Fraud Examination [With CDROM] by W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman

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Synopsis

Recent scandals at Enron, WorldCom and other global corporations have rapidly expanded the career opportunities for fraud examination, also known as forensic accounting. This text introduces students to the problem of fraud, its investigation and prevention. Chapter subjects include conversion investigation methods, fraud reports, financial statement frauds, and legal follow-up. Each chapter includes a list of key terms, questions and cases. This second edition adds or expands discussions about the use of data analysis to detect fraud, and consumer and tax fraud. The appendix reprints financial statement fraud standards. Annotation ©2004 Book News, Inc., Portland, OR

Booknews

Albrecht (Brigham Young U.) presents an introductory textbook to forensic accounting (also known as fraud examination). He introduces the topic with discussions of the nature of fraud, fraud perpetrators and their motivations, and an overview of the different methods used to fight fraud. Following chapters look at fraud prevention, detection, and investigation. Finally, the various types of fraud are explored in greater depth. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Biography

A highly respected certified fraud examiner, certified internal auditor, and certified public accountant, W. Steve Albrecht incorporates his expertise, particularly in the area of forensic accounting, throughout this edition. Dr. Albrecht is Associate Dean of the Marriott School of Management and Andersen Professor at Brigham Young University (BYU), where he was recognized with the Audit Section Educator of the Year award in 2005. Dr. Albrecht served for nine years as BYU's director of the School of Accountancy and Information Systems and has also taught at Stanford and the University of Illinois. Dr. Albrecht received a B.A. from BYU and M.B.A. and Ph.D. from the University of Wisconsin. He is past president of the American Accounting Association, the Association of Certified Fraud Examiners (ACFE), and Beta Alpha Psi. He was a member of the Board of Regents of the Institute of Internal Auditors and served on the AICPA task force that wrote SAS 82, a fraud auditing standard. He was on the FASAC advisory committee to the FASB and currently serves as a trustee of the Financial Accounting Foundation overseeing the FASB and GASB. He was a member of the Committee of Sponsoring Organizations (COSO), the AICPA Council, and has chaired the AICPA's Pre-Certification Executive Education Committee. Dr. Albrecht has extensively researched business fraud and has published more than 100 articles and more than 20 books or monographs. In 5 of the last 10 years, he was chosen as one of the 100 most influential accounting professionals in the United States by ACCOUNTING TODAY. Because of his extensive work, one of the ACFE headquarters buildings in Austin, Texas, is named after him. Dr. Albrecht hasconsulted with Fortune 500 companies, major financial institutions, the United Nations, and the FBI, and has been an expert witness in some of the largest fraud cases in America.

Conan C. Albrecht is an associate professor of Information Systems at Brigham Young University. He teaches classes in enterprise development, middleware, and business programming. Conan Albrecht researches computer-based fraud detection techniques, e-commerce platforms, and online group dynamics. He has published articles on fraud detection and information theory in THE JOURNAL OF FORENSIC ACCOUNTING, THE JOURNAL OF ACCOUNTANCY, THE COMMUNCATIONS OF THE ACM, DECISION SUPPORT SYSTEMS, INFORMATION AND MANAGEMENT, and other academic and professional outlets. Conan Albrecht is currently developing an open source framework for computer-based fraud detection. The core of this research is detectlets, which encodes background and detection information for specific fraud schemes. In the next few years, he hopes the system will serve as the foundation of a large, online repository of detectlets about all types of fraud.

Chad O. Albrecht has written and researched heavily in the use of computer in fraud detection. Chad Albrecht will receive his Ph.D. from ESADE Business School (Barcelona, Spain) in June 2008. Chad Albrecht's research focuses on global management, corruption, and fraud from an organizational perspective. This research addresses how fraud is perceived and perpetrated across cultures. Chad Albrecht's research has been published in THE JOURNAL OF FORENSIC ACCOUNTING, JOURNAL OF DIGITAL FORENSICS, SECURITY, AND LAW, SECURITY MANAGEMENT, as well as other outlets. Chad Albrecht's research findings have been reported in THE TIMES of London as well as other newspapers. Chad currently teaches fraud detection and prevention classes at ESADE Business School and La Salle—Universidad Ramon Llull in Barcelona, Spain. Chad holds the prestigious ISGOC grant from the Government of Catalonia and serves as the president of the ESADE Doctoral Society.

Mark F. Zimbelman is an accounting professor and Selvoy J. Boyer Fellow at Brigham Young University (BYU). He teaches classes on auditing and fraud examination and focuses his research exclusively on fraud. His research has been published in numerous academic journals, including JOURNAL OF ACCOUNTING RESEARCH, JOURNAL OF ACCOUNTING LITERATURE, ORGANIZATIONAL BEHAVIOR AND HUMAN DECISION PROCESSES, AUDITING; A JOURNAL OF PRACTICE AND THEORY, CONTEMPORARY ACCOUNTING RESEARCH AND ACCOUNTING HORIZONS. Dr. Zimbelman received his doctorate in 1996 from the University of Arizona, where he completed his dissertation on SAS 82. A paper from his dissertation was honored as one of six that were presented at the 1997 Journal of Accounting Research Conference at the University of Chicago. In 1999, he returned to that conference to present another paper on fraud. In addition to his academic research on fraud, Dr. Zimbelman has worked with the American Institute of Certified Public Accountants and the Institute of Internal Auditors in writing various publications on fraud. After graduating from BYU's accounting program in 1984, Dr. Zimbelman received his CPA license and worked for more than six years as a financial statement auditor and, later, as a controller in industry. After obtaining his Ph.D. and working for three years at the University of Oklahoma, he returned to BYU in 1999. In 2005, he took a leave of absence to work with KPMG in their fraud and forensics practice. This opportunity gave him hands-on experience investigating violations of the Foreign Corrupt Practices Act, financial statement fraud, vendor fraud, and embezzlement.