Fraud Prevention and Detection: Warning Signs and the Red Flag System

ISBN-13: 9780367867324 / Angielski / Miękka / 2019 / 316 str.

Rodney T. Stamler; Hans J. Marschdorf; Mario Possamai

Opis

This volume enables officers and directors to protect themselves and their entities against fraud by effectively detecting, analyzing, and acting before any damage can be done.

Recenzje

"Fraud mitigation, timely detection, and thorough investigation are crucial elements for asset and brand protection. This book seeks to provide a foundation to recognize fraud during its incipient stages and identify actions to stop it. The authors have collectively leveraged their extensive international investigative experience into an exceptional resource…Any corporate leader or investigator should strongly consider adding this book to their library."
—ASIS Dynamics, March/April 2015

Spis treści

An Introduction to the Red Flag System. Fraud 101: A Primer. The Dynamics and Root Causes of Fraud. The Red Flag System. Financial Statement Fraud. Red Flags for Financial Statement Fraud. Procurement Fraud. Procurement Fraud Methods and Red Flags. Bribery and Corruption. Fraud and Money Laundering. High-Risk Corporate Activities and Market Manipulation. Pyramid Schemes. Fraud and the Absence of Good Governance. The Board of Directors and Its Responsibility to Safeguard the Organization. Enterprise Risk Management, Fraud Risk Management, and Compliance Risk Management. The Board of Directors—First Line of Defense against Fraud and Corruption. Screening, Scrutinizing, and Investigating Red Flags. Appendix A: Summary of Red Flags. Appendix B: Glossary. Index.

O autorze

Rodney T. Stamler is a former assistant commissioner of the Royal Canadian Mounted Police (RCMP). His major cases included chasing the hidden assets of the late Romanian dictator Nicolae Ceausescu in the early 1990s; investigating the $1 billion Bre-X mining scandal in Indonesia, the world’s largest gold mining fraud; and investigating a massive, multinational procurement fraud at a Fortune 100 multibillion-dollar corporation. He served as a special advisor to the United Nations in the development of the international convention against laundering the proceeds of illicit drug trafficking. He is often called to provide advice and counsel on corporate governance matters.

Hans J. Marschdorf is a leading international forensic accountant who has conducted financial investigations for the past 23 years around the world, ranging from multinational corruption and procurement fraud investigations to money laundering investigations, investigations of elaborate Ponzi schemes, and frauds involving structured financial products. His experience includes a position as pan-European leader of a forensic services practice in a Big 4 professional services firm. He now practices as a financial crime investigator from Greater Toronto, Ontario.

Mario Possamai is a senior fraud professional at a major Canadian financial institution and has managed complex fraud, asset recovery, and corruption investigations in North America, Europe, and Africa for more than two decades. A member of the Bre-X investigative team in Indonesia, he also provided forensic financial consulting services to the director of public prosecutions in a southern African country in the mid-1990s; was an expert witness for the Department of Justice in Canada on money laundering; and was senior advisor to Superior Court Justice Archie Campbell, who headed the judicial inquiry into the SARS outbreak in 2003.