Accountants and auditors are responsible for detecting and deterring fraud by evaluating accounting systems for weaknesses, designing and monitoring internal controls, determining the degree of organizational fraud risk, interpreting financial data for unusual trends, and following up on fraud indicators.
Articles and Other Resources
Tax Preparers Gone Wild
The Stories Numbers Tell: How One Woman Stole $53 Million Over 20 Years
Do Numbers Lie?: Cooking the Books or Keeping Them on Simmer
Inventory Inflation Schemes Come in Many Flavors
Accounting Malpractice and the Auditor’s Responsibility to Detect Fraud
When do Non-GAAP Metrics Become Fraudulent Publicity?
Numbers Manipulator Describes Enron's Descent
Won't Get Fooled Again, but They'll Try
Cynthia Fornelli, executive director of the Center for Audit Quality, outlines the crucial aspects of a highly effective audit committee.
Auditing for Internal Fraud
Financial Statement Fraud
Detecting Fraud Through Vendor Audits
Books and Manuals
Accounting Best Practices, Seventh Edition
Fair Value Accounting Fraud: New Global Risks and Detection Techniques
Fraud Risk Assessment: Building a Fraud Audit Program
The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems
Auditing for Vendor Fraud
Cooking the Books: What Every Accountant Should Know About Fraud
Corporate Con: Internal Fraud and the Auditor
How to Detect and Prevent Financial Statement Fraud