Paperback: 288 pages
Publisher: Wiley; 1 edition
Product Dimensions: 1.3 x 6.5 x 9.2 inches
Valuable guidance for staying one step ahead of financial statement fraud
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.
- Describes every major and emerging type of financial statement fraud, using real-life cases to illustrate the schemes
- Explains the underlying accounting principles, citing both U.S. GAAP and IFRS that are violated when fraud is perpetrated
- Provides numerous ratios, red flags, and other techniques useful in detecting financial statement fraud schemes
- Accompanying website provides full-text copies of documents filed in connection with the cases that are cited as examples in the book, allowing the reader to explore details of each case further
Straightforward and insightful, Financial Statement Fraud provides comprehensive coverage on the different ways financial statement fraud is perpetrated, including those that capitalize on the most recent accounting standards developments, such as fair value issues.
About the Authors
Gerard M. Zack
Gerard-zack-150×225.jpgGerard Zack has provided fraud prevention and investigation, forensic accounting, and internal and external audit services for more than 30 years. He has provided services for commercial businesses, not-for-profit organizations, and government agencies throughout North America and Europe. Prior to starting his own practice in 1990, Gerry was a manager with a large international public accounting firm. As founder and president of Zack, P.C., he has led numerous fraud investigations and designed customized fraud prevention programs for a diverse client base. Through Zack, P.C., he also provides outsourced internal audit services, compliance and ethics programs, risk management, and internal control consulting services. For more information about Zack, P.C., go to www.zackpc.com. Gerry also has served as Chief Operating and Compliance Officer for an international organization based in Washington, DC.
Mr. Zack is a Certified Fraud Examiner (CFE) and Certified Public Accountant (CPA) and has focused most of his career on audit and fraud-related services. Gerry serves on the faculty of the Association of Certified Fraud Examiners (ACFE) and is the 2009 recipient of the ACFE’s James Baker Speaker of the Year Award. He is also a Certified Internal Auditor (CIA) and a Certified Compliance and Ethics Professional (CCEP).
Gerry is the author of Fair Value Accounting Fraud: New Global Risks and Detection Techniques (August 2009 by John Wiley & Sons) and Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection (published 2003 by John Wiley & Sons). His latest book, Financial Statement Fraud: Strategies for Detection and Investigation, will be published in December 2012. He is also the author of numerous articles on fraud and teaches seminars on fraud prevention and detection for businesses, government agencies, and nonprofit organizations. He has been brought in by more than 50 CPA firms to provide customized internal staff training on specialized auditing issues, including fraud detection in audits. He is a frequent speaker at national conferences, including the Annual Conference of the ACFE, the AICPA Business and Industry Conference, the AICPA Not-for-Profit Industry Conference, and numerous other conferences.
Gerry also is the founder of the Nonprofit Resource Center, through which he provides antifraud training and consulting and online financial management tools specifically geared towards the unique internal control and financial management needs of nonprofit organizations. For more information about NRC, go to www.nonprofitresource.com.
Mr. Zack earned his M.B.A at Loyola University in Maryland and B.S.B.A at Shippensburg University of Pennsylvania. He can be contacted at (301) 987-0287 or by email at [email protected].