This book covers every aspect of forensic accounting, anti-fraud control systems, and fraud investigations. The author uses his own case experience to guide the reader through each phase of a forensic accounting assignment and fraud investigation. The book opens with an explanation of what happened to a company that was ensnared in a huge commodity purchasing scheme. Using his knowledge and experience gained over 40 years, the author illustrates that unexpected fraud occurrences can happen to any company, in any industry. Additionally, the author explains the current white-collar crime threats that organizations face every day, as well as legal issues that are often implicated in forensic accounting and fraud investigation projects.
Electronic and non-electronic evidence gathering is also covered in detail with illustrative examples. One chapter is devoted entirely to the often misunderstood, but extremely important, subject of witness interviews. It provides the correct approach to the analysis and correlation of evidence in determining findings and conclusions of an investigation. Another chapter is devoted to proper report writing. The author provides detailed guidance on presenting findings to a variety of audiences, including management, a board, law enforcement, and at trials and hearings. It also covers proper techniques for measuring economic damages and concludes with a useful index.
William L. Jennings is a Senior Director at Delta Consulting Group. He is responsible for providing forensic accounting, investigation, and asset recovery services to corporations, government agencies, attorneys, and their clients, as well as business controls consulting services to organizations. With more than 40 years of experience in public accounting and auditing, forensic accounting, business valuation, investigation, asset recovery, and business controls development, Mr. Jennings has worked on hundreds of forensic accounting and investigation assignments and he provides expert testimony.
Table of Contents
1. What Are You Up Against? A Bigger Problem Than Most People Realize!
2. An Ounce of Prevention
3. The Ounce of Prevention Didn't Work; Now What?
4. Conducting an Effective Preliminary Investigation
5. Beginning the Investigation
6. Legal Issues
7. Gathering Information and Evidence
8. Interviewing Witnesses
9. Conducting a Forensic Analysis of the Evidence
10. Documenting Findings, Forming Conclusions and Writing the Investigation Report
11. Quantification of Economic Damages
12. Presenting Findings and Conclusions Internally
13. Presenting Findings and Conclusions to Law Enforcement
14. Presenting Evidence at Trial
William L. Jennings is the Managing Member of Verite’ Forensic Accounting, LLC. He is responsible for providing forensic accounting, investigation and asset recovery services to corporations, government agencies, attorneys, and their clients, as well as, business controls consulting services to organizations. When required, he also provides expert testimony about the results of his work. With more than 40 years of experience in public accounting and auditing, forensic accounting, business valuation, investigation, asset recovery and business controls development; Mr. Jennings has worked on hundreds of forensic accounting and investigation assignments. Mr. Jennings has led several Audit Committee Investigations for large public companies. Mr. Jennings was also Ernst & Young’s testifying expert on the issue of fraud in the Cendant litigation. Mr. Jennings has also been retained to conduct investigations by the Securities and Exchange Commission, the Justice Department and the U.S. Marshals Service. Mr. Jennings has worked directly for two Deputy Attorney Generals of the United States, as well as, the current Director of the Federal Bureau of Investigation. Mr. Jennings’ Work has been written about in publications such as Crain’s. He is a CPA/ABV, CFF, CFE and a licensed private detective in Illinois. Mr. Jennings is also a private pilot. Mr. Jennings is a frequent speaker to groups of internal auditors and business leaders.