March 2014
Beginner
316 pages
7h 48m
English
Content preview from Fraud Prevention and Detection
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Financial Statement Fraud
INTRODUCTION
Now that the reader has been introduced to the concepts underpinning
the Red Flag System, we turn to examining its actual application in one of
the highest prole types of fraud: nancial statement fraud, also known
in some circles as accounting fraud.
WHAT IS FINANCIAL STATEMENT FRAUD?
There is a common thread linking the major fraud scandals among pub-
licly traded companies in the United States in the late 1990s and early
2000s: nancial statement fraud. Enron, WorldCom, and Health South
were all brought down by efforts to fraudulently misrepresent the health of
the company by manipulating nancial statements. This had far- reaching
negative consequences—for shareholders, creditors, and the thousands ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.