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 t
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.
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.