Fraud Risk Assessment: Building a Fraud Audit Program (Hardcover)

by Leonard W. Vona (Author)
Key Phrases: audit objectives, document fraud, fraud audit report, Fraud Auditing Corp, Documents Necessary, Synopsis of Fraud Schemes (more...)

Editorial Reviews

Product Description
Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud. An invaluable reference for auditors, fraud examiners, investigators, CFOs, controllers, corporate attorneys, and accountants, this book helps business leaders respond to the risk of asset misappropriation fraud and uncover fraud in core business systems.

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Fraud Risk Assessment

Today's professional standards are requiring corporations, CPA firms, and internal auditors to provide Sarbanes-Oxley and Public Company Accounting Oversight Board (PCAOB) regulators with assurance and opin-ions regarding fraud risk management and to incorporate fraud detection into their audit plan. But many auditors today are, unfortunately, ill-equipped on how to prevent or handle fraud.

Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud.

An invaluable reference for auditors, fraud examiners, investigators,?CFOs, controllers, corporate attorneys, and accountants, Fraud Risk Assessment: Building a Fraud Audit Program helps business leaders respond to the risk of asset misappropriation fraud and uncover fraud in core business systems. Renowned financial investigator Leonard Vona shows readers how to build a fraud model using a fraud risk assessment strategy that requires consideration of the fraud schemes, fraud concealment strategies, opportunity points, and fraud motivation unique to their organizations.

Including important information on methods of responding to the risk of fraud and data mining for fraud schemes, Fraud Risk Assessment: Building a Fraud Audit Program also provides audit procedures and thoroughly examines topics including:

• Fraud theory

• Fraud audit

• Fraud penetration risk assessment

• Fraud in expenditure

• Contract fraud

• Bribery

• Travel expense

• Payroll fraud

• Revenue fraud

• Fraud control theory

• Fraud investigation for the auditor

Locating fraud in today's business system is not an option but a requirement. Fraud Risk Assessment: Building a Fraud Audit Program helps professionals to focus on using assertive fraud risk assessment to build audit programs that respond to the risk of asset misappropria-tion fraud.

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Product Details

• Hardcover: 224 pages
• Publisher: Wiley (April 25, 2008)
• Language: English
• ISBN-10: 047012945X
• ISBN-13: 978-0470129456
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 14.4 ounces (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #317,468 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

2.0 out of 5 stars A disappointing purchase, April 2, 2009

By	Julie G (WI) - See all my reviews

My manager and I both felt this was a poorly written book. I have no doubt that the author is a competent fraud investigator, but his writing left much to be desired. There was no organizational flow to the book, no rhyme or reason to how he bulleted and arranged his points, to help me stay on track with him. It felt like he was just babbling information onto the pages. A lot of it is good information, but it was extremely difficult to go away with a clear understanding of how to structure my own fraud audit program. It didn't help that almost every page had a grammatical error in it, which was not only distracting but also contributed to it feeling thrown together and not well-thought out. I'm amazed that the editors published it in this state.

There is some useful content, particularly in the chapters that discuss examples of specific fraud schemes, and the data mining chapter. I will use those areas as a reference on audits. But the remaining chapters, which I had hoped would lay out good, step-by-step strategies for building a fraud program, left much to be desired. The content may all be there, but I think it should be the writer's responsibility, not mine, to organize it clearly and make something useful out of it.

0 of 1 people found the following review helpful:

4.0 out of 5 stars Anders VP Internal Audit, May 28, 2008

By	A. Blomqvist "Anders" (Sweden) - See all my reviews (REAL NAME)

Well structured and well researched book. It has given great help when designing my audit plans.

0 of 1 people found the following review helpful:

5.0 out of 5 stars Excelent book, May 27, 2008

By	Dimiter Petrov Dinev (Sofia, Bulgaria) - See all my reviews (REAL NAME)

The book creates the link between the auditors anf fraud examiners! It is a very important brick in the antifraud wall!