Anti–Fraud Risk and Control Workbook

Proven guidance for fraud detection and prevention in a practical workbook format
An excellent primer for developing and implementing an anti–fraud program, Anti–Fraud Risk and Control Workbook engages readers in an absorbing self–paced learning experience to develop familiarity with the practical aspects of fraud detection and prevention.
Whether you are an internal or external auditor, accountant, senior financial executive, accounts payable professional, credit manager, or financial services manager, this invaluable resource provides you with timely discussion on:
Why no organization is immune to fraud
The human element of fraud
Internal fraud at employee and management levels
Conducting a successful fraud risk assessment
Basic fraud detection tools and techniques
Advanced fraud detection tools and techniques
Written by a recognized expert in the field of fraud detection and prevention, this effective workbook is filled with interactive exercises, case studies, and chapter quizzes and shares industry–tested methods for detecting, preventing, and reporting fraud.
Discover how to become more effective in protecting your organization against financial fraud with the essential techniques and tools in Anti–Fraud Risk and Control Workbook.

Spis treści:
Preface.
A Short History of Fraud.
About This Book.
About White–Collar Crime 101 LLC.
Acknowledgments.
Chapter 1: Why No Organization Is Immune to Fraud.
What is Fraud?
Myths and Realities about Fraud.
Myth #1: Ethics and Compliance Training “Has Us Covered”.
Myth #2: Our Finance Staff Are Qualified to Protect Us Against Fraud.
Myth #3: We Have Very Little Fraud Here.
Myth #4: Fraud Is a Necessary Cost of Doing Business.
Myth #5: Implementing Controls and Training Is Costly.
The Urgency of Detecting and Preventing Fraud.
Tone at the Top.
Review Points.
Chapter Quiz.
Chapter 2: The Human Element of Fraud.
Who Commits Internal Fraud?
The Fraud Personality: Soft Indicators.
The Fraud Personality: Hard Indicators.
Why People Steal.
The Fraud Triangle.
Case Study #1: Pain, Pills, and Petty Cash.
Other Fraud Triangle Factors.
A Triangle or a Diamond?
The “Trust Factor”.
Case Study #2: The Trusted Thief.
People: The Key to Detection and Prevention.
Case Study #3: Demise By Personal Debt.
Review Points.
Chapter Quiz.
Chapter 3: Internal Fraud: Employee Level.
How Big of a Problem is Internal Fraud?
Overview of Employee–Level Fraud.
Embezzlement.
Accounts Payable (A/P) Fraud.
Case Study #4: Shell Game in the Big Apple.
Case Study #5: Healthcare Fraud.
Accounts Receivable Fraud.
Case Study #6: Robbing Peter to Pay Paul.
Kickback Schemes.
Case Study #7: Kickbacks Fly When Controls Are Weak.
Inventory/Supply Schemes.
Check Fraud and Tampering.
Travel & Entertainment (T&E) Fraud.
Case Study #8: Wining and Dining on Customer Dollars.
Payroll Schemes.
Case Study #9: The New Employee.
Theft of Confidential Information.
Case Study #10: Information is as Good as Gold.
Insider Abuse of Computer Systems.
Case Study #11: But She Was Such a Nice Lady!
Red Flags of Employee–Level Fraud.
Preventing Employee–Level Fraud.
Accounts Payable Fraud Prevention Checklist.
Specific Employee–Level AP Fraud Controls Checklist.
P–Card Fraud Prevention Checklist.
Accounts Receivable Fraud Prevention Checklist
Kickback Scheme Prevention Checklist
Inventory Theft and Fraud Prevention Checklist.
Check Fraud Prevention Checklist.
ACH Fraud Prevention Checklist.
T&E Fraud Prevention Checklist.
Payroll Fraud Prevention Checklist.
Confidential Information Theft Prevention Checklist.
Review Po ints.
Appendix: Vendor Profile Form.
Chapter Quiz.
Chapter 4: Internal Fraud: Management Level.
T&E Fraud and Abuse.
Bribery.
The Greatest Corruption Story of All Time.
Conflicts of Interest.
Case Study #12: Brenda Belton′s Conflict of Interest Scheme
Misuse of Organization–Owned Assets.
Fraudulent Financial Reporting.
Case Study #13: The Great Buca Restaurant Fraud.
Red Flags of Management–Level Fraud.
Preventing Management–Level Fraud.
1. Anti–Embezzlement Controls.
2. Bribery and Kickback Schemes.
3. Abuse of Organization–Owned Assets.
4. Conflicts of Interest.
5. Financial Statement Fraud.
Review Points.
Chapter Quiz.
Chapter 5: External Fraud: Protecting Against Dishonest Outsiders.
Types of External Fraud.
Vendor and Billing Fraud.
Social Engineering and Pretexting.
Case Study #14: “The ′Phoner Toner′ Scam”.
Case Study #15: “The Frito Fraud”.
Bank Employee Collusion with Outsiders.
Customer–Perpetrated Fraud.
Theft of Confidential Information.
The “SCAM” Model.
Red Flags of External Fraud.
Preventing External Fraud.
Review Points.
Chapter Quiz.
Chapter 6: Conducting a Successful Fraud Risk Assessment.
Procedures for Conducting a Fraud Risk Assessment.
Step 1: Create a FRA team.
Step 2: Identify the organization′s “universe” of potential risks.
Step 3: Analyze the likelihood of each scheme or scenario occurring.
Step 4: Assess the materiality of risk.
Step 5: Assess risks within the context of existing anti–fraud controls.
The Roles of the Board and Management in Fraud Risk Assessments∗
Review Points.
Chapter Quiz.
Chapter 7: Basic Fraud Detection Tools and Techniques.
Basic Fraud Detection.
Case Study #16: I′m the Boss and I Can Use Any “VendorsR 21; I Want.
Review Points.
Chapter Quiz.
Chapter 8: Advanced Fraud Detection Tools and Techniques.
Internal Audit and the Audit Plan.
Essentials of Fraud Auditing.
Auditing for Fraud in Accounts Payable.
Auditing for Payroll Fraud.
Essentials of Automated Auditing.
Review Points.
Chapter Quiz.
Appendix A: Answers to Chapter Quizzes.
Appendix B: Answer Key for Case Studies.
Notes.
Glossary.
About the Author.
Index.

Nota biograficzna:
Peter D. Goldmann is founder and President of White–Collar Crime 101 LLC, the parent company of FraudAware and publisher of the monthly newsletter, White–Collar Crime Fighter. He has been the Publisher and Editor of White–Collar Crime Fighter for over twelve years and is recognized as a leading expert in the areas of fraud detection, prevention, investigation, and training. He has written numerous articles on practical approaches to fraud prevention and detection.

Okładka tylna:
Proven guidance for fraud detection and prevention in a practical workbook format
An excellent primer for developing and implementing an anti–fraud program, Anti–Fraud Risk and Control Workbook engages readers in an absorbing self–paced learning experience to develop familiarity with the practical aspects of fraud detection and prevention.
Whether you are an internal or external auditor, accountant, senior financial executive, accounts payable professional, credit manager, or financial services manager, this invaluable resource provides you with timely discussion on:
Why no organization is immune to fraud
The human element of fraud
Internal fraud at employee and management levels
Conducting a successful fraud risk assessment
Basic fraud detection tools and techniques
Advanced fraud detection tools and techni