Fraud 101: Techniques and Strategies for Understanding Fraud



Fraud continues to be one of the fastest growing and most costly crimes in the United States and around the world. The more an organization can learn about fraud in general and the potential fraud risks that threaten the financial stability of the organization's cash flow, the better that organization will be equipped to design and implement measures to prevent schemes from occurring in the first place.

"Fraud 101, Third Edition" serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, or auditor who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better understand the inner workings of numerous financial schemes and internal controls to increase your awareness and possibly prevent fraud from destroying your organization's financial stability. It offers guidance, understanding, and new, real-world case studies on the major types of fraud, including:


  • An understanding of why fraud is committed
  • An overview of financial fraud schemes
  • White-collar crime
  • Uncovering employee embezzlement
  • Establishing internal fraud controls
  • The nature of collecting evidence

Product Details

ISBN 978-0-470-48196-7
Hardcover, 234 PAGES

Table of Contents:

  • Chapter 1: The World of Fraud
  • Chapter 2: Why Is Fraud Committed?
  • Chapter 3: Financial Statement Fraud Schemes
  • Chapter 4: Employee Embezzlements
  • Chapter 5: Other Fraud Schemes
  • Chapter 6: Contract Rigging Schemes
  • Chapter 7: Responses to Fraud
  • Chapter 8: The Importance of Internal Controls and Internal Audit
  • Chapter 9: Evidence
  • Chapter 10: Conducting Fraud Investigations: A Practical Approach
  • Chapter 11: Fraud Investigation Alternatives
  • Appendix A: Vending Lessons Learned
  • Appendix B: Living a Facade Prevention Techniques
  • Appendix C: Disappearing Inventory