Fraud Examination [Hardcover]

W. Steve Albrecht (Author), Chad O. Albrecht (Author)

Book Description

ISBN-10: 0324162960 | ISBN-13: 978-0324162967 | Publication Date: July 30, 2002 | Edition: 1

This provocative text is designed to prepare readers to identify, detect, and prevent financial fraud. It outlines the nature of fraud and the different types of fraud, including the unique e-business fraud that is now possible in today's technological world.

Editorial Reviews

Review

"It is very readable and interesting to students. Doesn't read like a dry manual as another commonly-used text does. It covers a lot of bases and is easy to select chapters from or modify the order in which the sections are covered."

"Comprehensive, thorough, practical, a useful tool, an easy read, professionally written and organized." --This text refers to an alternate Hardcover edition.

About the Author

W. Steve Albrecht is the Andersen Alumni Professor of Accountancy in the Marriott School of Management at Brigham Young University. He received a bachelor's degree in accounting from BYU and MBA and PhD degrees from the University of Wisconsin. He is a Certified Public Accountant, Certified Internal Auditor, and Certified Fraud Examiner. After teaching at Stanford and the University of Illinois, he came to BYU in 1977, where he was the associate dean of the Marriott School until 2008. He is past President of the American Accounting Association, the Association of Certified Fraud Examiners, Beta Alpha Psi and the Accounting Program Leadership Group. Until recently, he served as the U.S. representative on the International Federation of Accountants Education Committee and as a trustee of the Financial Accounting Foundation. Dr. Albrecht has done extensive research on business fraud and ethics, which has resulted in the publication of over one hundred articles in professional and academic journals, several awards, and having one of the headquarters of the Association of Certified Fraud Examiners named after him. He is the author or co-author of 20 books or monographs. Dr. Albrecht has received numerous awards and honors for excellence in scholarship and teaching, including BYU's highest faculty honor, the Karl G. Maeser Distinguished Faculty Lecturer Award. He was also chosen as one of the 100 most influential accounting professionals in the United States by ACCOUNTING TODAY magazine on 5 occasions. Dr. Albrecht has consulted with numerous organizations, including Fortune 500 companies, major financial institutions, the United Nations, FBI, and other organizations, and has been an expert witness in over 35 major fraud cases. Dr. Albrecht is married to the former LeAnn Christiansen and they have six children and sixteen grandchildren.

Chad O. Albrecht has written and researched heavily in the use of computer in fraud detection. Chad Albrecht will receive his Ph.D. from ESADE Business School (Barcelona, Spain) in June 2008. Chad Albrecht's research focuses on global management, corruption, and fraud from an organizational perspective. This research addresses how fraud is perceived and perpetrated across cultures. Chad Albrecht's research has been published in THE JOURNAL OF FORENSIC ACCOUNTING, JOURNAL OF DIGITAL FORENSICS, SECURITY, AND LAW, SECURITY MANAGEMENT, as well as other outlets. Chad Albrecht's research findings have been reported in THE TIMES of London as well as other newspapers. Chad currently teaches fraud detection and prevention classes at ESADE Business School and La Salle--Universidad Ramon Llull in Barcelona, Spain. Chad holds the prestigious ISGOC grant from the Government of Catalonia and serves as the president of the ESADE Doctoral Society.

Product Details

• Hardcover: 552 pages
• Publisher: South-Western College Pub; 1 edition (July 30, 2002)
• Language: English
• ISBN-10: 0324162960
• ISBN-13: 978-0324162967
• Product Dimensions: 9.2 x 7.6 x 1.1 inches
• Shipping Weight: 2.3 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (19 customer reviews)
• Amazon Best Sellers Rank: #2,128,580 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

5.0 out of 5 stars Great book for students in accounting., February 18, 2007

By 

Virgilio (Laredo, TX) - See all my reviews

This review is from: Fraud Examination, Revised (Hardcover)

As soon as I started reading this book, I had no problems keeping up with the assigned readings in my class. The examples of what people will do to decieve others and themselves are gut wrenching, but give a true picture of what people do. This book has made me consider specializing in fraud.

3 of 3 people found the following review helpful:

4.0 out of 5 stars Student friendly and well-written, May 10, 2007

By 

Kalrav Buch "ekal" (Michigan) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Fraud Examination, Revised (Hardcover)

This book is a very thorough and well-written introduction to the field of fraud examination. Authors' lucid and easy-to-read style with plenty of fraud story examples is helpful to digest complex concepts such as financial statement frauds and e-commerce frauds. Chapter sizes are carefully kept small. Quizzes and case studies are also well-thought out.

Some reviews on Amazon don't do this book a justice. Overall a comprehensive text book in the area of Fraud examination. For curious and interested in this field, I also recommend Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, Second Edition.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Pretty Decent, December 12, 2007

By 

D.L.C (Honolulu, Hawaii) - See all my reviews

Amazon Verified Purchase

This review is from: Fraud Examination, Revised (Hardcover)

The book is relatively well written with easily understood concepts. The massive amount of examples are tremendously helpful in bridging the gap between theoretical academics and real life fraud as well as making the reader think about fraud in different ways. For example, one case is about a normal inventory audit, except that the company was trying to pull a fast one by overstating their inventory. What the auditors did was to check the weight and size of the inventory that was on the books and compare it to the warehouse size and capacity of their forklifts. The two did not match as the warehouse was too small to fit all of the inventory and the weights of the products were far in excess of what a forklift could lift.

The main issue and this was already brought up was redundancy. The book tends to do through out the book. I haven't quite figured it out if its meant to reinforce specific concepts or if their editor was just incompetent.

The book is still useful for those who haven't taken audit and useful for those who have as it either lays some knowledge for audit courses or reinforces audit knowledge.