Financial Statement Fraud

Author: Zabihollah Rezaee
Publisher: John Wiley & Sons
ISBN: 0470455705
Format: PDF, ePub, Mobi
Download Now
Practical examples, sample reports, best practices andrecommendations to help you deter, detect, and prevent financialstatement fraud Financial statement fraud (FSF) continues to be a majorchallenge for organizations worldwide. Financial StatementFraud: Prevention and Detection, Second Edition is a superiorreference providing you with an up-to-date understanding offinancial statement fraud, including its deterrence, prevention,and early detection. You will find A clear description of roles and responsibilities of all thoseinvolved in corporate governance and the financial reportingprocess to improve the quality, reliability and transparency offinancial information. Sample reports, examples, and documents that promote areal-world understanding of incentives, opportunities, andrationalizations Emerging corporate governance reforms in the post-SOX era,including provisions of the SOX Act, global regulations and bestpractices, ethical considerations, and corporate governanceprinciples Practical examples and real-world "how did this happen"discussions that provide valuable insight for corporate directorsand executives, auditors, managers, supervisory personnel and otherprofessionals saddled with anti-fraud responsibilities Expert advice from the author of Corporate Governance andEthics and coauthor of the forthcoming Wiley textbook, WhiteCollar Crime, Fraud Examination and Financial Forensics Financial Statement Fraud, Second Edition containsrecommendations from the SEC Advisory Committee to reduce thecomplexity of the financial reporting process and improving thequality of financial reports.

Financial Statement Fraud Casebook

Author: Joseph T. Wells
Publisher: John Wiley & Sons
ISBN: 9781118077061
Format: PDF, Mobi
Download Now
A comprehensive look at financial statement fraud from the experts who actually investigated them This collection of revealing case studies sheds clear insights into the dark corners of financial statement fraud. Includes cases submitted by fraud examiners across industries and throughout the world Fascinating cases hand-picked and edited by Joseph T. Wells, the founder and Chairman of the world's leading anti-fraud organization ? the Association of Certified Fraud Examiners (ACFE) ? and author of Corporate Fraud Handbook Outlines how each fraud was engineered, how it was investigated and how the perpetrators were brought to justice Providing an insider's look at fraud, Financial Statement Fraud Casebook illuminates the combination of timing, teamwork and vision necessary to understand financial statement fraud and prevent it from happening in the first place.

Financial Statement Fraud Motives Methods Cases and Detection

Author: Khánh Nguyen
Publisher: Universal-Publishers
ISBN: 1599423197
Format: PDF, Docs
Download Now
Financial reporting frauds and earnings manipulation have attracted high profile attention recently. There have been several cases by businesses of what appears to be financial statement fraud, which have been undetected by the auditors. In this project, the main purpose is to focus on the nature of financial statement fraud, and fraud schemes regarding to financial statements. The project also discusses common techniques used to detect financial statement frauds. Two cases of the fraudulent financial statements of Enron and WorldCom are analysed.

Financial Statement Fraud

Author: Gerard M. Zack
Publisher: John Wiley & Sons
ISBN: 1118301552
Format: PDF, ePub
Download Now
FINANCIAL STATEMENT FRAUD Strategies for Detection and Investigation Although financial statement fraud is the least frequently encountered fraud, it is by far the most costly, at a median loss of $1 million per case. Yet, the indirect losses from financial statement fraud—jobs, support, morale, and loyalty—are also significant and almost impossible to measure. Learn how to spot the warning signs before the damage is done. Financial Statement Fraud explores the many different methods of perpetrating financial statement fraud, the accounting principles that are exploited, and the methods to detect and prevent fraud in any organization. Assuming an understanding of basic financial statements and the purpose each serves, as well as basic accounting concepts, author Gerard Zack highlights the many different types of fraud schemes. Financial Statement Fraud provides auditors, fraud investigators, government agencies, and investment analysts with detailed descriptions of the most common or emerging schemes involving the preparation and issuance of fraudulent financial statements. Filling the need for practical guidance on financial statement fraud and the roles and responsibilities within companies, Financial Statement Fraud features: References to pertinent U.S. and international accounting standards violated in the preparation of fraudulent financial statements A wide range of detection tools, from the simplest of ratios to complex analyses and tests, as well as fraud indicators A comprehensive, global approach that includes U.S. GAAP and IFRS Red flags and ratios to help you detect financial statement fraud schemes Coverage of auditor liability: when is an auditor liable for failing to detect fraud? Real-world cases that illustrate many of the fraud schemes featured throughout the book A companion website includes copies of SEC Accounting and Auditing Enforcement Releases (AAERs), complaints that were filed, and various other documents associated with most of the cases cited in the book. These documents provide all of the details associated with each case, enabling researchers to perform their own analysis to more fully understand the schemes and relate them to the detection tips provided in the book. Financial statement fraud can cost an organization more than just revenue. Arm yourself with the knowledge to identify where it happens, when to expect it, and how to detect it with the expert guidance found in Financial Statement Fraud.

Financial Statement Fraud Defined

Author: Zabihollah Rezaee
Publisher: John Wiley & Sons
ISBN: 1118076486
Format: PDF
Download Now
"Financial Statement Fraud: Prevention and Detection, Second Edition is a valuable reference guide for fraud examiners, audit committees, management, and regulators; and for one other important cog in this wheel: the investors who stand to lose everything." —Joseph Wells, founder and Chairman, Association of Certified Fraud Examiners Exceptionally well researched and fully revised, Financial Statement Fraud, Second Edition provides thorough coverage of the nature and extent of financial reporting fraud. Authors and accounting experts Zabihollah Rezaee and Richard Riley describe the most successful methods for preventing, detecting, and controlling incidents of financial reporting fraud and offer reliable guidance from standard-setting organizations such as the PCAOB, AICPA, and the SEC. Real-life case studies of companies guilty of such fraud—and a discussion of the consequences—help illustrate important concepts. Thoroughly updated for today's marketplace, Financial Statement Fraud, Second Edition contains sample reports, examples, and documents that promote a realistic understanding of financial statement fraud and the investigation of fraudulent financial reporting allegations centered on the elements of fraud: the act, the concealment, and the conversion or benefit to the perpetrator. Whether you are a manager, board of director, executive, or auditor, the Second Edition updates you on all the important issues regarding financial statement fraud, including: Auditing standards issued by the PCAOB, technological advances, and globalization SOX- and SEC-related implementation rules The movement toward IFRS and IAAS and the use of the XBRL reporting platform The trend toward reducing the complexity of the financial reporting process Corporate governance reforms in the post-SOX era Antifraud policies, practices, and education for all players in the financial reporting process With practical tools and techniques for carrying out antifraud responsibilities, Financial Statement Fraud, Second Edition is the only resource you will need to identify early warning signs of financial misconduct and a reliable, practical guide to preventing it.

Fraud in Financial Statements

Author: Julie E. Margret
Publisher: Routledge
ISBN: 131780435X
Format: PDF
Download Now
As the monetary cost of fraud escalates globally, and the ensuing confidence in financial markets deteriorates, the international demand for quality in financial statements intensifies. But what constitutes quality in financial statements? This book examines financial statement fraud, a topical and increasingly challenging area for financial accounting, business, and the law. Evidence shows that accounting anomalies in an organization’s financial statements diminish the quality and serviceability of financial information. However, an anomaly does not necessarily signal fraud. Financial statement fraud is intended to mislead shareholders and other stakeholders. In this book, elements that underpin diversity of accounting anomalies likely found in fraudulent financial accounting statements are revealed. Multiple research methods are used in the analysis of selected international fraud cases, each illustrating examples of financial statement fraud, including: revenue recognition, overstatement and/or misappropriation of assets, understatement of expenses and liabilities, disclosure fraud, bribery and corruption. Additionally, the phoenix phenomenon with regard to fraud in financial accounting is investigated. Drawing on documented observations of commercial and legal cases globally this study highlights the necessity for continued development of financial audit practices and other audit services.

Financial Statement Fraud Prevention and Detection

Author: CTI Reviews
Publisher: Cram101 Textbook Reviews
ISBN: 1467299057
Format: PDF, Mobi
Download Now
Facts101 is your complete guide to Financial Statement Fraud, Prevention and Detection. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

Financial Statement Fraud

Author: Daniel Calvinson-Ashley
Publisher:
ISBN: 9781537601908
Format: PDF
Download Now
The International Institute of Certified Forensic Accountants, Inc (USA)'s Certified Global Forensic Accountant, CGFA Designation is a series of evaluation exams, designed for the development of Professional Forensic Accountants. Endorsed by leading university programs and industry firms.Built by a broad coalition of industry leaders to reflect the mission and objectives of the IICFA and to establish the leading form of education, accreditation and certification in the Forensic Accounting profession, the CGFA count candidates from over 100 countries.Financial Statement Fraud | Exam Prep Course Content:SESSION 1: REVENUE BASED FRAUDULENT SCHEMESIntroduction to Revenue-Based Financial Reporting Fraud Schemes Timing SchemesFictitious and Inflated RevenueMisclassification SchemesGross-Up Schemes SESSION 2: ASSETS BASED FRAUDULENT SCHEMESImproper Capitalization of Cost Assets Valuation SchemesFair Value Accounting SESSION 3: EXPENSE AND LIABILITY SCHEMESShifting Expenses to Future Periods Omissions and Underreporting of LiabilitiesSESSION 4: OTHER FINANCIAL REPORTING SCHEMSConsolidations and Business Combinations Financial Reporting Fraud as a Concealment Tool Financial Statement Fraud by Not-For-Profit OrganizationsDisclosure FraudSESSION 5: DETECTION AND INVESTIGATION Detecting Financial Statement FraudFinancial Statement Analysis Ratio AnalysisOther Detection ProceduresFraud or Honest MistakeAssessing (Minimizing) Auditor Liability