Financial Investigation and Forensic Accounting: 3rd Edition (Hardback) book cover

Financial Investigation and Forensic Accounting

3rd Edition

By George A. Manning, Ph.D, CFE, EA

CRC Press

792 pages | 21 B/W Illus.

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Hardback: 9781439825662
pub: 2010-12-01
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Description

As economic crimes continue to increase, accountants and law enforcement personnel must be vigilant in expanding their knowledge of ways to detect these clandestine operations. Written by a retired IRS agent with more than twenty years of experience, Financial Investigation and Forensic Accounting, Third Edition offers a complete examination of the current methods and legal considerations involved in the detection and prosecution of economic crimes.

Explores a range of crimes

Following an overview of the economic cost of crime, the book examines different types of offenses with a financial element, ranging from arson to tax evasion. It explores offshore activities and the means criminals use to hide their ill-gotten gains. The author provides a thorough review of evidentiary rules as well as the protocol involved in search warrants. He examines the two modalities used to prove financial crime: the Net Worth Method and the Expenditure Theory, and presents an example scenario based on real-life incidents.

Organized crime and consumer fraud

Additional topics include organized crime and money laundering — with profiles of the most nefarious cartels — consumer and business fraud and the different schemes that befall the unwary, computer crimes, and issues surrounding banking and finance. The book also presents focused and concrete advice on trial preparation and specific accounting and audit techniques.

New chapters in the third edition

New material enhances this third edition, including new chapters on investigative interview analysis and document examination, as well as advice for fraud examiners working on private cases, including the preparation of an engagement letter.

For a successful prosecution, it is essential to recognize financial crime at its early stages. This practical text presents the nuts and bolts of fraud examination and forensic accounting, enabling investigators to stay ahead of an area that is increasingly taking on global importance.

Table of Contents

Economics of Crime

Financial Crimes

Offshore Activities

Evidence

Net Worth Theory

Expenditure Theory

Scenario Case

RICO Net Worth Solution

Tax Net Worth Solution

RICO Expenditure Solution

Tax Expenditure Solution

Organized Crime

Trial Preparation and Testimony

Accounting and Audit Techniques

Sources of Information

Wagering and Gambling

Fraud Prevention for Consumers

Fraud Prevention for Business

Money Laundering

Interviewing

Investigative Interview Analysis

Banking and Finance

Reports and Case Files

Audit Programs

Seizures and Forfeitures

Judicial System

Criminology

Physical Security

Search Warrants

Computer Crimes

Document Examination

Fraud Examiner

Appendix A Federal Reserve Districts

Appendix B Money Laundering Acronyms

Appendix C Internet Sources of Information

Appendix D Internet Country Codes

Appendix E Glossary of Common Internet Terms

Appendix F Engagement Letters

About the Author

Dr. George A. Manning, PhD, CFE, EA, is a retired fraud examiner, forensic accountant, and expert/summary witness for the Internal Revenue Service. He has a bachelor’s degree in Business Administration from the University of Miami and holds MS and PhD degrees in Criminal Justice Administration from Lynn University, in Boca Raton, Florida. A Certified Fraud Examiner, he has worked with various federal, state, and local law enforcement agencies and has 22 years of experience in the fraud investigation and forensic accounting field. He currently does consulting and works as an adjunct professor.

Subject Categories

BISAC Subject Codes/Headings:
BUS027000
BUSINESS & ECONOMICS / Finance
COM053000
COMPUTERS / Security / General
LAW041000
LAW / Forensic Science