{"product_id":"fraud-101-isbn-9780470481967","title":"Fraud 101","description":"\u003cp\u003eA straightforward guide explaining the nature of financial fraud\u003c\/p\u003e \u003cp\u003eFraud continues to be one of the fastest growing and most costly crimes in the United States and around the world. The more an organization can learn about fraud in general and the potential fraud risks that threaten the financial stability of the organization's cash flow, the better that organization will be equipped to design and implement measures to prevent schemes from occurring in the first place.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFraud 101, Third Edition\u003c\/i\u003e serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, auditor or college student who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better understand the inner workings of numerous financial schemes and internal controls to increase your awareness and possibly prevent fraud from destroying your organization's financial stability.\u003c\/p\u003e \u003cp\u003eIt offers guidance, understanding, and new, real-world case studies on the major types of fraud, including\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eAn understanding of why fraud is committed\u003c\/li\u003e \u003cli\u003eAn overview of financial fraud schemes\u003c\/li\u003e \u003cli\u003eWhite-collar crime\u003c\/li\u003e \u003cli\u003eUncovering employee embezzlements\u003c\/li\u003e \u003cli\u003eEstablishing internal fraud controls\u003c\/li\u003e \u003cli\u003eThe nature of collecting evidence\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith case studies included throughout the book to gain insight to the real world of fraud, \u003ci\u003eFraud 101, Third Edition\u003c\/i\u003e describes the features of fraud and then provides proven methods of prevention, as well as solutions to expose different types of fraud.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eIntroduction xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The World of Fraud 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of Fraud 1\u003c\/p\u003e \u003cp\u003eThe Many Types of Fraud 2\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Why Is Fraud Committed? 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Rationalizing Society 20\u003c\/p\u003e \u003cp\u003eFinancial Statement Fraud 22\u003c\/p\u003e \u003cp\u003eFinancial Fraud Comes in Different Shapes and Sizes 23\u003c\/p\u003e \u003cp\u003eMotivators Differ by Type of Business 25\u003c\/p\u003e \u003cp\u003eEmployee Schemes 27\u003c\/p\u003e \u003cp\u003eIn the End 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Financial Statement Fraud Schemes 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere Do Things Go Wrong? 34\u003c\/p\u003e \u003cp\u003eTrend Analysis 42\u003c\/p\u003e \u003cp\u003eBeyond Traditional Audits 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Employee Embezzlements 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Fraud Triangle 55\u003c\/p\u003e \u003cp\u003eAreas for Concern 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Other Fraud Schemes 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDuplicate Payment Fraud 71\u003c\/p\u003e \u003cp\u003eMultiple Payee Fraud 72\u003c\/p\u003e \u003cp\u003eShell Fraud 73\u003c\/p\u003e \u003cp\u003eDefective Delivery Fraud 77\u003c\/p\u003e \u003cp\u003eDefective Receipt Fraud 88\u003c\/p\u003e \u003cp\u003eDefective Shipment Fraud 89\u003c\/p\u003e \u003cp\u003eDefective Pricing Fraud 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Contract Rigging Schemes 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStage One: Obtaining the Contract 97\u003c\/p\u003e \u003cp\u003eStage Two: Contract Change Orders 102\u003c\/p\u003e \u003cp\u003eUnbalanced Bidding 114\u003c\/p\u003e \u003cp\u003eDetection Recommendations 118\u003c\/p\u003e \u003cp\u003eRotation Fraud 119\u003c\/p\u003e \u003cp\u003eWhere Do We Go from Here? 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Responses to Fraud 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGovernment’s Response to Fraud 124\u003c\/p\u003e \u003cp\u003eAccounting Profession’s Response to Fraud 129\u003c\/p\u003e \u003cp\u003eInternal Audit Profession’s Response to Fraud 133\u003c\/p\u003e \u003cp\u003eNew Credentials, More Training, Better Awareness 134\u003c\/p\u003e \u003cp\u003eArticles, Books, and More Resources 136\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Importance of Internal Controls and Internal Audit 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Have Internal Controls? 144\u003c\/p\u003e \u003cp\u003eDéjà Vu 148\u003c\/p\u003e \u003cp\u003eGood Internal Controls 150\u003c\/p\u003e \u003cp\u003eInternal Audit 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Evidence 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Evidence? 160\u003c\/p\u003e \u003cp\u003eDocumentation 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Conducting Fraud Investigations: A Practical Approach 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProactive Fraud Investigations 171\u003c\/p\u003e \u003cp\u003eDiscovery Investigations 172\u003c\/p\u003e \u003cp\u003eSupportive Investigations 175\u003c\/p\u003e \u003cp\u003eStrategy 178\u003c\/p\u003e \u003cp\u003ePredication 180\u003c\/p\u003e \u003cp\u003eThe Investigative Plan 181\u003c\/p\u003e \u003cp\u003eConducting the Procedures 183\u003c\/p\u003e \u003cp\u003eFindings 186\u003c\/p\u003e \u003cp\u003eUse of the Findings 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Fraud Investigation Alternatives 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessing the Feasibility of a Full Investigation 189\u003c\/p\u003e \u003cp\u003eMonitoring Operational Areas at Risk of Fraud 197\u003c\/p\u003e \u003cp\u003eRevamping Internal Controls: Closing the Barn Door 200\u003c\/p\u003e \u003cp\u003eDoing Nothing? 203\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A Vending 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLessons Learned 213\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Living a Façade 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrevention Techniques 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Disappearing Inventory 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternal Controls 230\u003c\/p\u003e \u003cp\u003eIndex 231\u003c\/p\u003e \u003cb\u003eStephen Pedneault, CPA, CFF, CFE,\u003c\/b\u003e is the founder and Principal of Forensic Accounting Services LLC, a CPA firm located in Glastonbury, Connecticut, specializing in forensic accounting, employee fraud, and litigation support matters. Steve is also the author of the forthcoming Wiley title, Anatomy of a Fraud Investigation. He has written numerous articles appearing in local and national media and is a contributor to Fraud Casebook: Lessons from the Bad Side of Business (Wiley). For more information about Stephen Pedneault, go to www.forensicaccountingservices.com.  If an employee brings home some office supplies for their kids to use with their school projects, is that fraud? How about when an employee charges personal items on the company's credit cards, receives vendor kickbacks, or inflates travel expenses? Instances of fraud occur every day and either go undetected, or are not deemed newsworthy enough to bring any attention to the matter. In fact, instances like these may be occurring right now in your organization—how will you know what to look for? And how can you stop it from taking place again?  \u003cp\u003eNow fully revised, \u003ci\u003eFraud 101, Third Edition\u003c\/i\u003e explains fraud in a practical, easily understood manner, serving as an enlightening tool for you, whether you are a business owner or manager, an accountant, or an auditor. A valuable introduction for dealing with fraud—from preventing and detecting it to investigating it, \u003ci\u003eFraud 101, Third Edition\u003c\/i\u003e provides insightful advice on the inner workings of numerous financial schemes and the internal controls that will increase your awareness and possibly prevent fraud from destroying your organization's financial stability.\u003c\/p\u003e \u003cp\u003eOffering guidance, understanding and new, real-world case studies on the major types of fraud, this new edition explores:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eWhy fraud is committed\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAn overview of financial fraud schemes\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eWhite-collar crime\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eEmployee embezzlements\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eInternal fraud controls\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe nature of collecting evidence\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eInvestigative issues, including alternatives for resolving fraud-related matters\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHow to perform an effective investigation\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eSample investigation procedures for the major fraud categories\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eRegardless of why an individual perpetrates a fraud, the end result is usually the same: a substantial financial loss to the organization, often involving a significant amount of money that may never be recovered. \u003ci\u003eFraud 101, Third Edition\u003c\/i\u003e will show you how fraud schemes are perpetrated, detected, and investigated, with practical advice on how to notice and prevent fraudulent activity, minimizing the loss experienced by your organization.\u003c\/p\u003e \u003cp\u003eHighly readable and accessible, this timely book provides you with the methods and tips you need to readily recognize and investigate financial fraud and combat fraud in your organization.\u003c\/p\u003e  \u003cb\u003ePraise for Fraud 101 Third Edition\u003c\/b\u003e  \u003cp\u003e\"With this new edition of Fraud 101, I am amazed at how much information Stephen delivers in such a concise and succinct manner. His descriptions are detailed, but easy to understand, and the case examples really help illustrate the schemes. This is an excellent reference book for anyone in the fraud prevention field, whether they are a seasoned veteran or just starting out.\"\u003cbr\u003e —John D. Gill, JD, CFE Research Director, Association of Certified Fraud Examiners\u003c\/p\u003e \u003cp\u003e\"Awesome! Sit at the head of the class—read Fraud 101 and get an A+ in understanding fraud. This book takes the reader from the classroom to the real world with its insightful case studies and practical techniques. A must-read for accountants, other professionals, business owners, and students of fraud.\"\u003cbr\u003e —Thomas Scanlon, CPA, CFP®President, Borgida \u0026amp; Company, PC, CPAs\u003c\/p\u003e \u003cp\u003e\"The author clearly demonstrates his mastery of the subject matter in this well-written, easy-to-read, comprehensive guide to understanding fraud. The case studies provide insight into the definition of fraud, the different types of fraud, the perpetrator's rationale and a practical approach to investigation and prevention. The ever evolving nature of this relevant subject matter makes this book a must-read for anyone interested in learning about fraud and its wide-reaching effects.\"\u003cbr\u003e —Jeffrey Rossi, CPA, CVA, CFEPartner, J.H. Cohn, LLP\u003c\/p\u003e \u003cp\u003e\"This book is very readable and loaded with examples from the author's rich experience in forensic accounting services. The discussions of the types of fraud and the pitfalls to watch for were very practical guidance for accountants and business people in general.\"\u003cbr\u003e —Lawrence J. Gramling, PhD, CPA Assistant Department Head, Department of Accounting, University of Connecticut\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRoot out fraud before it happens with the hands-on approach found in Fraud 101, Third Edition\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe more your organization can learn about fraud and the potential risks that can threaten its financial stability, the better you will be equipped to prevent schemes from occurring in the first place. The only primer you need to fully understand financial fraud, \u003ci\u003eFraud 101, Third Edition\u003c\/i\u003e expertly arms you with the tools to eliminate future frauds and reduce fraud losses.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989242233061,"sku":"NP9780470481967","price":73.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470481967.jpg?v=1761783345","url":"https:\/\/k12savings.com\/es\/products\/fraud-101-isbn-9780470481967","provider":"K12savings","version":"1.0","type":"link"}