Financial Statement Fraud

High profile cases of financial statement fraud have been dominating the news recently, causing people to question the accuracy of the financial information made available by companies. This book covers the roles and responsibilities associated with preventing and detecting financial statement fraud, including current developments and professional activities intended to reduce the occurrences of fraudulent financial reporting. It discusses the failures involved in the Enron collapse and includes a Forward by Joseph T. Wells from the Association of Certified Fraud Examiners. For managers, boards of directors, and auditors, this book answers all the important questions on the topic of financial statement fraud: What is financial statement fraud? Why should I be concerned with financial statement fraud? How do I detect and prevent it? How does financial reporting work in publicly held companies? What will be the consequences if my company is guilty of financial statement fraud? What kinds of fraud schemes are most common? What are the responsibilities of boards of directors, managers, and auditors? Written by an acknowledged expert in the field, Financial Statement Fraud is an essential source of reliable information on this common type of fraud and a practical guide to preventing it.