Description
Book SynopsisA comprehensive look at financial statement fraud from the experts who actually investigated them This collection of revealing case studies sheds clear insights into the dark corners of financial statement fraud.
- Includes cases submitted by fraud examiners across industries and throughout the world
- Fascinating cases hand-picked and edited by Joseph T. Wells, the founder and Chairman of the world''s leading anti-fraud organization ? the Association of Certified Fraud Examiners (ACFE) ? and author of Corporate Fraud Handbook
- Outlines how each fraud was engineered, how it was investigated and how the perpetrators were brought to justice
Providing an insider''s look at fraud, Financial Statement Fraud Casebook illuminates the combination of timing, teamwork and vision necessary to understand financial statement fraud and prevent it from happening in the first place.
Table of ContentsPreface xi
Chapter 1 Keep On Trucking 1
Ralph Wilson
Chapter 2 Too Good to Be True? 13
Carolyn Conn
Chapter 3 Trust Us . . . We Wouldn’t Lie to You 25
Stephen Pedneault
Chapter 4 Rotten from the Core 35
Paul Pocalyko and Colleen Vallen
Chapter 5 The Broken Trust 45
Aaron Lau
Chapter 6 The Perfect Family Business 57
Alejandro Morales
Chapter 7 Auditor’s Loyalty 67
Jyoti Khetarpal
Chapter 8 Easy Come, Easy Go 75
Brad Mroski
Chapter 9 Organized Crime Is Not Just for the Usual Suspects 83
David Shapiro
Chapter 10 The Spinster and the Investment 95
Eric Sumners
Chapter 11 This Might Sound Familiar . . . 103
James M. Brown
Chapter 12 Pulling the Strings 113
Jay Dawdy
Chapter 13 A Tale of Two Books 123
John Beard
Chapter 14 The Family Man Behind Bars 131
Antonio Ivan Aguirre
Chapter 15 Net Capital Requirements 141
Kevin G. Breard
Chapter 16 Delaying the Inevitable 149
JoLynn Runolfson
Chapter 17 Power and Corruption in the Publishing Industry 159
Kenneth Biddick
Chapter 18 It Starts and Ends at the Top 169
Kimiharu Chatani
Chapter 19 The Triple-Three 177
Leonard Rang’ala Lari
Chapter 20 What Is 1 þ 1? What Do You Want It to Be? 187
Robert Barr
Chapter 21 Take Two 197
Matthias Kopetzky
Chapter 22 Wade’s WMD 207
Michael Spindler
Chapter 23 Fraud Under the Sun 217
Oscar Hernández Hernández
Chapter 24 Franklin County Contractors: A Case of Concealed Liabilities 227
Patricia A. Patrick
Chapter 25 The Fall Man 237
Nearchos A. Ioannou
Chapter 26 The Happy Life 245
Tamer Fouad Gheith
Chapter 27 A Very Merry Fraud 255
Clive Tomes
Chapter 28 Missing Ingots 265
Prabhat Kumar
Chapter 29 When Silver Spoons Are Not Enough 273
Walter Pagano and Deborah Kovalik
Chapter 30 Sales Commission and Fraud Perpetration 283
Tarek El S.M. El Meaddawy
Chapter 31 Like Two Sides of the Same Coin 291
Patrick Wellens
Chapter 32 A President Illuminated 301
Theodore G. Phelps and Cindy Park
Chapter 33 Trouble in Tallahassee 313
Dr. Tim Naddy
Glossary 325
Index 329
