactive communication with organizational staff,\u003ci\u003e Detecting Fraud in Organizations\u003c\/i\u003e looks at the people in today's organizations and identifies how and where the value within your organization may potentially be exposed to fraud.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989050867941,"sku":"NP9781118103142","price":94.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118103142.jpg?v=1761782589","url":"https:\/\/k12savings.com\/es\/products\/detecting-fraud-in-organizations-isbn-9781118103142","provider":"K12savings","version":"1.0","type":"link"}