Stop Company Fraud Founder Scott Morrison CPA.wmv

Financial Statement Fraud: Prevention and Detection

Product Description

Practical examples, sample reports, best practices and recommendations to help you deter, detect, and prevent financial statement fraud

Financial statement fraud (FSF) continues to be a major challenge for organizations worldwide. Financial Statement Fraud: Prevention and Detection, Second Edition is a superior reference providing you with an up-to-date understanding of financial statement fraud, including its deterrence, prevention, and early detection.

You will find

• A clear description of roles and responsibilities of all those involved in corporate governance and the financial reporting process to improve the quality, reliability and transparency of financial information.
• Sample reports, examples, and documents that promote a real-world understanding of incentives, opportunities, and rationalizations
• Emerging corporate governance reforms in the post-SOX era, including provisions of the SOX Act, global regulations and best practices, ethical considerations, and corporate governance principles
• Practical examples and real-world “how did this happen” discussions that provide valuable insight for corporate directors and executives, auditors, managers, supervisory personnel and other professionals saddled with anti-fraud responsibilities
• Expert advice from the author of Corporate Governance and Ethics and coauthor of the forthcoming Wiley textbook, White Collar Crime, Fraud Examination and Financial Forensics

Financial Statement Fraud, Second Edition contains recommendations from the SEC Advisory Committee to reduce the complexity of the financial reporting process and improving the quality of financial reports.

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Essential Project Investment Governance and Reporting: Preventing Project Fraud And Ensuring Sarbanes-Oxley Compliance

Product Description
If your organization does not have project fraud and project investment reporting controls in operation, you face the real risk of hefty fines and possible jail time for executives under the Sarbanes-Oxley federal law. Essential Project Investment Governance and Reporting introduces proactive best methods for ensuring proper financial reporting of project investments and techniques for preventing, detecting, and managing the risks of fraud in projects that will ensure corporate governance compliance with Sarbanes-Oxley. It shows you how to manage project fraud through the PMO and internal auditing units while enabling overall improvement of corporate governance.

No other publication summarizes the essential U.S. financial reporting concepts on project investments in such an easily accessible manner. Whether you work in a privately held company, a non-profit, or operate within some level of the government, you will be expected to comply with these requirements because your customers will demand it. This book is a must-read for project managers and accountants in all types of firms.

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Causes, consequences, and deterence of financial statement fraud

Product Description
This digital document is a journal article from Critical Perspectives on Accounting, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Financial statement fraud (FSF) has cost market participants, including investors, creditors, pensioners, and employees, more than $500 billion during the past several years. Capital market participants expect vigilant and active corporate governance to ensure the integrity, transparency, and quality of financial information. Financial statement fraud is a serious threat to market participants’ confidence in published audited financial statements. Financial statement fraud has recently received considerable attention from the business community, accounting profession, academicians, and regulators. This article (1) defines financial statement fraud; (2) presents a profile of financial statement fraud by reviewing a selective sample of alleged financial statement fraud cases; (3) demonstrates that ”cooking the books” causes financial statement fraud and results in a crime; and (4) presents fraud prevention and detection strategies in reducing financial statement fraud incidents. Financial statement fraud continues to be a concern in the business community and the accounting profession as indicated by recent Securities and Exchange Commission (SEC) enforcement actions and the Corporate Fraud Task Force report. This paper sheds light on the factors that may increase the likelihood of financial statement fraud. This paper should increase corporate governance participants’ (the board of directors, audit committees, top management team, internal auditors, external auditors, and governing bodies) attention toward financial statement fraud and their strategies for its prevention and detection. The Sarbanes-Oxley Act of 2002 was enacted to improve corporate governance, quality of financial reports, and credibility of audit functions. The Act establishes a new regulatory framework for public accountants who audit public companies, creates more accountability for public companies and their executives, and increases criminal penalties for violations of securities and other applicable laws and regulations. Given the difficulties and costs associated with deterring financial statement fraud, understanding the interactive factors described in this article (Cooks, Recipes, Incentives, Monitoring and End-Results (CRIME)) that can influence fraud occurrence, detection and prevention is relevant to accounting and auditing research.

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Fraud in Accounts Payable: How to Prevent It

Product Description
Praise for Fraud in Accounts Payable

“Fraud in Accounts Payable is an insightful book that takes an in-depth look at the three most frequently committed fraudulent cash disbursement schemes directly related to your accounts payable function. Mary provides colorful and poignant stories showing how easy it can be to steal from both within and outside an organization. But the real beauty of this book is that Mary illustrates ways you can immediately begin implementing effective and efficient controls to reduce the opportunities for fraud within your organization.”
—Matthew D. Storlie, CFE, Fraud & Forensic Services Virchow, Krause & Company, LLP

“Mary has delivered another book full of specific suggestions for improving accounts payable processes. Fraud in Accounts Payable is an easy-to-read guide that identifies real-world problems and offers practical solutions. Her books and articles have quickly become some of my core resources.”
—Stephanie K. O’Cain, Chief Financial Officer Municipal Association of South Carolina

“Fraud could never take place in my accounts payable department.”

“My employees would never steal from me! I trust them too much . . .”

Sound familiar?

The definitive resource for every accounts payable department, Fraud in Accounts Payable affords you a bird’s-eye view of what’s really going on in your accounts payable department and how you can defend it against every potential type of fraud, including check fraud, payroll fraud, and T&E fraud.

Written by Mary Schaeffer, America’s most accomplished accounts payable expert, this thorough and highly readable guide is filled with authoritative tips, techniques, and advice on:

• Uncovering hidden pockets of weakness where your organization is vulnerable

• Getting rid of those bad practices that allow all sorts of frauds to flourish

• Setting up antifraud safeguards

Reminding us to “never say never,” Fraud in Accounts Payable explains in plain English how to protect your accounts payable department so it becomes—and stays—financially healthy.

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