9781118585627

Using Analytics to Detect Possible Fraud Tools and Techniques

by
  • ISBN13:

    9781118585627

  • ISBN10:

    1118585623

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 8/5/2013
  • Publisher: Wiley
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Supplemental Materials

What is included with this book?

  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

Summary

Detailed tools and techniques for developing efficiency and effectiveness in forensic accounting

Using Analytics to Detect Possible Fraud: Tools and Techniques is a practical overview of the first stage of forensic accounting, providing a common source of analytical techniques used for both efficiency and effectiveness in forensic accounting investigations. The book is written clearly so that those who do not have advanced mathematical skills will be able to understand the analytical tests and use the tests in a forensic accounting setting. It alsoincludes case studies and visual techniques providing practical application of the analytical tests discussed.

  • Shows how to develop both efficiency and effectiveness in forensic accounting
  • Provides information in such a way that non-practitioners can easily understand
  • Written in plain language: advanced mathematical skills are not required
  • Features actual case studies using analytical tests

Essential reading for every investor who wants to prevent financial fraud, Using Analytics to Detect Possible Fraud allows practitioners to focus on areas that require further investigative techniques and to unearth deceptive financial reporting before it's too late.

Author Biography

PAMELA S. MANTONE, CPA, CFF, CITP, CGMA, CFE, FCPA, is a Senior Assurance Manager at Joseph Decosimo & Company, PLLC, practicing in the areas of audit and attestation with a focus on forensic accounting, fraud examination and audits of financial institutions, nonprofit organizations, publicly traded companies and governments. She provides forensic accounting services, with an emphasis on embezzlement and fraudulent financial information for multiple organizations, as well as consulting services regarding the implementation of fraud prevention and fraud protection internal control systems.

Table of Contents

Preface

Acknowledgments

Chapter 1 An Overview of the Companies

The Four Companies

Company 1

Company 2

Company 3

Company 4

In Summary

Chapter 2 The “Norm” and the “Forensic” Preliminary Analytics
The Basics Everyone Should Know

Liquidity Ratios

Working Capital

Working Capital Index

Working Capital Turnover

Current Ratio

Case Studies – Liquidity Ratios

Profitability Ratios

Gross Profit

Gross Profit Margin

Stock Sales

Return on Equity

Case Studies – Profitability Ratios

Company 1

Horizontal Analysis

Company 1

Company 2

Company 3

Company 4

Vertical Analysis

Company 1

Company 2

Company 3

Company 4

In Summary

Chapter 3 The Importance of Cash Flows and Cash Flow Statements

Cash Flows and Net Income

Company 1

Company 2

Company 3

Company 4

Other Cash Flow Techniques

Company 1

Company 2

Company 3

Company 4

In Summary

Chapter 4 The Beneish M-Score Model

Company 1

Company 2

Company 3

The Indices of the Primary Government

The Indices of the Governmental Funds

Company 4

In Summary

Chapter 5 The Accruals

The Dechow-Dichev Accrual Quality

The Four Companies - Dechow-Dichev Model

Sloan’s Accruals

The Four Companies - Sloan’s Model

Jones Nondiscretionary Accruals

The Four Companies - Jones Model

In Summary

Chapter 6 Analysis Techniques Using Historical Financial Statements and Other Company Information

The Piotroski F-Score Model

Company 1

Company 2

Company 3

Company 4

Lev-Thiagarajan’s 12 Signals

Company 1

Company 2

Company 3

Company 4

In Summary

Chapter 7 Benford’s Law and Yes - Even Statistics

Benford’s Law

Company 1

Company 2

Company 3

Company 4

Basic Simple Statistics

Company 1

Company 2

Company 3

Company 4

In Summary

Chapter 8 Grading the Four Companies

Company 1

Company 2

Company 3

Company 4

In Summary

Bibliography

About the Author

Index

Rewards Program

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