Fraud 101: Techniques and Strategies for Detection

By Howard R. Davia and Howard Silverstone

YOUR MUST-READ GUIDE TO TECHNIQUES AND STRATEGIES FOR FRAUD DETECTION AND PREVENTION Written by an accountant with over 30 years of proactive fraud-specific auditing experience, this one-of-a-kind, how-to guide provides rare expertise and hard-to-find information on this increasingly staggering and costly problem. As businesses lose over $100 billion a year to fraud with only 20 percent being discovered, the need to be more proactive in detecting fraud is increasingly obvious. Here is the only book available that describes the different types of fraud and then provides proven methods of detection. Breaks fraud into three categories, revealing that the fraud that is usually detected comprises a relatively small percentage of the fraud universe Provides new insights into the nature of fraud and the mind-set needed to combat it Provides proven solutions to how to expose different types of fraud Includes numerous case studies, most based on the author's actual experience, that reveal the real world of fraud, how easy it can be to perpetrate, and how difficult to prosecute Gain the expertise-and the attitude-necessary to step up fraud prevention in both public and private entities, with this comprehensive, clear-headed, and invaluable resource. www.wiley.com/accounting

• Format: Hardcover
• Language: English
• ISBN: 0471373095
• ISBN13: 9780471373094
• Release Date: October 2000
• Publisher: Wiley
• Length: 245 Pages
• Weight: 1.10 lbs.
• Dimensions: 9.5" x 0.9" x 6.3"

Customer Reviews

Amazingly exciting!!!!

Whether you are a mystery reader or a professional auditor or a CEO/CFO, you will gain from reading this book. Mr Howard Silverstone shared his experience magnanimously. He guided the reader patiently using easily followed step-by-step approach to carry out fraud investigation. However, I find (and Mr Howard Silverstone kept repeating in the book) that the facts are over-simplified. I suspected this has been the case to enable non-expert to follow the book. In essence, this is a book that allows all levels of readers to heighten their awareness on the presence of fraud penetrators and the need to enhance internal controls as a deterrent.

Well-written new edition of fraud overview

Fraud is ever present, especially now. Authors Howard Silverstone and Howard R. Davia suggest that in recent years fraud has moved from the periphery of the corporate world to the center of it - from small, unprofitable, marginal companies to the biggest blue chips. The headlines about Enron, WorldCom and Global Crossing suggest that the authors are right. They do a commendable job of categorizing and explaining various kinds of fraud and the circumstances that make scams profitable. They offer enough anecdotes to fill a mystery novel writer's idea file for a year. Given that their book is also accessible, intelligible and, at times, even entertaining, we recommend protecting your company by reading it carefully. This may be your opportunity to avoid ever finding yourself at a board meeting trying to figure out "Who done it?"