Corporate Fraud Handbook: Prevention and Detection

by Joseph T. Wells

Put the brakes on fraud. It is much more cost-effective to prevent fraud than to punish it. Providing an insider's look into the most prevalent fraud schemes used by employees, owners, managers, and executives, Corporate Fraud Handbook, Fourth Edition provides you with a systematic approach to stop fraud in its tracks before it happens. Sharing his four decades of experience in the field of fraud detection and deterrence, author Dr. Joseph T. Wells—founder and chairman of the Association of Certified Fraud Examiners—brings each scheme to life by using real case studies submitted to the ACFE by the fraud examiners who investigated them. Written for anyone responsible for reducing fraud losses and mitigating the risk of fraud, Corporate Fraud Handbook From sophisticated investment swindles to petty theft, false overtime to bribery, discover how to prevent and detect corporate fraud with the expert guidance found in Corporate Fraud Handbook, Fourth Edition .

Genres: Business

448 pages, Hardcover

First published April 23, 2004

Reviews

[Joel Ungar · Rating 4 out of 5]

I got this book directly from the Association of Certified Fraud Examiners when I was preparing to take the CFE exam (I passed). This might sound dull, but it is actually full of many case studies that further illustrate how fraud occurs, what motivates fraudsters, and how to combat it.

[Lisa Powell · Rating 5 out of 5]

Outstanding.
Very hard to get into, and depending on your interest you might not read every word cover to cover -- but be careful what you skip, because there will be some unbeatable insight buried in a random paragraph that you'll miss.
After reading this (I read the fourth edition) I recognized two situations from my life where I thought there had been billing errors (medical bills) and I now can see there was almost certainly a fraud scheme going on in those two unrelated offices. I guess if you wonder how people can be so careless or foolish, maybe it makes sense to consider they might actually be being sneaky or criminal.
The first half gives the reader a good survey of the small, normal ways people embezzle and steal in the workplace. The second goes into corruption and fraud on a corporate and government scale, and is depressingly enlightening.