The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems

  The Fraud Audit

By Leonard W. Vona, CFE, CPA 




Offering the guidance, strategy, and tools you need to respond to the very real, ongoing risk of fraud, The Fraud Audit presents a proactive, preventive response to fraud. Revealing how to keep fraud at bay through the Awareness Theory Methodology (ATM)—a vigorous fraud audit framework that will help you and your staff understand the how, why, and where of fraud—this book helps you identify fraudulent transactions that warrant an investigation.

Author Leonard Vona draws on his extensive experience as a financial investigation expert to provide invaluable insight on recognizing fraud scenario potentials from among the millions of transactions in your business's systems. Whether you are an accountant, auditor, or a fraud examiner, this timely book explains how to gather information in identifying fraud risks, assessing those risks, and responding aggressively to them.

With an emphasis on fraud occurring within your business's core systems—including procurement, disbursement, payroll, financial statement reporting, inventories, program management, and journal entries—The Fraud Audit explores:


The fraud paradigm

Fraud audit standards

Fraud risk structure

Brainstorming—why it works impressively in fraud risk detection

Building your fraud audit program

The art and science of data mining for fraud

Document analysis—the red flags to watch out for

Conveying the impact of potential fraud to management

Anticipate fraud before it shows up


Straightforward with easy-to-implement guidance, The Fraud Audit provides the sound business advice you need for a problem that's here to stay.


Product Details:
Copyright 2011
ISBN 978-0-470-64726-4
Hardcover, 379 pages
John Wiley & Sons Publishing

Table of Contents:


Chapter 1: What Is a Fraud Audit?

Chapter 2: Professional Standards

Chapter 3: Fraud Scenarios

Chapter 4: Brainstorming: The Implementation of Professional Standards

Chapter 5: Assessment of Fraud Likelihood

Chapter 6: Building the Fraud Audit Program

Chapter 7: Data Mining for Fraud

Chapter 8: Fraud Audit Procedures

Chapter 9: Document Analysis

Chapter 10: Disbursement Fraud

Chapter 11: Procurement Fraud

Chapter 12: Payroll Fraud

Chapter 13: Revenue Misstatement

Chapter 14: Inventory Fraud

Chapter 15: Journal Entry Fraud

Chapter 16: Program Management Fraud

Chapter 17: Quantifying Fraud