- Hardcover: 240 pages
- Publisher: Wiley; 1 edition (February 9, 2009)
- Language: English
- ISBN-10: 0470387963
- ISBN-13: 978-0470387962
- Product Dimensions: 6.4 x 0.9 x 9 inches
- Shipping Weight: 13.6 ounces (View shipping rates and policies)
- Average Customer Review: 13 customer reviews
- Amazon Best Sellers Rank: #801,433 in Books (See Top 100 in Books)
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Expert Fraud Investigation: A Step-by-Step Guide 1st Edition
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From the Inside Flap
Expert Fraud Investigation
A Step-by-Step Guide
A sharp, savvy examination of financial fraud, Expert Fraud Investigation: A Step-by-Step Guide is one of the few books to take the leap from theoretical discussion to the actual nuts and bolts of performing an investigation. Fraud expert Tracy Coenen offers an insider look at many of the most common types of fraud cases and points out some of the best methods for analyzing the books and records to search for proof of fraud.
An invaluable tool to help professionals understand how financial fraud occurs in an organization and what to do when it is found or suspected, all the guidance needed to uncover corporate fraud is here, from the point of opening an investigation, selecting a team, through the entire investigative process, including:
The most common fraud schemes
The difference between audits and investigations
Effectively managing the investigation
Looking for fraud in little things
Using public and private records in investigations
Getting creative as a fraud investigator
Uncovering asset misappropriation schemes, financial statement fraud, corruption schemes, and external fraud schemes
How to prevent fraud from happening in the first place
Does your organization need to conduct a fraud investigation? Who needs to be involved? Expert Fraud Investigation gives you access to all the necessary background on fraud, the various types of fraud investigations, as well as the legalities involved. Making a difficult undertaking more manageable, this essential book arms you with the tools to take your organization step by step through the process of an effective fraud investigation.
From the Back Cover
Praise for Expert Fraud Investigation
"Fraud is a constant evil that attacks businesses, consumers, and government. The financial and reputational impact of fraud can be devastating, but education and awareness are key weapons in the war on this crime. With this new book, Tracy Coenen delivers an excellent primer on the many fraud schemes as well as practical investigative techniques to detect and prevent fraud."
—Martin T. Biegelman, Director of Financial Integrity, Microsoft Corporation
"The lack of effective fraud training by auditors made my job easier as the criminal CFO of Crazy Eddie. I was lucky, since Tracy Coenen was too young to be a forensic accountant back in my criminal days. Acclaimed forensic accountant Tracy Coenen's fraud investigation book will cause many criminals to take early involuntary retirement or be forced out of business."
—Sam E. Antar, WhiteCollarFraud.com
"In Expert Fraud Investigation, Tracy Coenen does an excellent job of educating the reader on a wide variety of fraud schemes and providing a step-by-step process on how to conduct a fraud investigation. This is a must-read for anyone who wants to learn more about the basics of how to prevent, detect, and investigate fraud."
—Cynthia Cooper, Author of Extraordinary Circumstances: The Journey of a Corporate Whistleblower
Top customer reviews
In a logically structured presentation, Coenen walks through all of the major types of fraud and discusses the thought process that an investigator should use when trying to detect each of them. The discussions of each thought process is typically aided by five to fifteen bullet points--not excessive lists by any means--that the investigator should make sure to consider.
She maintains an engaging, conversational tone throughout the book, with just enough detail and war stories to illustrate the procedures and techniques that she presents. Coenen's book reeks of actual, real-life experience. You can feel the depth and breadth of her fraud investigation experience as you read this book.
Expert Fraud Investigation starts out with three chapters describing the beginning of the cycle: finding fraud, beginning the investigation, and managing the case. These are useful not only for the investigator; attorneys or corporate managers hiring a fraud investigator will also benefit from the delineation of the thought processes and approaches that the investigator should be taking.
Chapters four through six provide a general overview of how to conduct a fraud investigation: searching for fraud, sources of information, and investigative techniques. These chapters give a good overview and some discussion of the thought processes to use.
Chapters seven through ten discuss specific types of fraud and specific investigative steps usually taken to detect them. They cover asset misappropriation schemes, financial statement frauds, corruption schemes, and external frauds such as Ponzi schemes and insurance fraud. The book then concludes with chapters on reporting and litigation, and other issues such as how to market a fraud investigation practice.
Expert Fraud Investigation presents its topic comprehensively, but without redundancy or overkill: Coenen hits each idea once and moves on. There is no new information that I didn't already know, but this book is a great summary of most of the things I need to know to do my work. It is probably a book I will pick up and read a few more times when I need a refresher or am stumped on a fraud investigation.
This book is a good read for fraud investigators with all levels of experience, for judges and lawyers who deal with expert witnesses or consultants in fraud cases, and for corporate managers fearful that they may need a fraud investigation at their own company.
As for style points, I found the book to be clumsy and awkward. The author is not afraid to beat a dead horse, and then beat it again -- her penchant for repetition is nearly comical. To me, it was not an enjoyable read.
Some worthwhile information is shared here. However, I agree with other reviewers that the presentation is at times remedial and the coverage of certain topics is thin -- and again, which statements are reliable? The book absolutely fails to live up to its price tag.
In my opinion, the information in this book could be better obtained elsewhere. I wish I had not purchased and read this particular book.