How to Find Fraud and Corruption: Recipes for the Aspiring Fraud Detective, 1st Edition (Hardback) book cover

How to Find Fraud and Corruption

Recipes for the Aspiring Fraud Detective, 1st Edition

By Nigel Iyer

Routledge

272 pages | 37 B/W Illus.

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Hardback: 9781138742451
pub: 2019-10-28
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Description

In a typical working environment in which "fraud and corruption" is as normal as a headache or as common as a cold, everyone across the organization has a role to play in finding and deterring fraudsters. Despite universal acknowledgement that these things may be illegal but still prevalent, managers still treat them as 'someone else's problem or something that happens to other businesses, not ours’. This book shows, in simple terms, how everybody can become a successful fraud detective. In a series of proven and easy-to-follow recipes you are shown how to find the tell-tale signs of fraud and corruption and work with your colleagues to deal with it smartly, keeping the organisation you work for, healthy and clean.

The skills taught in this book are based on over 20 years’ experience of successfully finding and dealing with fraud and corruption, all around the world. The author offers wayfinding techniques for identifying and recognizing common frauds such as: suppliers who charge too much; sharp business partners and consultants who are taking you for a ride; customers who take but prefer not to pay. It also shows you how to spot and unravel more complex but equally serious and common frauds: hidden connections to dirty money centres (the illegitimate side of tax havens); bribes paid as a shortcut to get business; creative numbers fraud (inflation of sales figures or suppression of costs); conflicts of interest involving individuals inside or outside the business. You can also immerse yourself in the embedded novelette "The Fraud Detectives" (based on a real case) which illustrates a fraud detective’s challenges, be they a reluctant whistleblower, someone who cannot turn a blind eye even if they would prefer to, and even the accused.

Accessible and practical, it is for everyone who wants to stop fraud including those working in accounting and finance, management, specialist functions such as audit, compliance and security, and anyone else who aspired to be a fraud detective and stop fraud and corruption.

Table of Contents

How to use this book, Dedications and acknowledgements, A personal note from the author, Part 1: Fraud and Corruption…made simple, 1. What is a Fraud Detective and how can I become one? , 2. Demystifying Fraud and Corruption, 3. Turning a problem into an opportunity, Part 2: Recipes for the aspiring Fraud Detective, 4. Three basic example of recipes to detect red flags , 5. Thinking like a thief – Recipes on how to out-think the fraudster and predict where your organisation is being defrauded, 6. Seven Classic Recipes to discover Fraud and Corruption, i. Suppliers which take you for a ride, ii. Dirty Money, iii. False Figure Frauds, iv. Customers who are taking advantage of you, v. Consultants, middlemen, agents and opportunists, vi. Payment of bribes and false, vii. Detecting an over-developed sense of entitlement, 7. Follow the money and find fraud fast! Part 3: Don’t panic – there is always a way to resolve things! 8. What to do when you think you may have found fraud, 9. Resolving fraud and corruption and restoring normality with minimal panic and maximum humanity, 10. Good news for Management: Defence against the commercial "dark arts" and how to get the best out of your own fraud detectives, N. Novelette – "The Fraud Detectives", Index

About the Author

Nigel Iyer is a partner at the fraud advisory firm Hibis and has over 20 years experience in detecting and preventing fraud. A computer scientist and a qualified chartered accountant, Nigel is also a recognised dramatist and has written a number of educational films and plays based on his experiences, many of which are used in teaching worldwide. He is author of several books, including Fraud and Corruption: Prevention and Detection; The Tightrope and A Short Guide to Fraud Risk. Nigel teaches on fraud and corruption and is a fellow of the University of Leicester, School of Management.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS003000
BUSINESS & ECONOMICS / Auditing
BUS027020
BUSINESS & ECONOMICS / Finance / Financial Risk Management
BUS104000
BUSINESS & ECONOMICS / Corporate Governance
SOC004000
SOCIAL SCIENCE / Criminology