Financial Statement Fraud: Strategies for Detection and Investigation

Description

Research shows that financial statement fraud is the least frequently encountered fraud, but by far the most costly, resulting in a median loss of $1 million per case. Yet, the indirect losses from financial statement fraud – jobs, support, morale and loyalty – are also significant and almost impossible to measure. Learn how to spot the warning signs before the damage is done. This book explores the many different methods of perpetrating financial statement fraud, the accounting principles that are exploited, and the methods to detect and prevent fraud in any organization.
 

Financial Statement Fraud: 
 

• Describes major and emerging type of financial statement frauds, using real-life cases to illustrate the schemes
• Explains the underlying accounting principles, citing both U.S. GAAP and IFRS that are violated when fraud is perpetrated
• Provides numerous ratios, red flags and other techniques useful in detecting financial statement fraud schemes
• Includes an accompanying website that provides full-text copies of documents filed in connection with the cases that are cited as examples in the book, allowing the reader to explore details of each case further

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