Executive Roadmap to Fraud Prevention and Internal Control : Creating a Culture of Compliance.
Title:
Executive Roadmap to Fraud Prevention and Internal Control : Creating a Culture of Compliance.
Author:
Biegelman, Martin T.
ISBN:
9780471779674
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (417 pages)
Contents:
Executive Roadmap to Fraud Prevention and Internal Control -- About the Authors -- Contents -- Foreword -- Preface -- Acknowledgments -- Chapter 1 Fraud's Feeding Frenzy: Overview of Recent Corporate Scandals -- EXECUTIVE SUMMARY -- FRAUD'S FEEDING FRENZY STILL GOING STRONG -- WHAT A DIFFERENCE A FEW YEARS MAKE -- PERSONAL PIGGY BANK CONCEPT OF LEADERSHIP -- EXECUTIVE INSIGHT 1.1: A MILLIONAIRE CEO GETS GREEDY -- THE ROGUE EMPLOYEE -- THE CEO'S NEW CHUTZPAH DEFENSE -- A SAMPLING OF CORPORATE FRAUDS -- THE PRESIDENT'S DRIVE FOR CORPORATE RESPONSIBILITY -- FIGHTING FRAUD IS GUARANTEED EMPLOYMENT -- ENDNOTES -- Chapter 2 Fraud Theory and Prevention -- EXECUTIVE SUMMARY -- FRAUD 101 -- CORPORATE FRAUD -- THE ACFE 2004 REPORT TO THE NATION ON OCCUPATIONAL FRAUD AND ABUSE -- FRAUD PREVENTION -- PERP WALKS AS A FORM OF FRAUD PREVENTION -- ELIOT SPITZER AS A CORPORATE FRAUD PREVENTION HERO -- EDWIN SUTHERLAND AND WHITE COLLAR CRIME -- DR. DONALD CRESSEY AND THE FRAUD TRIANGLE -- MOTIVE -- OPPORTUNITY -- RATIONALIZATION -- DR. W. STEVE ALBRECHT'S FRAUD SCALE -- FRAUD THEORIES -- ENDNOTES -- Chapter 3 The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: COSO to Sarbanes-Oxley -- EXECUTIVE SUMMARY -- WHAT IS CORPORATE GOVERNANCE? -- TRANSPARENCY IS THE NAME OF THE GAME -- A CULTURE OF COMPLIANCE -- EXECUTIVE INSIGHT 3.1: TIMELINE OF CORPORATE COMPLIANCE INITIATIVES AND MILESTONES -- COSO NOT COSTCO -- FEDERAL SENTENCING GUIDELINES FOR ORGANIZATIONAL CRIME -- SAS 82 -- ARTHUR LEVITT AND THE " NUMBERS GAME" -- THE SARBANES-OXLEY ACT OF 2002 -- ENDNOTES -- Chapter 4 The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: SAS 99 to the Sarbanes-Oxley Influence on Private and Nonprofit Organizations -- EXECUTIVE SUMMARY -- THE SAS 99 FIX -- THE THOMPSON MEMO.
THE FINAL RULE OF THE SEC FOR SECTION 404 OF SARBANES-OXLEY -- NEW YORK STOCK EXCHANGE AND NASDAQ LISTING REQUIREMENTS -- THE PCAOB AND AUDITING STANDARD NO. 2 -- STEPHEN CUTLER'S " GATEKEEPERS SPEECH" -- ENHANCED SENTENCING GUIDELINES: LESS CARROT AND MORE STICK -- HOW SARBANES-OXLEY IS INFLUENCING PRIVATE AND NONPROFIT ORGANIZATIONS -- ENDNOTES -- Chapter 5 Internal Controls and Antifraud Programs -- EXECUTIVE SUMMARY -- INTERNAL CONTROLS AND THE FINANCE FUNCTION -- EXECUTIVE INSIGHT 5.1: BOEING RAMPS UP ITS ETHICS AND COMPLIANCE PROGRAMS -- MANAGEMENT ANTIFRAUD PROGRAMS AND CONTROLS: THE 14-POINT PROGRAM -- EXECUTIVE INSIGHT 5.2: ACFE FRAUD PREVENTION CHECK-UP -- THE FRAUD RISK ASSESSMENT PROCESS -- TRAINING AS A CRITICAL INTERNAL CONTROL FUNCTION -- ENDNOTES -- Chapter 6 Financial Statement Fraud -- EXECUTIVE SUMMARY -- RECURRING THEMES IN FINANCIAL STATEMENT FRAUD -- COOKING THE BOOKS -- EXECUTIVE INSIGHT 6.1: A 300 MILLION FRAUD IS NOTHING TO SNEEZE AT -- WHY DO THEY TAKE THE RISK? -- THE NEW AND IMPROVED TYCO -- THE PERCEPTION OF DETECTION -- IS SARBANES-OXLEY WORKING TO REDUCE FINANCIAL STATEMENT FRAUD? -- THE GREED FACTOR -- EXECUTIVE INSIGHT 6.2: SYMBOL TECHNOLOGIES: AN OLD FRAUD AND A NEW APPROACH -- RED FLAGS OF FINANCIAL STATEMENT FRAUD -- WHEN BAD AUDITS HAPPEN TO GOOD ACCOUNTANTS -- ENDNOTES -- Chapter 7 Internal Fraud: Protecting a Company -- EXECUTIVE SUMMARY FOR CHAPTER 7 -- FRAUDULENT DISBURSEMENTS AND ASSET MISAPPROPRIATION -- FALSE BILLING SCHEMES -- EXECUTIVE INSIGHT 7.1 EXPENSE REPORTING FRAUD: DO WHAT I SAY, NOT WHAT I DO -- PAYROLL SCHEMES -- BRIBERY, KICKBACKS, AND BID-RIGGING -- EXECUTIVE INSIGHT 7.2 FRANK GRUTTADAURIA: THE ROGUE EMPLOYEE -- FRAUD PREVENTION VERSUS SECURITY -- IT'S NOT ALL HERE -- ENDNOTES -- Chapter 8 Views from Both Sides of the Fence: Interviews with a Fraudster and a Fraud Investigator.
EXECUTIVE SUMMARY -- A FORMER FRAUDSTER AND NEW MAN: A CONVERSATION WITH WALT PAVLO -- THE FRAUD INVESTIGATOR THAT CORPORATE AMERICA CALLS: INTERVIEW WITH CARL PERGOLA -- Chapter 9 External Fraud Schemes: The Rest of the Fraud Story -- EXECUTIVE SUMMARY -- CLASSIC FRAUD SCHEMES -- EXECUTIVE INSIGHT 9.1: WENDY'S " FINGER HOAX" PROVES COSTLY -- CREDIT CARD FRAUD -- TOOLS TO STOP ONLINE FRAUD -- ENDNOTES -- Chapter 10 Information Security and Fraud -- EXECUTIVE SUMMARY -- SARBANES-OXLEY AND INFORMATION SECURITY -- 2003 FBI SURVEY ON COMPUTER SECURITY -- WHOSE JOB IS INFORMATION SECURITY ANYWAY? -- THE ISSAC CONCEPT -- PASSWORDS: ARE YOU WIDE OPEN TO FRAUD? -- EXECUTIVE INSIGHT 10.1 THE MOTHER OF ALL INFORMATION SYSTEMS -- SECURITY EVENT LOGS -- THE TRANSPARENCY/GLOBALIZATION PARADOX -- THE INFORMATION SECURITY POLICY -- THE TECHNOLOGY/POLICY GAP -- ENDNOTES -- Chapter 11 Designing a Robust Fraud Prevention Program at Your Company -- EXECUTIVE SUMMARY -- ONLY ROBUST WILL DO -- THE FRAUD INVESTIGATION RESPONSE AND FINANCIAL INTEGRITY CONCEPT -- KNOWING FRAUD -- TECHNOLOGY SOLUTIONS -- BASE A FRAUD PREVENTION PROGRAM IN INTERNAL AUDIT -- WHERE FRAUD WILL BE FOUND -- ABUSE CANNOT BE IGNORED -- EMPLOYEE COOPERATION WITH OFFICIAL INVESTIGATIONS -- INTERACTION WITH CORPORATE EXECUTIVES AND THE AUDIT COMMITTEE -- ROLE OF HUMAN RESOURCES -- PROSECUTION AS A FRAUD DETERRENT -- RECOVERY OF DEFRAUDED ASSETS FROM FRAUDSTERS: MAKING FRAUD LESS PROFITABLE -- INTERNATIONAL INVESTIGATIONS -- QUARTERLY FRAUD DISCUSSIONS WITH EXECUTIVE LEADERSHIP -- QUARTERLY FRAUD DISCUSSIONS WITH THE EXTERNAL AUDITOR -- ENDNOTES -- Chapter 12 Whistle-Blowers and Hotlines -- EXECUTIVE SUMMARY -- WHAT ARE WHISTLE-BLOWERS? -- THE GOVERNMENT'S USE OF INFORMANTS AND WHISTLE-BLOWERS -- WHISTLE-BLOWERS ARE CORPORATE SENTINELS.
EXECUTIVE INSIGHT 12.1: SELECTED QUOTES FROM ENRON WHISTLE-BLOWER SHERRON WATKINS'S AUGUST 2001 SIX-PAGE LETTER TO THEN ENRON CEO KEN LAY DETAILING " AN ELABORATE ACCOUNTING HOAX" AT THE COMPANYi -- SARBANES-OXLEY WHISTLE-BLOWER REQUIREMENTS AND PROTECTIONS -- HOTLINES: BUILD IT RIGHT AND THEY WILL CALL -- THE FEDERAL FALSE CLAIMS ACT -- EXECUTIVE INSIGHT 12.2: A WHISTLE-BLOWER FINDS THE GOLDEN GOOSE -- ENDNOTES -- Chapter 13 Time to Do Background Checks -- EXECUTIVE SUMMARY -- THE CHOICEPOINT DEBACLE -- THERE IS NO ONE-STOP SHOPPING FOR CRIMINAL RECORDS -- EXECUTIVE INSIGHT 13.1: JOHN SCULLEY AND A DEN OF THIEVES -- THE BEST INDICATOR OF FUTURE BEHAVIOR IS PAST BEHAVIOR -- IT IS NOT NECESSARY TO BE FORT KNOX -- ARE BACKGROUND CHECKS WORTH THE COST? -- THE ROLE OF HUMAN RESOURCES IN BACKGROUND CHECKS -- ENDNOTES -- Chapter 14 Training, Training, and More Training -- EXECUTIVE SUMMARY -- BUILDING FRAUD AWARENESS THROUGH TRAINING -- THE ROLE OF FRAUD INVESTIGATORS IN TRAINING -- TRAINING FOR CHIEF EXECUTIVES AND DIRECTORS -- EXECUTIVE INSIGHT 14.1: CUSTOM ANTIFRAUD TRAINING -- NEW EMPLOYEE ORIENTATION -- MANAGERS ARE ROLE MODELS -- NEW MANAGER TRAINING -- FRAUD TRAINING FOR FINANCE EMPLOYEES -- EXECUTIVE INSIGHT 14.2: BECOMING A MASTER IN ECONOMIC CRIME MANAGEMENT -- TRAIN YOUR ACCOUNTS PAYABLE DEPARTMENT: LOOKING FOR FRAUD ON THE FACE OF THE INVOICE -- TRAIN THE AUDIT STAFF TO DATA MINE -- TRAIN VENDORS -- ENDNOTES -- Chapter 15 Fraud Risk outside the United States -- EXECUTIVE SUMMARY -- A WORLD OF DIFFERENCE -- THE UNITED STATES FOREIGN CORRUPT PRACTICES ACT -- EXECUTIVE INSIGHT 15.1: THE LONG REACH OF THE FCPA -- THE ORGANIZATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT AND OTHER INTERNATIONAL CONVENTIONS -- TRANSPARENCY INTERNATIONAL'S CORRUPTION PERCEPTION INDEX -- OFFSHORE FINANCIAL SERVICES -- ENDNOTES.
Chapter 16 The Feds Are Watching: What to Know and Do Now -- EXECUTIVE SUMMARY -- ATTORNEY GENERAL ASHCROFT'S MARCHING ORDERS TO THE TROOPS -- THE CORPORATE FRAUD TASK FORCE -- THE GOVERNMENT'S " SHOCK AND AWE" STRATEGY -- EXECUTIVE INSIGHT 16.1: COMPUTER ASSOCIATES AND THE " 35-DAY MONTH" -- SNAPPING THE BONDS OF LOYALTY: JOINING TEAM AMERICA -- THE FBI'S STRATEGIC PLAN FOR COMBATING CORPORATE CRIME -- EXECUTIVE INSIGHT 16.2: FBI STRATEGIC PLAN 2004- 2009: STRATEGIC OBJECTIVES TO REDUCE CORPORATE FRAUD -- THE CHALLENGES OF RUNNING A BUSINESS WHILE ATTEMPTING TO PROSECUTE A COMPLICATED CIVIL FRAUD CASE -- BLAKELY AND BOOKER IMPLICATIONS FOR SENTENCING -- MAKING THE BEST OF A BAD SITUATION: WHAT TO DO IF THE FEDS SHOW UP AT THE DOOR -- ENDNOTES -- Chapter 17 Beyond Compliance: A Fraud Prevention Culture That Works -- EXECUTIVE SUMMARY -- FRAUD PREVENTION DOES NOT BEGIN OR END WITH SARBANES-OXLEY -- HAVE A ZERO TOLERANCE FOR FRAUD AND MEAN IT -- EXECUTIVE INSIGHT 17.1: A CHANGE IN CULTURE AT AIG -- THE WALL STREET JOURNAL RULE -- A FRAUD PREVENTION VISIONARY: INTERVIEW WITH JOSEPH T. WELLS ON THE FUTURE OF FRAUD AND FRAUD PREVENTION -- MOVING FROM A COMPLIANCE INITIATIVE TO A CULTURAL MIND-SET -- THE ROAD AHEAD -- ENDNOTES -- Appendix A Key Sections of the Sarbanes-Oxley Act of 2002 -- Appendix B Fraud Risk Factors Related to Misstatements Arising from Fraudulent Financial Reporting -- Appendix C Fraud Risk Factors Related to Misstatements Arising from Misappropriation of Assets -- Index.
Abstract:
Praise for Executive Roadmap to Fraud Prevention and Internal Control "Our nation is faced with dual alarming trends of record highs in white-collar crime and seemingly record lows in ethics. The solution cannot be left only to legislators, regulators, and law enforcement. It requires the attention of all of us in business to create a culture of compliance. This new book by Martin Biegelman and Joel Bartow is an invaluable resource to achieving the highest levels of compliance." --Kenneth J. Hunter, former chief postal inspector and former president & CEO of the Council of Better Business Bureaus "This is a timely and thought-provoking addition to fraud and risk management literature. For seasoned executives who are navigating the maze of compliance, legislative requirements, and increasingly sophisticated criminal activity, this book will be a frequent reference and guide. Neophyte managers will gain years of insight and direction that can only benefit their organizations. Academics, both faculty and students, will learn from the authors' ability to apply theory to high-level practice." --Gary R. Gordon, EdD, Professor of Economic Crime Management and Executive Director, Economic Crime Institute of Utica College "All executives need to protect themselves and their organizations from the potentially catastrophic damage fraud can cause, both financially and reputationally. This new book is a very clear and practical guide to achieving that goal." --Toby J. F. Bishop, President and Chief Executive Officer, Association of Certified Fraud Examiners "This book is a must-read for anyone eager to understand--and prevent--the toxic mix of temptations that can destroy a company's reputation overnight. The authors, both seasoned former fraud investigators, bring a unique, clear-eyed perspective to the topic of corporate fraud. They have seen it all, and
their book is an invaluable reference for senior management, compliance executives, in-house lawyers, and anyone else who cares about corporate integrity." --Leslie R. Caldwell, Partner, Morgan Lewis & Bockius former director, U.S. Department of Justice Enron Task Force "Excellent resource! A great guide for corporate management in the post-Enron world." --Karen A. Popp, Partner, Sidley Austin Brown & Wood LLP and former associate counsel to President Bill Clinton and former federal prosecutor.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Added Author:
Electronic Access:
Click to View