You have no items in your shopping cart.

Profiling The Fraudster

Profiling The Fraudster Removing the Mask to Prevent and Detect Fraud

  • Author:
  • Publisher: John Wiley & Sons_
  • ISBN: 9781118871041
  • Published In: January 2015
  • Format: Hardback , 272 pages
  • Jurisdiction: U.S. ? Disclaimer:
    Countri(es) stated herein are used as reference only
HKD 650.00
Delivery Time: around 3 weeks
Extra 2-10 working days if shipping address outside Hong Kong
Free delivery Hong Kong?
Hong Kong: free delivery (order over HKD 1000)
OR
  • Description 
  • Contents 
  • Author 
  • Details

    Detect and combat corporate fraud with new profiling techniques

    Profiling the Fraudster: Removing the Mask to Prevent and Detect Fraud takes a step-by-step approach beyond the Fraud Triangle to identify characteristics in potential fraudsters, employees and new hires that will sound alarm bells before they get their hands on your organization's assets. The typical organization loses a staggering 5% of its annual revenue to fraud. Traditional fraud investigations focus on the breakdown of internal controls but what happens when the human beings forming a key component of that chain of control are inherently dishonest? This book shows you how to recognize the characteristics and behavioral patterns of potential fraudsters who are entrusted with safeguarding corporate assets. The book includes:

    • An in-depth look at fraud investigation techniques and how these can be enhanced by using the characteristics of fraudulent behavior,
    • A detailed look at profiling potential perpetrators of fraud,
    • A detailed breakdown of how to compile a fraud profile,
    • A discussion of a wide range of organizational fraud, including abuse of power, embezzlement, computer fraud, expense abuse, and more,
    • Tables, illustrations, and diagrams to enhance the narrative

    If you're a corporate fraud investigator, auditor, forensic accountant, law enforcement professional, or anyone challenged with safeguarding your organizations assets—Profiling the Fraudster shows you how to remove the mask and prevent and detect fraud.

  • Preface xiii

    Acknowledgments xix

    PART I: OCCUPATIONAL FRAUD AND CORRUPTION

    Chapter 1: Introduction to Occupational Fraud and Corruption and Recent Trends 3

    Deception through Breaching Trust 4

    Global Trends in Occupational Fraud 4

    The Cost of Occupational Fraud and Corruption 6

    Types of Occupational Fraud 8

    Early Fraud 10

    The Fight against Fraud 12

    Profiling as a Solution 13

    Chapter 2: Types of Occupational Fraud and Corruption 15

    A Myriad of Fraud Schemes 16

    Cybercrime 17

    Chapter 3: What Is Fraud and More Specifically Occupational Fraud? 21

    The Association of Certified Fraud Examiners’ Definition 22

    The American Institute of Certified Public Accountants’ Definition 23

    Statement of Auditing Standard No. 99 Definition 23

    The Institute of Internal Auditors Definition 24

    Duration of Fraud Schemes 25

    Chapter 4: Corruption 27

    The Geography of Corruption 28

    The Fight against Corruption 31

    Corruption and the Public Purse 33

    Cultural and Legal Influences on Corruption 34

    Chapter 5: Normative Crime Analysis and Investigative Psychology 37

    Fraud Is Not a Norm 37

    Investigative Psychology 40

    Chapter 6: The Fraud Triangle Becomes the Fraud Diamond: A Journey through the Theory 43

    The Fraud Triangle 44

    Fraud Risk 45

    The Theory Shaping Early Fraud Profiling 45

    PART II: PROFILING THE FRAUDSTER

    Chapter 7: Using Profiling in the Fight against Crime and Occupational Fraud 53

    The Mind of Adolf Hitler 53

    Development of the Psychology 55

    Modeling 57

    Modeling in Fraud Detection 59

    Chapter 8: Criminal and Fraud Offender Profiling 61

    The Criminal Mind-Set 61

    Investigative Psychology 64

    Fraud Offender Profiling 64

    Profiling Challenges 67

    Chapter 9: Behavioral Warning Signs or Red Flags 71

    How Red Flags Help Us Discover Fraud 73

    Management Red Flags 73

    Changes in Employee Behavior Representing Red Flags 74

    Fraudsters Living beyond Their Means Exhibit Key Red Flags 74

    Red Flags in the Accounting System 76

    Behavioral Characteristics as Red Flags to Fraud 78

    Chapter 10: Motivation and Opportunity as Key Indicators 85

    The Motivation 85

    The Opportunity 92

    Chapter 11: Profiling Individual Behavior and Characteristics of a Fraudster 95

    Perpetrator’s Gender 97

    Perpetrator’s Age 99

    Perpetrator’s Tenure 101

    Perpetrator’s Education Level 104

    Behavioral Red Flags Based on Perpetrator’s Position 109

    Behavioral Red Flags Based on Scheme Type 109

    Behavioral Red Flags Based on Department 110

    Chapter 12: Profiling the Fraudster’s Position and Department 113

    Perpetrator’s Position 114

    Perpetrator’s Department 117

    Chapter 13: Profiling the Fraud Methodology or Modus Operandi 123

    Collusion 124

    Position of Employment Creates the Opportunity 126

    Many Ways to Defraud an Organization 128

    Chapter 14: Profiling the Victim Organization and Its Geography 133

    Fraud Victim Organizations by Geographic Location 134

    Corruption Cases by Region 136

    Types of Fraud Victim Organizations 136

    Size of Fraud Victim Organizations 136

    Methods of Fraud in Small Businesses 138

    Industry of Fraud Victim Organizations 140

    Corruption Cases by Industry 142

    Chapter 15: Profiling the Consequences 147

    Legal Proceedings and Loss Recovery 148

    Losses Recovered 149

    An Often Unconsidered Consequence 151

    Chapter 16: Using Case Studies for Profiling Fraudsters 153

    Why Reinvent the Wheel? 154

    Some High-Profile Fraud Cases 155

    Chapter 17: The Use of Offender Profiling in Forensic Investigations 165

    Collation of Information 165

    Fraud Crime Intelligence 166

    Intelligence-Led Investigating 168

    The Value of Offender Profiling 168

    Improved Internal Controls 170

    PART III: BUILDING A FRAUD PROFILING METHODOLOGY FOR YOUR ORGANIZATION

    Chapter 18: Profiling as Part of Your Sound Antifraud Program 175

    Antifraud Controls at Victim Organizations 176

    Antifraud Controls in Small Businesses 178

    Antifraud Controls by Region 179

    Effectiveness of Controls 179

    Control Weaknesses That Contributed to Fraud 181

    Types of Offender Profiling 186

    Chapter 19: Information Sources and the Role of Data Mining 189

    Forensic Profiling and the Use of Data Mining 190

    Supervised and Unsupervised Learning 192

    Privacy and Ethical Concerns Surrounding Data Mining 193

    Contributing to the Profiling Mechanism 193

    Chapter 20: Fraud Profiling Your Organization 197

    Personal Particulars of the Offender 198

    Obtaining Modus Operandi Information 198

    Determine the Motive of the Offender 199

    Opportunity 201

    Red Flags 203

    Lifestyle Change 203

    Chapter 21: The Process of Developing a Fraud Profile 205

    Development of a Fraud Risk Assessment 206

    Development of the Fraud Profile 213

    Development of a Fraud Detection Net 216

    Chapter 22: The Role of the HR Recruitment Process in Profiling 223

    Perpetrator’s Criminal History 224

    Perpetrator’s Employment History 224

    Controlling Human Risk 225

    Effective Human Performance 226

    HR Departments Closing the Door on Fraud 226

    The Curriculum Vitae: Fact or Fiction? 227

    Bibliography 231

    About the Author 237

    About the Association of Certified Fraud Examiners and the Report to the Nations on Occupational Fraud and Abuse 239

    Index 243

  • SIMON PADGETT is an ACCA-qualified forensic accountant with over 18 years of experience in fighting fraud and corruption. He has held senior-level auditing positions in the United Kingdom, South Africa, the Caribbean, the Middle East, and Canada. Simon is the past vice president of the United Arab Emirates Association of Certified Fraud Examiners chapter.

You may also be interested in these books: