Fraud Examination [Hardcover]

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

Book Description

Publication Date: January 28, 2005 | ISBN-10: 032430160X | ISBN-13: 978-0324301601 | Edition: 2

Updated and enhanced to help readers better understand the significance of fraud in the modern accounting world, this provocative text prepares readers to identify, detect, investigate, 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. Chapter 6 offers expansive, cutting-edge instruction on the role of data analysis in fraud detection as well as two entire chapters on investigating theft and concealment This edition includes an all new chapter on consumer fraud, and Chapter 16 contains new material on tax fraud-providing students with unique insight into fraudulent tax reporting activities. End-of-chapter materials have been enhanced, and the Financial Statement Fraud Standards Appendix at the end of the text has been updated to include information about SAS 99 and Sarbanes-Oxley.

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 Associate Dean of the Marriott School of Management and Arthur Andersen Professor at Brigham Young University. Dr. Albrecht, a certified public accountant, certified internal auditor, and certified fraud examiner, came to BYU in 1977 after teaching at Stanford and at the University of Illinois. Earlier, he worked as a staff accountant for Deloitte & Touche. Prior to becoming associate dean of the Marriott School, Dr. Albrecht served for eight years as the director of the School of Accountancy and Information Systems at BYU. During that time, BYU’s undergraduate and graduate accounting programs were ranked 2nd and 3rd in the United States.Dr. Albrecht received a bachelor’s degree in accounting from Brigham Young University and his MBA and PhD degrees from the University of Wisconsin at Madison. He currently serves on the audit committees and boards of directors of three public and two private companies. Dr. Albrecht is married to the former LeAnn Christiansen, and they have six children and six grandchildren.

Product Details

• Hardcover: 672 pages
• Publisher: South-Western College Pub; 2 edition (January 28, 2005)
• Language: English
• ISBN-10: 032430160X
• ISBN-13: 978-0324301601
• Product Dimensions: 9.9 x 8 x 1.3 inches
• Shipping Weight: 3.1 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (19 customer reviews)
• Amazon Best Sellers Rank: #1,746,985 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

5 of 5 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 

Special K (Michigan) - See all my reviews

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.