Corporate Fraud and Internal Control Workbook A Framework for Prevention

by Cascarino, Richard E.

• ISBN13: 9781118317105
• ISBN10: 1118317106
• Edition: 1st
• Format: Paperback
• Copyright: 2012-12-10
• Publisher: Wiley

Summary

Following the spate of high level organizational fraud cases which have been sensationalized in the press recently that have attracted attention both publicly and politically in the United States and abroad, corporate governance legislation has become increasingly concerned with the ongoing resilience of organizations and particularly with their ability to resist corporate fraud from the lowest levels to the upper echelons of executive management. It has become unacceptable for those responsible for corporate governance to claim "I didn't know". The use of the Internal Control Framework as a fraud risk reduction mechanism has become an imperative at all levels in order to demonstrate their compliance with current legislation as well as providing proof positive of their effective governance. This book focuses on the appropriateness of the design of the system of internal controls in fraud risk mitigation as well as the mechanisms to ensure effective implementation and monitoring on an ongoing basis. It is designed to address the concerns of both management and audit in ensuring a demonstrable level of activity to ensure sustainability of the organization and minimization of the impacts of fraud based upon early detection. It is applicable in a wide variety of environments including governmental, financial, manufacturing and e-business sectors.

Author Biography

RICHARD E. CASCARINO, CRMA, CFE, CIA, CISM, MBA, is a principal of Richard Cascarino & Associates. He has over thirty years' experience in audit training and consultancy and is a regular speaker at Institute of Internal Auditors (IIA) and Information Systems Audit and Control Association (ISACA) events throughout the United States, Africa, Europe, and the Middle East on fraud prevention, risk management, corporate governance, IT security, and internal auditing.

Table of Contents

Preface vii

PART I: QUESTIONS AND PROBLEMS

Chapter 1: Nature of Fraud 3

Chapter 2: Elements of the Crimes of Theft and Fraud 9

Chapter 3: Frauds Against the Individual 15

Chapter 4: Frauds Against the Organization 19

Chapter 5: Fighting Corruption 31

Chapter 6: Role of Ethics in Fighting Fraud 39

Chapter 7: Controlling Fraud 45

Chapter 8: Fraud Risk Management 55

Chapter 9: Investigating Fraud 63

Chapter 10: Computer Fraud and Countermeasures 75

Chapter 11: Legal Issues Surrounding Fraud 91

Chapter 12: Industry-Related Fraud Opportunities 95

PART II: SOLUTIONS

Chapter 1: Nature of Fraud 115

Chapter 2: Elements of the Crimes of Theft and Fraud 119

Chapter 3: Frauds against the Individual 123

Chapter 4: Frauds against the Organization 125Chapter 5: Fighting Corruption 131

Chapter 6: Role of Ethics in Fighting Fraud 137

Chapter 7: Controlling Fraud 141

Chapter 8: Fraud Risk Management 149

Chapter 9: Investigating Fraud 153

Chapter 10: Computer Fraud and Countermeasures 159

Chapter 11: Legal Issues Surrounding Fraud 167

Chapter 12: Industry-Related Fraud Opportunities 169