Essential guidance for creation of an effective fraud audit program in core business systems The Association of Certified Fraud Examiners has reported that U.S. businesses lose up to $4 billion annually due to fraud and abuse. Discover fraud within your business before yours becomes another business fraud statistic.
THE FRAUD AUDIT
Responding to the Risk of Fraud in Core Business Systems
Offering the guidance, strategy, and tools you need to respond to the very real, ongoing risk of fraud, The Fraud Audit presents a proactive, preventive response to fraud rather than a reactive approach after damage has been done. Revealing how to keep fraud at bay through the Awareness Theory Methodology (ATM)?a vigorous fraud audit framework that will help you and your staff understand the how, why, and where of fraud?this book helps you identify fraudulent transactions that warrant an investigation.
Author Leonard Vona draws on his extensive experience as a financial investigation expert to provide invaluable insight on recognizing fraud scenario potentials from among the millions of transactions in your business's systems. Whether you are an accountant, auditor, or a fraud examiner, this timely book explains how to gather information in identifying fraud risks, assessing those risks, and responding aggressively to them.
With an emphasis on fraud occurring within your business's core systems?including procurement, disbursement, payroll, financial statement reporting, inventories, program management, and journal entries?The Fraud Audit explores:
- The fraud paradigm
- Fraud audit standards
- Fraud risk structure
- Brainstorming?why it works impressively in fraud risk detection
- Building your fraud audit program
- The art and science of data mining for fraud
- Document analysis?the red flags to watch out for
- Conveying the impact of potential fraud to management
- Anticipate fraud before it shows up
Straightforward with easy-to-implement guidance, The Fraud Audit provides the sound business advice you need for a problem that's here to stay.
'Provides tools that can be used by any business.' - Finance & Management Faculty, Sept 2011
