Fair Value Accounting Fraud: New Global Risks and Detection Techniques

By Gerard M. Zack, CFE, CPA

This book’s author is a CFE

This book's author is a CFE.

Cover of the book Fair Value Accounting Fraud
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 will 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

This book's author is a CFE.
Label Value
ISBN 978-0-470-47858-5
Publisher John Wiley & Sons
Published Copyright 2009
Pages 250
Format Hardcover

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

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