Corporate Fraud Handbook: Prevention and Detection Strategies

Fraud continues to be a serious problem for businesses and government agencies, and can manifest in myriad ways. It is much more cost-effective to prevent fraud than to punish it. The Corporate Fraud Handbook details the many forms of fraud to help you identify red flags and prevent fraud before it occurs. This book walks you through detection, prevention, and aftermath to help you shore up your defenses and effectively manage fraud risk.

Understanding the Mind of a Fraudster

Delve into the mind of a fraudster to beat them at their own game. Understanding why employees engage in this behavior is key to creating ways to prevent it. Wells also provides an overview of the complex social factors that go into creating an occupational offender, exploring why people do things and for what reasons.

Key Areas of Occupational Fraud and Abuse

In the Corporate Fraud Handbook, Fifth Edition, Wells explores the three main categories of occupational fraud and abuse - asset misappropriation, corruption and fraudulent statements.

• Asset Misappropriation: Theft or misuse of company assets.
• Corruption: Bribery, conflicts of interest, and extortion.
• Fraudulent Statements: Intentional misrepresentation of financial information.

Benefits of Using the Handbook

Written by the founder and chairman of the Association of Certified Fraud Examiners (ACFE), this book provides indispensable guidance for auditors, examiners, managers, and criminal investigators: from asset misappropriation, to corruption, to financial statement fraud, the most common schemes are dissected to show you where to look and what to look for.

Here's how this handbook can benefit your organization:

• Understand the most common fraud schemes and identify red flags
• Learn from illustrative case studies submitted by anti-fraud professionals
• Ensure compliance with Sarbanes-Oxley and other regulations
• Develop and implement effective anti-fraud measures at multiple levels

Fraud can be committed by anyone at any level employees, managers, owners, and executives and no organization is immune. Anti-fraud regulations are continually evolving, but the magnitude of fraud's impact has yet to be fully realized.

Practical Guidance for Anti-Fraud Measures

This systematic examination into the mind of a fraudster is backed by practical guidance for before, during, and after fraud has been committed; you'll learn how to stop various schemes in their tracks, where to find evidence, and how to quantify financial losses after the fact.

Anti-fraud regulations are continually evolving, but the magnitude of fraud's impact has yet to be fully realized. This new fifth edition includes the all-new statistics from the ACFE 2016 Report to the Nations on Occupational Fraud and Abuse, providing a current look at the impact of and trends in fraud. Real-world case studies submitted to the ACFE by actual fraud examiners show how different scenarios play out in practice, to help you build an effective anti-fraud program within your own organization.

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