Financial Statement Fraud: Strategies for Detection and Investigation

Financial statement fraud is one of the most costly types of fraud and can have a direct financial impact on businesses and individuals, as well as harm investor confidence in the markets. While publications exist on financial statement fraud and roles and responsibilities within companies, there is a need for a practical guide on the different schemes that are used and detection guidance for these schemes. Financial Statement Fraud: Strategies for Detection and Investigation fills that need.

Book contents:

  1. Introduction to Revenue-Based Financial Reporting Fraud Schemes

  2. Timing Schemes

  3. Fictitious and Inflated Revenue

  4. Misclassification Schemes

  5. Gross-Up Schemes

  6. Improper Capitalization of Costs

  7. Asset Valuation Schemes

  8. Fair Value Accounting

  9. Shifting Expenses to Future Periods

  10. Omissions and Underreporting of Liabilities

  11. Consolidations and Business Combinations

  12. Financial Reporting Fraud as a Concealment Tool

  13. Financial Statement Fraud by Not-for-Profit Organizations

  14. Disclosure Fraud

  15. Detecting Financial Statement Fraud

  16. Financial Statement Analysis

  17. Ratio Analysis

  18. Other Detection Procedures

  19. Fraud or Honest Mistake?

  20. Assessing (or Minimizing) Auditor Liability