ABSTRACT

Fact: Barings was an excellent company, with professional managers. Their careers were devastated by fraud. How many other managers are now in the same position without knowing it? Fact: The average company loses between 2 per cent and 5 per cent of its turnover as a result of dishonesty. When Mike Comer’s book first appeared it quickly established itself worldwide as the standard work in its field. This third edition is a radical revision reflecting the world of EDI, electronic commerce, derivatives, computerization, empowerment, downsizing and other recent developments. Ironically, many of these have exposed companies to an alarming range of new risks. With the help of real-life case histories the author identifies the main types of fraud, the circumstances in which they occur and the telltale signs that give them away. He examines internal control systems and the attitudes and practices that allow fraud to flourish. He explains in detail how fraud can be prevented and detected, and shows why it is that many fashionable management techniques can also potentially pave the way to corporate disaster.

part |4 pages

Part I: The Nature of Corporate Fraud

chapter 1|22 pages

Attitudes and misconceptions

chapter 2|22 pages

Categories and theories

chapter 3|38 pages

How fraud is concealed

chapter 4|24 pages

Theft and conversion

chapter 5|30 pages

High-risk areas I

chapter 6|22 pages

High-risk areas II

chapter 7|36 pages

High-risk areas III

chapter 8|32 pages

Computer-related fraud

part |4 pages

Part II: Detecting Corporate Fraud

chapter 9|8 pages

Critical point auditing

chapter 10|30 pages

Auditing purchases and payments

chapter 11|30 pages

Auditing other functions

part |4 pages

Part III: Investigating Corporate Fraud

chapter 12|44 pages

Background to investigation

chapter 13|52 pages

The skills of interviewing

chapter 14|46 pages

A framework for investigating

part |4 pages

Part IV: Controlling Corporate Fraud

chapter 15|64 pages

Principles and policies

chapter 16|26 pages

Problems with personnel

chapter 17|34 pages

Company-wide control

part |2 pages

Appendices

chapter |6 pages

A Audit committee terms of reference

chapter |8 pages

B Specimen security policy

chapter C|60 pages

Control tools and glossary

chapter |10 pages

D Information classification