Fair Value Accounting Fraud: New Global Risks and Detection Techniques



Fair Value accounting is emerging as the next prime opportunity for financial statement fraud. Explaining the many complex applications of fair value accounting in the preparation of financial statements, "Fair Value Accounting Fraud" offers timely guidance on an up-and-coming issue as U.S. and international accounting rules pertaining to the use of fair value accounting continue to change. 

You'll Find Discussion of: 


  • U.S. GAAP and IFRS rules on fair value accounting issues, highlighting the areas most vulnerable to fraud
  • Explanations of 75 categories of fair value accounting fraud schemes
  • Fraud risk checklist that you can put to immediate use
  • Practical detection techniques useful for auditors, investigators and others who rely on financial statements
  • Expert advice from Gerard Zack, CFE, CPA, author of "Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection" 


Comparing U.S. accounting standards to International Financial Reporting Standards-thereby making this book useful worldwide- "Fair Value Accounting Fraud" helps you understand the new rules and develop new auditing and investigative techniques to enable you to detect potential fraud.

Product Details

ISBN 978-0-470-47858-5
Hardcover, 250 PAGES

Table of Contents:

  • Chapter 1: Overview of Financial Statement Fraud and Fair Value Accounting
  • Chapter 2: The Use of Fair Value in Financial Statements
  • Chapter 3: Methods of Determining Fair Value
  • Chapter 4: Investments in Debt and Publicly Traded Equity Securities
  • Chapter 5: Ownership Interests in Nonpublic Entities
  • Chapter 6: Loans and Receivables
  • Chapter 7: Intangible Assets and Goodwill
  • Chapter 8: Business Combinations
  • Chapter 9: Asset Impairments
  • Chapter 10: Property and Equipment (Including Investment Properties)
  • Chapter 11: Debt Obligations
  • Chapter 12: Deferred Revenue
  • Chapter 13: Asset Retirement Obligations
  • Chapter 14: Guarantees
  • Chapter 15: Derivatives and Hedging
  • Chapter 16: Assets or Liabilities of Sponsors of Employee Benefit Plans
  • Chapter 17: Contingencies and Provisions
  • Chapter 18: Share-Based Transactions
  • Chapter 19: Nonmonetary Transactions
  • Chapter 20: Special Fair Value Issues of Not-for-Profit Organizations
  • Chapter 21: Fair Value Disclosure Issues
  • Chapter 22: A Framework for Detecting Fair Value Accounting Fraud
  • Chapter 23: Use of Ratios and Other Analytical Procedures
  • Appendix A: Summary Checklist of Fair Value Accounting Fraud Risks
  • Appendix B: SEC Office of the Chief Accountant and FASB Staff Clairifications on Fair Value Accounting
  • Appendix C: Internal Controls over Fair Value Accounting Applications