Corporate Fraud Handbook: Prevention and Detection

by Joseph T. Wells

Learn how to spot the "red flags" of fraud, how to comply with recent regulations including Sarbanes-Oxley, and how to develop and implement effective preventative measures. Emphasizing that it is much more cost effective to prevent fraud than to punish it, Corporate Fraud Prevention and Detection, Second Edition gives you practical insight into fraud schemes used by employees, owners, managers, and executives to defraud their customers.  This new edition also gives you access to all new statistics from the ACFE 2006 Report to the Nation as well as new cases.

Genres: Business

456 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.