Forensic Accounting and Fraud Examination, 2nd Edition

Preface

What’s New in the Second Edition

We are excited to present the Second edition for Forensic Accounting and Fraud Examination and appreciate the hard work of our associates at Wiley who helped make this possible.

What is most exciting are the changes we’ve incorporated.

1. Each chapter was carefully edited and rewritten to incorporate the most recent best practices from the practitioner community.
2. We’ve added a new chapter, “Antifraud and Compliance Efforts: Ethics, Prevention, and Deterrence” to highlight the benefits and strategies relevant to preventing and deterring bad acts (see Chapter 14).
3. We included extensive examples in each chapter to connect the theory to real-world FAFE tools and techniques.
4. In Chapter 15, we provided case illustrations and calculations for lost profits, business valuation, and individual damages (a.k.a. economic damages) examples. These cases walk readers step-by-step through evidentiary details to draw defensible conclusions.
5. The Chapter 15 examples are followed in Chapter 16 with comprehensive consultant/expert witness reports that are available to readers as supplemental material in the appendices. The valuation sample report, for example, is approximately fifty pages in length.
6. The end-of-chapter student assignments have been completely rebuilt and dramatically expanded. Each chapter has the following:
   1. Two critical thinking exercises
   2. Short answer review questions
   3. Multiple choice questions
   4. A fraud casebook that provides easy-to-access references ...