Details

Financial Forensics Body of Knowledge


Financial Forensics Body of Knowledge


Wiley Finance, Band 616 1. Aufl.

von: Darrell D. Dorrell, Gregory A. Gadawski

60,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 08.02.2012
ISBN/EAN: 9781118218976
Sprache: englisch
Anzahl Seiten: 560

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Beschreibungen

<b>The definitive, must-have guide for the forensic accounting professional</b> <p><i>Financial</i> <i>Forensics Body of Knowledge</i> is the unique, innovative, and definitive guide and technical reference work for the financial forensics and/or forensic accounting professional, including nearly 300 forensic tools, techniques, methods and methodologies apply to virtually all civil, criminal and dispute matters. Many of the tools have never before been published.</p> <p>It defines the profession: "<b><i>The Art & Science of Investigating People & Money.</i></b>"</p> <p>It defines <b><i>Forensic Operators</i></b>: "…financial forensics-capable personnel… possess <i>unique</i> and <i>specific</i> skills, knowledge, experience, education, training, and integrity to function in the financial forensics discipline."</p> <p>It defines why: "<b><i>If you understand financial forensics you understand fraud, but not vice versa</i></b>" by applying financial forensics to all aspects of the financial community.</p> <p>It contains a <b><i>book-within-a-book</i></b> Companion Section for financial valuation and litigation specialists.</p> <p>It defines foundational financial forensics/forensic accounting <b><i>methodologies</i></b>: FAIM, Forensic Accounting Investigation Methodology, ICE/SCORE, CICO, APD, forensic lexicology, and others.</p> <p>It contains a <b><i>Reader Lookup Table</i></b> that permits everyone in the financial community to immediately focus on the pertinent issues.</p> <p>This work is the only financial forensics/forensic accounting methodology also published by the United States Department of Justice. It redefines the standard for all dimensions of the financial forensics and forensic accounting profession and is written to address the entire financial community comprised of <b><i>Originators</i></b> (CFOs, controllers, accountants, analysts, etc.), <b><i>Users</i></b> (auditors, valuators, attorneys, judges, lenders, investors, internal auditors, consumers, bankers, professors, board members, executives, journalists, etc.), and <b><i>Regulators</i></b> (civil, including IRS, IMF, SEC,; and criminal, including FBI and state and local law enforcement; Interpol, counterterrorism and military.</p> <p><i>Financial Forensics Body of Knowledge</i> is:</p> <ul> <li>The only codified financial forensics/forensic accounting methodology known to exist;</li> <li>The only codified methodology comprising civil, criminal, and dispute methodologies within the same framework;</li> <li>The only codified methodology supported by optional Internet-based software that continually updates content with newly discovered and developed forensic tools, techniques, methods and methodologies, and actual reports;</li> <li>The only codified methodology to contain actual report content (BLINDED) for many different forensic matters, including alter ego, damages, fraud, fraudulent transfer, marital dissolution, valuation, etc.;</li> <li>The only codified methodology to contain a comprehensive Forensic Inventory of tools, techniques, methods and methodologies;</li> <li>The only codified methodology to address virtually every type of entity, i.e. privately-held, publicly-held, governmental, charitable, NPO, NGO, etc.;</li> <li>The only codified methodology applicable to the US and global financial community;</li> <li>The only codified methodology that comprises an embedded training tool for beginning, intermediate and advanced financial professionals;</li> <li>The only codified methodology suitable for immediate adoption as firm-wide and agency-wide best practices technical and training standards.</li> </ul> <p>The great majority of the content has not been previously assembled and published, and duplication of other publications has been purposely avoided to prevent redundancy.</p> <p>The two principal authors have trained literally thousands within the financial community in various aspects of the content during the last several years. The attendees have included virtually all entity types, including federal, state and local government and law enforcement, e.g. SEC, FBI. The feedback has been universally positive and prompted the construction of this book. The contributing authors include public and private practice, attorneys, academics, law enforcement, and publicly-held and privately-held financial professionals. They are practitioners first and foremost and heavily experienced in instructional settings.</p>
<p>Preface xi</p> <p>Acknowledgments xv</p> <p>Introduction 1</p> <p>What Is a Methodology? 1</p> <p>Why Was This Book Written? 4</p> <p>How to Use This Book 10</p> <p>About the Book’s Website 10</p> <p>How This Book Is Organized 11</p> <p><b>PART ONE </b><b>Financial Forensics Tools, Techniques, Methods, and Methodologies</b></p> <p><b>CHAPTER 1 Foundational Phase 21</b></p> <p>Assignment Development Stage 21</p> <p>Scoping Stage 36</p> <p>Conclusion 54</p> <p><b>CHAPTER 2 Interpersonal Phase 55</b></p> <p>Interviews and Interrogation Stage 56</p> <p>Behavior Detection 62</p> <p>Background Research Stage 73</p> <p>Conclusion 77</p> <p><b>CHAPTER 3 Data Collection and Analysis Phase: Part I 79</b></p> <p>Data Collection Stage 79</p> <p>Surveillance Stage 111</p> <p>Confidential Informants Stage 114</p> <p>Undercover Stage 117</p> <p>Laboratory Analysis Stage 119</p> <p>Confirmation Bias: Clinical Thinking 122</p> <p>Aberrant Pattern Detection: What’s the Difference? 131</p> <p>Forensic Lexicology: How to Analyze Words Like Numbers 150</p> <p>Conclusion 172</p> <p><b>CHAPTER 4 Data Collection and Analysis Phase: Part II 173</b></p> <p>Analysis of Transactions Stage 173</p> <p>The Myth of Internal Control 175</p> <p>Financial Statements—Written Confessions 181</p> <p>60-Second Method 185</p> <p>Forensic Indices 204</p> <p>Forensic Financial Analysis 212</p> <p>Conclusion 252</p> <p><b>CHAPTER 5 Data Collection and Analysis Phase: Part III 255</b></p> <p>FSAT—Financial Status Audit Techniques 255</p> <p>Applying Digital Analysis Techniques in Financial Forensics Investigations 270</p> <p>Valuation & Forensics—Why & How 287</p> <p>Valuation’s Orphan 294</p> <p>Conclusion 314</p> <p><b>CHAPTER 6 Trial and Reports Phase 315</b></p> <p>Trial Preparation Stage 315</p> <p>Testimony and Exhibits 318</p> <p>Weapon (WPN) 320</p> <p>Reports and Exhibits: Tips and Techniques 325</p> <p>Post-Assignment 333</p> <p>Conclusion 334</p> <p><b>PART TWO </b><b>Financial Forensics Special Topics</b></p> <p><b>CHAPTER 7 Counterterrorism: Conventional Tools for Unconventional Warfare 337</b></p> <p>Stop the Money—Stop the Terrorists 337</p> <p>Civil Tools Used by Federal Law Enforcement 338</p> <p>The Civil Statutes as Counterterrorism Weapons 339</p> <p>Why Use Civil Laws in Addition to Criminal Laws? 341</p> <p>Discussion of Alter Ego 343</p> <p>Alter Ego Literature 348</p> <p>Alter Ego Jurisdictional Examples 358</p> <p>The Challenges of Alter Ego Investigation 361</p> <p>Fraudulent Transfer 372</p> <p>Solvency 374</p> <p>Forensic Accounting Techniques 378</p> <p>Alter Ego, Fraudulent Conveyance, and Solvency Matters in Action 384</p> <p>What Target-Rich Scenarios Can Be Exploited? 386</p> <p>Forensic Accounting: Counterterrorism Weaponry 391</p> <p>Financial Statements—The Sources of Data 395</p> <p>When Financial Statements Contain Laundered Money 403</p> <p>When No Records Have Been Prepared by the Terrorist 408</p> <p>Summary of Forensic Accounting Observations 413</p> <p>A Forensic Accounting Methodology to Support Counterterrorism 415</p> <p>Summary 421</p> <p>Conclusion 423</p> <p><b>CHAPTER 8 Civil versus Criminal Law Comparison 445</b></p> <p>Comparison 457</p> <p>What If You Suspect Embezzlement?—The Three Big <i>Don’ts </i>and Several <i>Do’s </i>457</p> <p>Conclusion 469</p> <p>Appendix</p> <p>Forensic Inventory: Forensic Tools, Techniques, Methods, and Methodologies 471</p> <p>Bibliography 517</p> <p>About the Authors and Contributors 521</p> <p>Index 529</p>
<p><b>DARRELL D. DORRELL, CPA, ABV, MBA, ASA, CVA, DABFA, CMA,</b> is a principal and founding partner of financialforensics<sup>®</sup>. He is a nationally recognized expert witness, speaker, and author and has trained many organizations in twenty-four U.S. states, Canada, and Puerto Rico, including the FBI, U.S. Department of Justice, SEC, Bankruptcy Bar Association, AICPA, NACVA, IMA, PricewaterhouseCoopers, and thirteen state CPA societies. He authored nearly seventy technical articles in nearly two dozen professional journals and coauthored "Counterterrorism: Conventional Tools for Unconventional Warfare" and "Forensic Accounting: Counterterrorism Weaponry" for the U.S. Department of Justice. <p><b>GREGORY A. GADAWSKI, CPA/ABV, CFE, CIRA, CVA,</b> is a principal and founding partner of financialforensics<sup>®</sup>, with over fifteen years of professional experience. He is a recognized expert witness in state and federal courts in both civil and criminal matters. He has contributed to several professional journals and coauthored "Counterterrorism: Conventional Tools for Unconventional Warfare" and "Forensic Accounting: Counterterrorism Weaponry" for the U.S. Department of Justice.
<p><b>The most definitive and comprehensive guide to financial forensics and forensic accounting known to exist</b> <p>Financial forensics and forensic accounting have become household terms, thanks to extensive media coverage of high-profile corporate failures, institutional collapses, and profligate government spending. The general public, investors, and decision makers have lost confidence in all manner of financial data and lack the tools to critique its content. Despite the chronic and compelling need for financial forensics expertise, the financial profession has yet to embrace or even offer a cogent and comprehensive forensic accounting tools–based methodology. That deficiency has plagued our economy . . . until now. <p><i>Financial Forensics Body of Knowledge</i> is the most all-inclusive guide to forensic accounting available to date. It provides a one-stop source of financial forensics tools, techniques, methods, and methodologies that captures and codifies the myriad methods that define the profession's body of knowledge. Most of the content has never been previously published. <p>Part One features a foundational interactive Forensic Accounting/Investigation Methodology, as well as more than 250 +/- tools, techniques, methods, and methodologies applicable to virtually any large or small financial matter, whether civil, criminal, or dispute. Part Two explores Special Topics, including forensic accounting as a counterterrorism weapon, comparative civil and criminal law processes in financial forensics, and specific advice for anyone encountering a potential embezzlement in an organization. <p><i>Financial</i> <i>Forensics Body of Knowledge</i> explainshow to use: <ul> <li> Aberrant pattern detection</li> <li> Background search</li> <li> BIC analysis</li> <li> Confirmation bias avoidance</li> <li> RO testing</li> <li> Document map</li> <li> Expectations attributes</li> <li> Forensic financial analysis</li> <li> Forensic lexicology</li> <li> Forensic timeline</li> <li> FSAT</li> <li> Genograms</li> <li> ICE/SCORE<sup>©</sup></li> <li> Interviewing and interrogation</li> <li> Investigative websites</li> <li> Kinetic communications</li> <li> Likert/MUA analysis</li> <li> Stylometry</li> <li> Valuation and forensic techniques</li> <li> 60-second method</li> </ul> <p>The book also features a companion website where readers can find reports and samples illustrating the situations and methodologies discussed throughout. Twelve different financial forensics reports from actual assignments are available through the website for download and application. In addition, an optional subscription-based Internet-resident software application supports the methodology, with continual updates, enabling you to put information to use immediately and stay abreast of changes in the field. It includes substantial downloadable tools, techniques, methods, and methodologies. <p>Written for all financial information originators, users, regulators—and anyone who relies upon financial information—<i>Financial Forensics Body of Knowledge</i> provides you with all the tools and guidance you need to tackle every assignment more efficiently and effectively.

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