Recent headlines regarding Enron and others spotlight the need for fraud prevention - in both business and private entities. Hundreds of thousands of incidents occur each year because of poor or inadequate accounting and financial control and security. Written by one of the foremost experts in the area of forensic accounting, this innovative book teaches companies and professionals how to reduce fraud losses - and how to effectively work to eliminate future frauds. It offers comprehensive coverage of fraud detection, warning signs, technology tools, investigation techniques (for auditors, security personnel and managers), financial statement screening, fraud risk in e-commerce, pro-active fraud risk and much more. The cost of fraud can be devastating. Fraud Examination and Fraud Prevention is an invaluable resource to accountants, financial officers, managers, business owners, attorneys, auditors and many others.
I give this 5 stars as far as textbooks go. Albrecht writes an exceptional clear, direct, and easily understandable textbook that happens to also be interesting to the non-expert. In a rare occurrence for textbook writers I would be happy to encounter their work again.
I'm not professional fraud fighter, just interested in. Book provides interesting statistical tricks to find outliers and life example of fraud. There are tests and the end of each chapter.