BY GERARD ZACK, CFE, CPA, CIA FOREWORD BY DR. JOSEPH T. WELLS, CFE, CPA
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:
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