Preface
About the ACFE
Chapter 1: Introduction
Defining “Occupational Fraud and Abuse”
Research in Occupational Fraud and Abuse
2016 Report to the Nation on Occupational Fraud and Abuse
PART I: ASSET MISAPPROPRIATIONS
Chapter 2: Introduction to Asset Misappropriations
Overview
Definition of “Assets”
How Asset Misappropriations Affect Books of Account
CHAPTER 3: Skimming
Skimming Data from the ACFE 2015 Global Fraud Survey
Unrecorded Sales
Understated Sales and Receivables
Theft of Checks Through The Mail
Short-Term Skimming
Converting Stolen Checks
Concealing The Fraud
Detection
Prevention
Chapter 4: Cash Larceny
Overview
Cash Larceny Data from the ACFE 2015 Global Fraud Survey
Incoming Cash
Cash Larceny from the Deposit
Miscellaneous Larceny Schemes
Detection
Prevention
Chapter 5: Check Tampering
Overview
Check Tampering Data from the ACFE 2015 Global Fraud Survey
Forged Maker Schemes
Intercepted Checks
Forged Endorsement Schemes
Altered Payee Schemes
Concealed Check Schemes
Authorized Maker Schemes
Concealment
Detection
Check Tampering Red Flags
Prevention
Electronic Payment Tampering
Chapter 6: Register Disbursement Schemes
Overview
Register Disbursement Data from the ACFE 2015 Global Fraud Survey
False Refunds
False Voids
Concealing Register Disbursements
Detection
Prevention
Chapter 7: Billing Schemes
Overview
Billing Scheme Data from the ACFE 2015 Global Fraud Survey
Shell Company Schemes
Non-Accomplice Vendor Schemes
Personal Purchases with Company Funds
Detection
Prevention
Chapter 8: Payroll and Expense Reimbursement Schemes
Overview
Payroll Scheme Data from the ACFE 2015 Global Fraud Survey
Payroll Schemes
Detection of Payroll Schemes
Prevention of Payroll Schemes
Expense Reimbursement Data from The ACFE 2015 Global Fraud Survey
Expense Reimbursement Schemes
Detection of Expense Reimbursement Schemes
Prevention of Expense Reimbursement Schemes
Chapter 9: Inventory and Other Noncash Assets
Overview: Noncash Misappropriation Data from the ACFE 2015 Global Fraud Survey
Misuse of Inventory and Other Assets
Theft of Inventory and Other Assets
Concealment
Detection
Prevention
Misappropriation of Intangible Assets
PART II: CORRUPTION
Chapter 10: Bribery
Overview
Corruption Data from the ACFE 2015 Global Fraud Survey
Bribery Schemes
Something of Value
Economic Extortion
Illegal Gratuities
Detection
Prevention
Anti-Corruption Legislation
Chapter 11: Conflicts of Interest
Overview
Purchasing Schemes
Sales Schemes
Other Schemes
Detection
Prevention
PART III: FINANCIAL STATEMENT FRAUD
Chapter 12: Accounting Principles and Fraud
Introduction
Fraud in Financial Statements
Major Generally Accepted Accounting Principles
Responsibility for Financial Statements
Users of Financial Statements
Types of Financial Statements
Sarbanes-Oxley Act
Financial Statement Fraud Data from the ACFE 2015 Global Fraud Survey
Chapter 13: Financial Statement Fraud Schemes
Overview
Defining Financial Statement Fraud
Costs of Financial Statement Fraud
Methods of Financial Statement Fraud
Detection of Financial Statement Fraud Schemes
Deterrence of Financial Statement Fraud
Chapter 14: Occupational Fraud and Abuse: The Big Picture
Defining “Abusive Conduct”
Measuring the Level of Occupational Fraud and Abuse
Understanding Fraud Deterrence
Corporate Sentencing Guidelines
Ethical Connection
Concluding Thoughts
Appendix: Sample Code of Business Ethics and Conduct
Bibliography
Index
