Fraud Auditing and Forensic Accounting, 4th Edition

by Tommie W. Singleton; Aaron J. Singleton

• ISBN13: 9780470877913
• ISBN10: 047087791X
• Format: eBook
• Copyright: 2010-07-01
• Publisher: Wiley

Table of Contents

Preface

Acknowledgments

Background of Fraud Auditing and Forensic Accounting

Introduction

Brief History of Fraud and the Anti-fraud Profession

The Fraud Cycle

Review of Technical Literature

Forensic Accountant and Audits

Forensic Accountants

Fraud Auditors

Keys to Effective Fraud Investigation

The Anti-fraud Professional's Career

Summary

Notes

Fraud Principles

Introduction

Definition: What Is Fraud?

Synonyms: Fraud, Theft, and Embezzlement

Classic Fraud Research

Fraud Triangle

Scope of Fraud

Profile of Fraudsters

Who Is Victimized by Fraud Most Often?

Fraud Taxonomies

Evolution of a Typical Fraud

Summary

Notes

Fraud Schemes

Introduction

ACFE Fraud Tree

Financial Statement Schemes

Corruption Schemes

Asset Misappropriation Schemes

Summary

Notes

Red Flags

Introduction

Professional Standards

Common Red Flags

Specific Red Flags

Fraud Detection Model

Summary

Notes

Fraud Risk Assessment

Introduction

Technical Literature and Risk Assessment

Risk Assessment Factors

Risk Assessment Best Practices

Risk Management Checklists and Documentation

Summary

Notes

Fraud Prevention

Introduction

Prevention Environment

Perception of Detection

Classic Approaches

Other Prevention Measures

Accounting Cycles

Summary

Notes

Fraud Detection

Introduction

Fraud Detection Axioms

Common Detection Methods

Specific Detection Methods

Summary

Beneish's Ratios

Fraud Response

Introduction

Fraud Policy

Fraud Response Team

Recovery

Summary

ACFE Sample Fraud Policy

Sample Fraud Policy Decision Matrix

Notes

Computer Crime

Introduction

History and Evolution of Computer Crimes

Computer Crime Theories and Categorizations

Characteristics of the Computer Environment

Information Security (INFOSEC)

Profiling Internet Fraudsters

Summary

Notes

Fraud and the Accounting Information System

Introduction

Accounting Concepts

Segregation of Duties

Accounting Information Systems

Key Personnel

Computer Hardware

Computer Software

New Forms of Media

Audit Trail Concept

Summary

Gathering Evidence

Introduction

Rules of Evidence

Hearsay Exceptions

Other Rules of Evidence

Summary

Notes

Cyber Forensics

Introduction

Expectation of Privacy

Types of Investigations

Sources of Digital Data

Types of Cyber Data

Cyber Forensics Investigation Process

Variety of Specialists in Cyber Forensics

Summary

Notes

Obtaining and Evaluating Non-Financial Evidence in a Fraud Examination

Introduction

Interviews

Body Language

Deception Cues

Eye Language

Statement Analysis

SCAN

Summary

Notes

General Criteria and Standards for Establishing an Expert Witness's

Qualifications

Introduction

Credentials

Personal Qualities of the Expert

Sources for Locating Expert Witnesses

Distinguishing the Actual Area of Competence

Summary

Notes

The Legal Role and Qualifications of an Expert Witness

Introduction

Role of a Forensic Accountant as a Witness in Court

Legal Qualifications for a Forensic Accountant as an Expert Witness

Qualification and Admissibility of Accounting Evidence

Expert's Role in the Litigation Team

Pretestimony Activities

Summary

Transcript of Typical Court Testimony of Expert Witness

Notes

Effective Tactics and Procedures for the Expert Witness in Court

Introduction

Effective Profile

Being a Credible Expert Witness

Expert's Role in the Litigation Team

Pretestimony Activities

Trial and Testimony

Survival Techniques

Summary

Note

Fraud and the Public Accounting Profession

Introduction

History of Fraud and the Auditor: A Summary

Fraud and the Auditor's Liability

Fraud and the Auditor's Responsibility

Fraud and the Auditor's Role

Summary

Notes

About the Authors

Index

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