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Fraud Examination Casebook with Documents

Book Description

A practical advantage for entry-level fraud examiners with start-to-finish casework

Fraud Examination Casebook with Documents provides critical practice for students and new CPAs; criminal and insurance investigators; and attorneys seeking additional guidance on real-world fraud investigation. With five cases that include over 100 pages of documentation, this guide helps you put your conceptual knowledge to work as you conduct full-length Fraud Examinations from predication through report. Short instructional narratives guide you through tools like horizontal and vertical analysis, report writing, and other important tasks, while Excel templates streamline the process and kick start your investigation. Multiple-choice questions help you gauge your understanding and practical mastery, while expert guidance throughout prompts you to draw on your existing knowledge and apply it to casework. With a focus on asset misappropriation and financial statement fraud, these cases provide highly relevant experience for real-world practice.

Learning concept isn't always enough to do the job effectively; "knowing" is different from "applying,” yet few practical resources exist for new and aspiring fraud examiners—until now. This book provides the much-needed practice that helps examiners polish their skills, with expert guidance every step of the way.

  • Conduct actual Fraud Examinations
  • Perform horizontal and vertical analyses
  • Review checks and decode debit card transactions
  • Examine adjustments to electronic records
  • Perform simple forensic data analytics
  • Vouch to/from documentation
  • Write complete Fraud Examination reports
  • Prepare court-ready schedules and audio-visuals

As you work your way through the cases, you'll develop the skills and instinct experienced examiners rely upon every day. You'll hone your analytical edge and master the essentials of report writing, leaving you fully equipped to conduct a thorough investigation and deliver your findings clearly, comprehensively, and authoritatively. Fraud Examination Casebook with Documents is a vital resource for students and new fraud examiners seeking a practical advantage in real-world skills.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Foreword
    1. Memberships
  5. Preface
  6. Overview of the Serial Fraud Cases (A Family of Fraudsters)
    1. Fraudulent Financial Statements
    2. Check Fraud, Debit Card Fraud, Cash Larceny
    3. Fraudulent Edits/Adjusting Journal Entries to Cash Receipts
    4. Excel Pivot Analyzes and Summarizes a Huge Amount of Data
    5. Tracing Excel Pivot Red Flags Back to Source Documents and Documenting the Flow of Money
  7. Chapter 1: Case 1: Fraudulent Financial Statements
    1. 1-1 Larsen Convenience Store: Using Analytical Procedures in Detecting Financial Statement Fraud
    2. 1-2 How to Perform a Horizontal, Vertical, and Ratio Analysis
    3. 1-3 Exercises—Fraudulent Financial Statements (Larsen Convenience Store)
    4. 1-4 Exercise Templates
    5. 1-5 Review Questions—Fraudulent Financial Statements (Larsen Convenience Store)
  8. Chapter 2: Case 2: Check Fraud, Debit Card Fraud, Cash Larceny
    1. 2-1 Anderson Internal Medicine: Preparing a Bank Reconciliation and Spreading/Analyzing Transactions on Monthly Statements from Financial Institutions
    2. 2-2 How to Perform a Bank Reconciliation
    3. 2-3 How to Read Checks and Decode Debit Card Transactions
    4. 2-4 How to Spread and Analyze Check and Debit Card Transactions
    5. 2-5 Exercises—Check Fraud, Debit Card Fraud, and Cash Larceny (Anderson Internal Medicine)
    6. 2-6 Exercise Templates
    7. 2-7 Review Questions—Check Fraud, Debit Card Fraud, and Cash Larceny (Anderson Internal Medicine)
  9. Chapter 3: Case 3: Fraudulent Edits/Adjusting Journal Entries
    1. 3-1 Anderson Internal Medicine (Edits/AJE): Vouching from a Schedule to Source Documents
    2. 3-2 How to Vouch/Trace between a Source Document and an Accounting Ledger, Journal, or Activity Log
    3. 3-3 Exercise—Fraudulent Edits (or AJE) (Anderson Internal Medicine)
    4. 3-4 Exercise Template
  10. Chapter 4: Case 4: Using Data Analytics: Analyzing and Summarizing Data with Excel Pivot
    1. 4-1 Anderson Internal Medicine (Data Analytics): Using Data Analytics—Analyzing and Summarizing Data with Excel Pivot
    2. 4-2 How to Use Excel Pivot to Analyze and Summarize Data
    3. 4-3 Exercises—Using Data Analytics (Anderson Internal Medicine)
    4. 4-4 Review Questions—Using Data Analytics (Anderson Internal Medicine)
  11. Chapter 5: Case 5: Tracing Data Analytics Red Flags Back to Source Documents Using Subpoenas
    1. 5-1 Anderson Internal Medicine and Larsen Convenience Store (Conspiracy and Loan Fraud): Trace Transactions Discovered during Data Analytics Back to Source Documents Using Subpoenas
    2. 5-2 How to Write Wording to Subpoena Documents, Information, and/or Objects
    3. 5-3 Exercise—Anderson Internal Medicine and Larsen Convenience Store (Conspiracy and Loan Fraud)
  12. Chapter 6: Reports, Schedules, and Audiovisuals
    1. 6-1 Writing a Fraud Examination Report
    2. 6-2 Formatting Schedules for Inclusion with Reports
    3. 6-3 How to Simplify the Complex with Audiovisuals
  13. Chapter 7: Documents
    1. 7-1 Case 1: Fraudulent Financial Statements (Larsen Convenience Store)
    2. 7-2 Case 2: Check Fraud, Debit Card Fraud, Cash Larceny (Anderson Internal Medicine)
    3. 7-3 Case 3: Fraudulent Edits/Adjusted Journal Entries [Anderson Internal Medicine (Edits/AJEs)]
    4. 7-4 Case 4: Using Data Analytics: Analyzing and Summarizing Data with Excel Pivot [Anderson Internal Medicine (Excel Pivot)]
    5. 7-5 Case 5: Tracing Data Analytics Red Flags Back to Source Documents Using Subpoenas [Anderson Internal Medicine and Larsen Convenience (Husband/Wife Loan Fraud and Conspiracy)]
  14. About the Authors
  15. About the Website
  16. Index
  17. End User License Agreement