Forensic and Investigative Accounting (9th Edition)

Forensic and Investigative Accounting (9th Edition)

Authors: Edmund D. Fenton, G. Stevenson Smith, Lester E. Heitger, D. Larry Crumbley

A complete and readily teachable text on today's most timely accounting topics. Written by top accounting and forensic teachers, this text covers all the important underpinnings, as well as the substance of forensic accounting. It covers both litigation support and investigative accounting, examining the practical aspects of these two areas, as well as many of the newer technological areas.

Explains and demonstrates how an effective forensic accountant needs a solid understanding of accounting, investigative auditing techniques, criminology, and courtroom procedures, as well as excellent communications skills, both written and oral. In today's litigious and highly regulated climate, all accountants– external, internal, forensic consultants, and corporate accountants–must possess this knowledge base and develop these techniques. This intriguing text provides unparalleled guidance to help develop the mindset and the skillset to meet the evolving challenges facing accountants today.

The 9^th Edition includes new fraud schemes, numerous new eyewitness and spotlight stories, and new forensic techniques and tools, such as timeline analysis, link analysis, invigilation, genograms, proof of cash, entity charts, and full-and-false inclusion tests. This edition brings the reader up to date with the latest cybercrime activity and cases, and it documents the latest corruption schemes and explains how to find and prevent them.

Table of Contents

Forensic and Investigative Accounting is presented in 18 Chapters divided into five Parts, beginning with a discussion of fundamental concepts and culminating in a real-world case study that ties the elements together.

PART ONE: THE FIELD AND PRACTICE OF FORENSIC ACCOUNTING

• Chapter 1– Introduction to Forensic and Investigative Accounting
• Chapter 2 – Forensic Accounting Education, Institutions and Specialties.

PART TWO: UNCOVERING ACCOUNTING CRIME

• Chapter 3 – Fraudulent Financial Reporting
• Chapter 4 – Detecting Fraud in Financial Reporting.
• Chapter 5 – Employee Fraud: The Misappropriation of Assets.
• Chapter 6 – Indirect Methods of Reconstructing Income.
• Chapter 7 – Money Laundering and Transnational Financial Flows.

PART THREE: COURTROOM PROCEDURES AND LITIGATION SUPPORT

• Chapter 8 – Litigation Services Provided by Accountants
• Chapter 9 – Proper Evidence Management.
• Chapter 10 – Commercial Damages.
• Chapter 11 – Litigation Support in Special Situations.
• Chapter 12 – Computing Economic Damages.

PART FOUR: CYBERCRIME

• Chapter 13 – Computer Forensics: A Brief Introduction.
• Chapter 14 – Internet Forensic Analysis: Profiling the Cyber Criminal.
• Chapter 15 – Cybercrime Management: Legal Issues.
• Chapter 16 – Cybercrime Management: Loss Valuations.

PART FIVE: BUSINESS VALUATIONS

• Chapter 17–Business Valuation.

PART SIX: FORENSIC CAPSTONE ILLUSTRATION

• Chapter 18–Forensic Accounting in Action.