Fraud Casebook
Lessons from the Bad Side of Business
Edited by Joseph T. Wells
According to Joe Wells, the founder and Chairman of the Association of Certified Fraud Examiners (ACFE) fraud is not committed by either accounting systems or computers but rather by human beings. There are several ways to examine fraud scenarios including hypothetical situations, descriptions of typical fraud methods or by real life examples. Fraud Casebook takes the latter approach and presents 62 cases written by fraud examiner practitioners who are members of the ACFE.. The book is organized into four parts; asset misappropriations, corruption schemes, financial statement fraud and other miscellaneous schemes. Each of the cases follow a format discussing how and why the fraud was committed, lessons learned and then concludes with preventing future occurrences. The book is designed to educate and therefore can be used in an academic environment or within organizations to demonstrate realistic fraud scenarios. Consider this a worthwhile addition to your internal audit department professional library.
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