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Authors/Editors:
Ernst & Young Editors:
Ruby Sharma
Michael H. Sherrod, CPA, CFE
Richard Corgel, CPA
Steven J. Kuzma, PA, CFE, CFF, ABV

ISBN: 978-0-8705-1836-2
Date Published: 9/09

Suggested List Price: $82.50
Net Bookstore Price: $66.00

Developed by the seasoned fraud investigation team at Ernst & Young in cooperation with the AICPA, the Guide to Investigating Business Fraud provides a clearly defined framework for approaching a fraud investigation from start to finish. This new resource tackles the complex issues involved in fraud investigations and gives a detailed understanding of the many complex nuances that investigators and others who deal with fraud have to consider when faced with a fraud-related matter. It approaches this topic with a practical, business-minded approach, and it is organized to look at the concept of fraud holistically and the issues that are dealt with in fraud and fraud investigations.

For students, this text serves as a primary source for understanding fraud and how business fraud investigations are conducted and the complexities that are dealt with when conducting these investigations. The Guide is organized in a manner that is consistent with how issues arise during the course of an investigation and it presents practical real-life scenarios and examples, making this book a tremendous guide to gaining a deeper understanding of the issues faced during an investigation.

Each chapter in this practical, comprehensive resource is written by leading subject matter experts in the issue under discussion. The chapters are designed so that they may be read individually as self-contained reference guides for specific topics of interest, or together as a holistic overview of a fraud investigation.

CHAPTER 1: Basics of Investigations

  • The Current Context of Business Fraud Investigations
  • Business Fraud Investigation Practice
  • The Calm Before the Storm--What Can a Company's Management Do to Be Prepared for an Investigation?
  • The Fraud Investigation Framework
  • The Fraud Triangle
  • Constituency Considerations

CHAPTER 2: Misappropriation of Assets

  • Introduction
  • Cash Frauds
  • Non-Cash Fraud
  • Asset Misappropriation Detection, Prevention, and Deterrence
  • Beyond Traditional Fraud Detection Analytics

CHAPTER3: Financial Statement Restatements: Protocols and Process

  • Common Types of Financial Statement Issues
  • The Financial Restatement Process
  • Impact of Financial Statement Restatements

CHAPTER 4: Foreign Corrupt Practices Act Investigations

  • History
  • FCPA Overview
  • Penalties and Enforcement
  • Conducting the Investigation
  • Acquisition Considerations
  • Internal Control and Compliance

CHAPTER 5: The First 48 Hours of an Investigation

  • Anticipating the Decisions to Be Made After an Allegation Arises
  • Identifying Allegations
  • Initial Triage
  • Safeguarding People and Business Operations
  • Reporting Obligations
  • Organizing Investigations
  • Securing and Gathering Evidence

CHAPTER 6: Roles and Responsibilities: How Different Stakeholders Work During Investigations

  • Internal Stakeholders
  • External Stakeholders and Advisors

CHAPTER 7: Sources of Evidence

  • Electronic Evidence
  • Hard Copy Evidence
  • Other Sources of Evidence
  • Access to Documents
  • Legal Considerations
  • Appendix A: Examples of Sources of Public Information
  • Appendix B: Examples of Public Records Relevant to Investigations

CHAPTER 8: Electronic Evidence

  • Sources of Electronic Evidence
  • Professional Standards
  • The Electronic Evidence Review Process

CHAPTER 9: Cross-Jurisdictional Issues in the Global Environment

  • The Global Environment and Issues
  • Monetary Judgments, Arbitral Awards, and Restitution Orders
  • The Differences in Foreign Countries' Legal Systems and the Legal Orders Available
  • Coordinating With Government or Local Authorities
  • Effective Utilization of Resources

CHAPTER 10: Working With Attorneys: The Relationship With Counsel

  • Working Together
  • Roles and Engagement Structure
  • Considerations in Working With Attorneys
  • The Investigation Setting
  • Executing the Investigation
  • Dealing With Investigation Stresses
  • Working With Attorneys in a Litigation or Dispute Setting
  • Preparing to Give Testimony

CHAPTER 11: Working With Regulators and Parallel Investigations

  • Internal Investigations
  • Parallel Investigations
  • Disciplinary Action

CHAPTER 12: Reporting on Fraud

  • Reporting Standards
  • Guidelines for the Preparation of the Report
  • Guidelines for Deliverables to the Client
  • Appendix A: Decision Tree to Determine the Application of Professional Standards
  • Appendix B: Professional Standards Application for the Grand Forge Company Case Study
  • Appendix C: Engagement Quality Procedures: An Example
  • Appendix D: Engagement Quality Review Form for Engagement Reports or Work Reports

CHAPTER 13: Recovering from Fraud: Fidelity Claims and Directors and Officers Claims

  • Fidelity Insurance Coverage: Types and Claims
  • D&O Insurance Liability Insurance Protection

CHAPTER 14: Antifraud Programs

  • Antifraud Program Basics
  • Ownership of the Antifraud Program
  • Benefits of an Antifraud Program

To order Guide to Investigating Business Fraud , use the following specifications:

Title: Guide to Investigating Business Fraud
Authors: Ernst & Young Editors:
Ruby Sharma
Michael H. Sherrod, CPA, CFE
Richard Corgel, CPA
Steven J. Kuzma, PA, CFE, CFF, ABV
Prices: $ 82.50 List/$66.00 Net (Reflects 20% Bookstore Discount)
Availability: 9/09
Item Number: 0-4683-400
ISBN: 978-0-8705-1836-2
Publisher: CCH Tax and Accounting
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