Principles of Fraud Examination [Hardcover]

Joseph T. Wells (Author)

Book Description

Publication Date: August 11, 2004 | ISBN-10: 0471517089 | ISBN-13: 978-0471517085 | Edition: 1

In Principles of Fraud Examination, Joseph Wells (founder and Chairman of the Association of Certified Fraud Examiners) provides a wealth of informative and entertaining insights into the complex social factors behind fraudulent behavior. The text also provides a broad overview of the field of Fraud Examination—from what fraud is, to how it is committed, detected, and deterred.  Coverage begins with an explanation of fraud examination methodology, followed by detailed examination of the most prevalent fraud schemes used by employees, owners, managers, and executives.

Editorial Reviews

From the Back Cover

An introduction to fraud detection and prevention for today’s accounting students!

Accountants have historically played an important role in the detection and deterrence of fraud. As future accountants, your students will be on the front lines of the effort to prevent future financial scandals. If called upon, one of their greatest tools in this effort will be a deep understanding of why and how people engage in fraudulent behavior.

In Principles of Fraud Examination, Joseph Wells (founder and Chairman of the Association of Certified Fraud Examiners) provides a wealth of informative and entertaining insights into the complex social factors behind fraudulent behavior. The text also provides a broad overview of the field of Fraud Examination––from what fraud is, to how it is committed, detected, and deterred.  Coverage begins with an explanation of fraud examination methodology, followed by detailed examination of the most prevalent fraud schemes used by employees, owners, managers, and executives. 

Features

• The text is based on the three main categories of occupational fraud and abuse (asset misappropriation, corruption, and fraudulent statements) and 13 principal schemes, as identified by the Report to the Nation on Occupational Fraud and Abuse, first issued in 1996 and last updated in 2004.
• Chapters explain the major schemes and provide relevant statistics on cost and frequency, as well as the perpetrators and victims of these crimes.
• Each scheme is illustrated with several real-life cases.
• The text clearly outlines prevention, detection and investigation strategies.
• Essential terms, questions, and discussion issues help students understand and retain the material.

About the Author

JOSEPH T. WELLS, CPA, CFE, is the founder and Chairman of the Association of Certified Fraud Examiners (ACFE) and a former adjunct professor of fraud examination at the University of Texas at Austin. He writes, researches, and lectures to business and professional groups on fraud-related issues and is frequently quoted in the media. He has won top writing awards from both Internal Auditor and the Journal of Accounting magazines, and he is a winner of the Innovation in Accounting Education Award presented by the American Accounting Association. For his landmark research in fraud detection and deterrence, Mr. Wells has been inducted into the American Institute of Certified Public Accountants' Business and Industry Hall of Fame and named to Accounting Today's list of top 100 most influential people for the last nine years in a row. --This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 460 pages
• Publisher: Wiley; 1 edition (August 11, 2004)
• Language: English
• ISBN-10: 0471517089
• ISBN-13: 978-0471517085
• Product Dimensions: 10 x 8 x 0.9 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #392,246 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 17 people found the following review helpful:

5.0 out of 5 stars This Is the Textbook version of Corprate Fraud, November 22, 2004

By 

scg "scg" (Colorado Springs, CO, USA) - See all my reviews

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This review is from: Principles of Fraud Examination (Hardcover)

This book is excellent and very readable. It is the textbook version of Corporate Fraud Handbook: Prevention and Detection by the same author which costs less. So unless you are using this in class or teach from it get the Corporate Fraud Handbook...it costs less. Either way you won't be sorry for having the book. It is worth it.

4 of 4 people found the following review helpful:

5.0 out of 5 stars Excellent overview of Fraud Examination, July 9, 2010

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Catzie28 (Michigan) - See all my reviews

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This review is from: Principles of Fraud Examination (Hardcover)

I needed this book for a required Forensic Accounting class at my college. I have to say, it was one of the more interesting textbooks I have ever read. This text incorporates a lot of case studies, which is interesting. The author is also extremely well known in his field, and his knowledge is very evident. I especially liked the way the text was organized, with an overview of the type of fraud, and then details about how the fraud is committed, and then a detail of what type of internal controls would have prevented or detected the fraud. Most chapters also have a list of computer tests you can run to detect fraud, which I imagine could be very helpful for the business owner/accountant. I think this text would be perfect for not only a college setting, but for anyone currently working in business that is worried about fraud in their organization.

1 of 1 people found the following review helpful:

5.0 out of 5 stars Fraud Examination by Wells, July 26, 2011

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goat657 - See all my reviews

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This review is from: Principles of Fraud Examination (Hardcover)

This was a required book for class. The book is well written, easy to understand and the chapter discussions reinforce the material studied. I plan on purchasing several other books on fraud by this author for my reference library as well as retaining this one.