Fraud 101: Techniques and Strategies for Detection [Hardcover]

Howard Silverstone (Author), Howard R. Davia (Author)

Book Description

Publication Date: April 13, 2005 | ISBN-10: 0471721123 | ISBN-13: 978-0471721123 | Edition: 2

Unique insights into the nature of fraud and how to expose it
It's not enough to wait for a tip to expose corporate fraud. Fraud 101, Second Edition provides step-by-step guidance on how to perform detection procedures for every major type of fraud. Its new and detailed case studies reveal how easy it can be for a perpetrator to commit a fraud and how difficult it can be to prosecute. This new edition also offers expanded coverage of financial statement fraud, fraud-specific internal control, and Sarbanes-Oxley.

Editorial Reviews

Review

"...I opened this book with anticipation and it did not disappoint! I found the book well presented and easy to read. It certainly provides plenty of food for thought."(Accounting Technician, August 2000) --This text refers to an alternate Hardcover edition.

From the Inside Flap

Occupational fraud and abuse is a widespread problem that affects practically every organization, regardless of size, location, or industry. While the high-profile cases of Enron and Tyco have increased public awareness of this type of fraud, the truth remains that accidents or anonymous tips only detect about two-thirds of known fraud cases. Detection in this manner is extremely inadequate and also can be exceedingly costly for your company. Discover how to become proactive in detecting and preventing financial fraud in your organization with the tools and techniques in Fraud 101, Second Edition.

Demonstrating where traditional methods of fraud detection fall short, Fraud 101 provides step-by-step guidance showing you how to perform a proactive fraud investigation. If you're a beginning auditor or one with years of experience, this Second Edition tells you:

• What to search for
• How to search for it
• How to know when you're finished
• When a case is ready for reactive case development
• When to quit

Building upon the pioneering groundwork set by the late Howard Davia—who had more than thirty years of experience as a proactive fraud-specific investigator—Fraud 101, Second Edition takes Davia's original concepts and ideas and updates them to reflect the many developments that have taken place in the current global business climate. This Second Edition provides you with the latest tools for preventing and searching for fraud, including expanded coverage of financial statement fraud, internal controls, and Sarbanes-Oxley. Other key features include:

• Step-by-step guidance on how to perform an effective investigation
• Numerous real-world case studies, many of which are based on the authors' actual experiences
• Discussions of the major types of fraud, complete with sample investigation procedures for each
• New tools and case studies that cover financial fraud
• And much more

Serving as an educational tool for business managers and owners, CFOs, accountants, controllers, auditors, and college students, Fraud 101, Second Edition provides the critical tools to combat fraud in any organization.

See all Editorial Reviews

Product Details

• Hardcover: 256 pages
• Publisher: Wiley; 2 edition (April 13, 2005)
• Language: English
• ISBN-10: 0471721123
• ISBN-13: 978-0471721123
• Product Dimensions: 9 x 6.1 x 1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,218,584 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

3.0 out of 5 stars Painfully detailed, July 27, 2008

By 

Craig Frooninckx (Phoenix, AZ) - See all my reviews
(VINE VOICE)   

Amazon Verified Purchase

This review is from: Fraud 101: Techniques and Strategies for Detection (Hardcover)

As typical of a textbook format, this book goes into detail of Fraud and actually repeats much of the information. It was interesting to see how Enron and Worldcom have affected the search for and detection of Fraud. For a class, this would make a great textbook, but for general reading, it was a bit difficult to get through the whole book.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Amazingly exciting!!!!, October 7, 2006

By 

Ho Kheong Tan "Avid reader" (Singapore) - See all my reviews
(REAL NAME)   

This review is from: Fraud 101: Techniques and Strategies for Detection (Hardcover)

Whether you are a mystery reader or a professional auditor or a CEO/CFO, you will gain from reading this book.

Mr Howard Silverstone shared his experience magnanimously. He guided the reader patiently using easily followed step-by-step approach to carry out fraud investigation.

However, I find (and Mr Howard Silverstone kept repeating in the book) that the facts are over-simplified. I suspected this has been the case to enable non-expert to follow the book.

In essence, this is a book that allows all levels of readers to heighten their awareness on the presence of fraud penetrators and the need to enhance internal controls as a deterrent.

4 of 6 people found the following review helpful:

5.0 out of 5 stars Well-written new edition of fraud overview, February 9, 2006

By 

Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
(HALL OF FAME REVIEWER)    (TOP 500 REVIEWER)    (REAL NAME)   

This review is from: Fraud 101: Techniques and Strategies for Detection (Hardcover)

Fraud is ever present, especially now. Authors Howard Silverstone and Howard R. Davia suggest that in recent years fraud has moved from the periphery of the corporate world to the center of it - from small, unprofitable, marginal companies to the biggest blue chips. The headlines about Enron, WorldCom and Global Crossing suggest that the authors are right. They do a commendable job of categorizing and explaining various kinds of fraud and the circumstances that make scams profitable. They offer enough anecdotes to fill a mystery novel writer's idea file for a year. Given that their book is also accessible, intelligible and, at times, even entertaining, we recommend protecting your company by reading it carefully. This may be your opportunity to avoid ever finding yourself at a board meeting trying to figure out "Who done it?"