Forensic Accounting and Fraud Investigation for Non-Experts
Chapter One
Fraud in Society
"Yes! Finally captured Martha Stewart. You know, with all the massive
and almost completely unpunished fraud perpetrated on the American
public by such companies as Enron, Global Crossing, Tyco and Adelphia,
we finally got the ringleader. Maybe now we can lower the nation's
terror alert to periwinkle."
WHAT IS FRAUD?
Fraud is an activity that takes place in a social setting and has severe consequences
for the economy, corporations, and individuals. It is an opportunistic
infection that bursts forth when greed meets the possibility of deception.
The fraud investigator is like the attending physician looking and listening for
the signs and symptoms that reveal an outbreak.
The Association of Certified Fraud Examiners defines occupational fraud
as: "The use of one's occupation for personal enrichment through the deliberate
misuse or misapplication of the employing orga ... read full excerpt from Forensic Accounting and Fraud Investigation for Non-Experts ebook
