The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems - Hardcover

Vona, Leonard W.

Hardcover

ISBN 10: 0470647264 ISBN 13: 9780470647264

Publisher: Wiley, 2011

Synopsis

Essential guidance for creation of an effective fraud audit program in core business systems

The Association of Certified Fraud Examiners has reported that U.S. businesses lose up to $4 billion annually due to fraud and abuse. Discover fraud within your business before yours becomes another business fraud statistic. The Fraud Audit provides a proven fraud methodology that allows auditors to discover fraud versus investigating it.

• Explains how to create a fraud audit program
• Shows auditors how to locate fraud through the use of data mining
• Focuses on a proven methodology that has actually detected fraudulent transactions

Take a look inside for essential guidance for fraud discovery within specific corporate F&A functions, such as disbursement, procurement, payroll, revenue misstatement, inventory, journal entries, and management override.

About this title

From the Back Cover

THE FRAUD AUDIT

Responding to the Risk of Fraud in Core Business Systems

Offering the guidance, strategy, and tools you need to respond to the very real, ongoing risk of fraud, The Fraud Audit presents a proactive, preventive response to fraud rather than a reactive approach after damage has been done. Revealing how to keep fraud at bay through the Awareness Theory Methodology (ATM)―a vigorous fraud audit framework that will help you and your staff understand the how, why, and where of fraud―this book helps you identify fraudulent transactions that warrant an investigation.

Author Leonard Vona draws on his extensive experience as a financial investigation expert to provide invaluable insight on recognizing fraud scenario potentials from among the millions of transactions in your business's systems. Whether you are an accountant, auditor, or a fraud examiner, this timely book explains how to gather information in identifying fraud risks, assessing those risks, and responding aggressively to them.

With an emphasis on fraud occurring within your business's core systems―including procurement, disbursement, payroll, financial statement reporting, inventories, program management, and journal entries―The Fraud Audit explores:

• The fraud paradigm
• Fraud audit standards
• Fraud risk structure
• Brainstorming―why it works impressively in fraud risk detection
• Building your fraud audit program
• The art and science of data mining for fraud
• Document analysis―the red flags to watch out for
• Conveying the impact of potential fraud to management
• Anticipate fraud before it shows up

Straightforward with easy-to-implement guidance, The Fraud Audit provides the sound business advice you need for a problem that's here to stay.

From the Inside Flap

Offering the guidance, strategy, and tools you need to respond to the very real, ongoing risk of fraud, The Fraud Audit presents a proactive, preventive response to fraud rather than a reactive approach after damage has been done. Revealing how to keep fraud at bay through the Awareness Theory Methodology (ATM)—a vigorous fraud audit framework that will help you and your staff understand the how, why, and where of fraud—this book helps you identify fraudulent transactions that warrant an investigation.

Author Leonard Vona draws on his extensive experience as a financial investigation expert to provide invaluable insight on recognizing fraud scenario potentials from among the millions of transactions in your business's systems. Whether you are an accountant, auditor, or a fraud examiner, this timely book explains how to gather information in identifying fraud risks, assessing those risks, and responding aggressively to them.

With an emphasis on fraud occurring within your business's core systems—including procurement, disbursement, payroll, financial statement reporting, inventories, program management, and journal entries—The Fraud Audit explores:

• The fraud paradigm

• Fraud audit standards

• Fraud risk structure

• Brainstorming—why it works impressively in fraud risk detection

• Building your fraud audit program

• The art and science of data mining for fraud

• Document analysis—the red flags to watch out for

• Conveying the impact of potential fraud to management

• Anticipate fraud before it shows up

Straightforward with easy-to-implement guidance, The Fraud Audit provides the sound business advice you need for a problem that's here to stay.

Edition details

• Publisher: Wiley
• Publication date: 2011
• ISBN 10: 0470647264
• ISBN 13: 9780470647264
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 400