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How to Detect and Prevent Financial Statement Fraud [Paperback]

Association of Certified Fraud Examiners (Author)


Out of Print--Limited Availability.



Book Description

October 2004
According to the book Corporate Fraud Handbook by Joseph T. Wells, the average financial statement fraud scheme results in a $5 million overstatement of assets or revenues and understatement of liabilities or expenses of a company. The infamous fraud involving the "Crazy Eddie" chain of electronics stores in New York was no exception. Sam Antar was one of the masterminds behind this multi-million dollar fraud. In How to Detect and Prevent Financial Statement Fraud's compelling video course, you will hear Antar describe a frenetic world of flamboyant pitchmen, manipulated competitors, bait-and-switch schemes, and inventory fraud.

The workbook contains in-depth information about financial statement fraud, as well as interactive, practical problems and case studies, is also included in this course. In fact, Antar assisted the ACFE by providing an analysis of the actual Crazy Eddie financial statements and why the auditors should have spotted the red flags present. Using the analytical techniques described in the workbook, you will be asked to examine the financials to try and detect red flags of fraud. You can then evaluate your detective skills by learning exactly what parts of the financials were fraudulent and how they could have been discovered. By learning from the experts - including one criminal mind - you will increase your ability to detect and prevent financial statement fraud.

The key elements of How to Detect and Prevent Financial Statement Fraud include:

- Fraud detection responsibilities of management and auditors
- Financial statement fraud scheme classifications
- Fictitious revenues and concealed liabilities and expenses
- Improper disclosures and asset valuations

This self-study course is NASBA-approved.

Please note: All self-study course exams must be completed within one year of purchase date to receive CPE credit.


Editorial Reviews

About the Author

The Association of Certified Fraud Examiners (ACFE) is the world's premier provider of anti-fraud training and education. A leader in the global anti-fraud community, the ACFE has over 31,000 members, sponsors more than 100 chapters worldwide and provides anti-fraud educational materials to over 100 universities. Certified Fraud Examiners (CFEs) on six continents have investigated more than 1 million suspected cases of civil and criminal fraud. Together with our members the ACFE is reducing business fraud world-wide and inspiring public confidence in the integrity and objectivity within the profession.

Product Details

  • Paperback: 350 pages
  • Publisher: Association of Certified Fraud Examiners, Inc. (October 2004)
  • ISBN-10: 1889277177
  • ISBN-13: 978-1889277172
  • Product Dimensions: 11 x 8.5 x 1 inches
  • Shipping Weight: 2.5 pounds
  • Amazon Best Sellers Rank: #8,862,575 in Books (See Top 100 in Books)

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