The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems

Essential guidance for creation of an effective fraud audit program in core business systems The Association of Certified Fraud Examiners has reported that U.S. businesses lose up to $4 billion annually due to fraud and abuse. Discover fraud within your business before yours becomes another business fraud statistic. The Fraud Audit provides a proven fraud methodology that allows auditors to discover fraud versus investigating it. Explains how to create a fraud audit program Shows auditors how to locate fraud through the use of data mining Focuses on a proven methodology that has actually detected fraudulent transactions Take a look inside for essential guidance for fraud discovery within specific corporate F&A functions, such as disbursement, procurement, payroll, revenue misstatement, inventory, journal entries, and management override.Content: Chapter 1 What Is a Fraud Audit? (pages 1–13): Chapter 2 Professional Standards (pages 15–26): Chapter 3 Fraud Scenarios (pages 27–51): Chapter 4 Brainstorming: The Implementation of Professional Standards (pages 53–68): Chapter 5 Assessment of Fraud Likelihood (pages 69–81): Chapter 6 Building the Fraud Audit Program (pages 83–110): Chapter 7 Data Mining for Fraud (pages 111–132): Chapter 8 Fraud Audit Procedures (pages 133–146): Chapter 9 Document Analysis (pages 147–157): Chapter 10 Disbursement Fraud (pages 159–178): Chapter 11 Procurement Fraud (pages 179–203): Chapter 12 Payroll Fraud (pages 205–222): Chapter 13 Revenue Misstatement (pages 223–236): Chapter 14 Inventory Fraud (pages 237–249): Chapter 15 Journal Entry Fraud (pages 251–267): Chapter 16 Program Management Fraud (pages 269–282): Chapter 17 Quantifying Fraud (pages 283–296):