How to Find Fraud and Corruption: Recipes for the Aspiring Fraud Detective

Everyone in an organization has a role to play in finding and deterring fraudsters, but managers often treat them as someone else's problem. This book provides simple techniques to identify and deal with fraud and corruption, based on over 25 years of experience. It offers ways to spot common frauds such as suppliers who charge too much, sharp business partners, and customers who take but prefer not to pay. It also covers more complex frauds like hidden connections to dirty money centers, bribes paid as a shortcut to get business, creative numbers fraud, and conflicts of interest. The final chapter is a short story that illustrates the challenges of being a fraud detective.

Format: Hardback
Length: 244 pages
Publication date: 13 November 2019
Publisher: Taylor & Francis Ltd

In a typical working environment where fraud and corruption are as prevalent as headaches or common colds, every individual within the organization plays a crucial role in identifying and deterring fraudsters. Despite the universal recognition that these activities may be illegal yet remain widespread, managers often treat them as someone else's problem or something that happens to other businesses, rather than their own. This book aims to demonstrate, in straightforward terms, how everyone can become a skilled fraud detective. It provides a series of proven and easy-to-follow recipes that showcase how to detect the tell-tale signs of fraud and corruption and collaborate effectively with colleagues to address these issues smartly, ensuring the health and integrity of the organization you work for.

The skills taught in this book are based on over 25 years of extensive experience in successfully identifying and combating fraud and corruption across the globe. How to Find Fraud and Corruption offers valuable guidance on recognizing and identifying common frauds, including suppliers who charge exorbitant prices, sharp business partners and consultants who exploit you, and customers who take advantage of your services without paying. It also delves into more complex but equally serious forms of fraud, such as hidden connections to dirty money centers (the illegitimate side of tax havens), bribery used as a shortcut to secure business deals, creative accounting fraud (inflating sales figures or suppressing costs), and conflicts of interest involving individuals within or outside the organization.

The final chapter of the book presents a short story (based on a real-life case) that illustrates the challenges faced by fraud detectives. Whether they are reluctant whistleblowers who struggle to speak up, individuals who cannot turn a blind eye even if they prefer to, or even those who are accused of fraud, this story provides a vivid portrayal of the complexities and ethical dilemmas involved in the field.

Accessible and practical, this book is designed for a wide range of readers, including professionals in accounting, finance, law enforcement, and business management. It offers valuable insights and strategies for detecting and preventing fraud, fostering a culture of integrity, and protecting organizations from the detrimental effects of fraud and corruption. By implementing the techniques and principles outlined in this book, individuals can become effective fraud detectives and contribute to the overall success and well-being of their organizations.

Weight: 542g
Dimension: 164 x 238 x 20 (mm)
ISBN-13: 9781138742451