Detecting Accounting Fraud Before It's Too Late (The Wiley Finance Series) - Hardcover

Amat, Oriol

Hardcover

ISBN 10: 1119566843 ISBN 13: 9781119566847

Publisher: Wiley, 2019

Synopsis

Detect accounting fraud before it’s too late

Accounting fraud is the deliberate manipulation of accounting records in order to make a company's financial performance seem better or worse than it actually is. Accounting scandals often have catastrophic consequences for shareholders and employees. Thus, analysts and auditors must be equipped to detect accounting fraud.

This book is a comprehensive guide to detecting accounting fraud for auditors investigating accounting fraud and analysts/managers seeking to prevent it. A wide variety of warning signs are described, as are several techniques for detecting and addressing fraud.

• Understand the motivations and warning signs behind accounting fraud
• Get to know how accounting fraud is done and how to detect it
• Avoid the losses that often come from accounting fraud
• Benefit from case studies throughout to that help illustrate the author's points

It’s unfortunate that managers, auditors, and analysts must be wary of accounting fraud—but this book equips you with the know-how to detect it before it’s too late.

About this title

From the Inside Flap:

Acompany's financial information is crucial for making most business decisions. Therefore, it is essential that an organization's accounts are reliable and based on accurate information. Detecting Accounting Fraud Before It's Too Late is a comprehensive guide to corporate fraud and manipulation. The book is filled with the facts, insights, and helpful suggestions for understanding and preventing corporate malfeasance before it takes hold of an organization and causes irreparable harm. Written by Oriol Amat—a noted expert on the topic—the book contains an in-depth exploration of the warning signs that indicate accounting fraud is taking place and details the proven techniques for identifying, preventing, and addressing fraud.

Detecting Accounting Fraud Before It's Too Late describes both legal and illegal accounting manipulation practices and offers a thorough examination of the ethical considerations and economic consequences of manipulations that affect shareholders, banks, employees, and others. Filled with real-world case studies from American, European, and Asian companies, the book clearly illustrates and analyzes the nature of accounting manipulation and, in many cases, reveals the underlying motivation.

The book shows how organizations can prevent accounting fraud and explains the role corporate governance plays in mitigating fraudulent practices. Designed as a practical resource, the book contains a unique, evidence-based list of fraud warning signs. The individual warning signs are combined into a fraud index. Investors can use the fraud index as a tool to rank companies by their susceptibility to financial information fraud.

In addition, the book offers a historical perspective on corporate fraud that reaches back in time to explain fraud in Mesopotamia and The Dutch East India Company. The author also puts contemporary scandals under the microscope such as Enron and Lehman Brothers.

This essential guide will benefit auditors investigating accounting fraud, analysts, and managers responsible for preventing fraud within their organizations.

From the Back Cover:

THE ESSENTIAL GUIDE TO IDENTIFYING, ADDRESSING, AND PREVENTING ACCOUNTING FRAUD

The United States is undergoing a period of intense political and social change. From the rise of the Tea Party to social media's effect on American life and politics, this new edition fills in the gaps of this nation's story. This book guides you through the events that shaped the nation, from pre-Columbian civilizations to the 21st century. It's all here—you'll find all the wars, leaders, and eras that explain and demonstrate how the past influences the future.

"I consider myself an expert on corporate manipulation and fraud. I researched the issue extensively and was an expert witness in numerous lawsuits of corporate misinformation and fraud. I am also a CPA and have taught accounting for decades. So, I really didn't expect to learn a lot from yet another book about corporate fraud. What a surprise! This book, by Professor Oriol Amat, is full of new facts, insights, and useful prescriptions about corporate fraud and information manipulation. What a delight to learn so many new and practical things from this book. It's also great fun to read. Did you know, for example, that fraud already existed in Mesopotamia in 1700 B.C.?"
—From the prologue by Baruch Lev, Philip Bardes Professor of Accounting and Finance at New York University Stern School of Business

Accounting fraud is almost as old as civilization itself, yet dealing with financial malfeasance continues to be a challenging process. Detecting Accounting Fraud Before It's Too Late offers auditors, analysts, and corporate leaders an important resource for keeping their organizations on the right track. This practical book contains a list of the most common warning signs that fraud is taking place and includes several techniques for detecting and addressing fraudulent behavior.

About this edition

• Publisher: Wiley
• Publication date: 2019
• ISBN 10: 1119566843
• ISBN 13: 9781119566847
• Binding: Hardcover
• Edition number: 1
• Number of pages: 208