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Forensic Accounting For Dummies, by Frimette Kass-Shraibman, Vijay S. Sampath
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A practical, hands-on guide to forensic accounting
Careers in forensic accounting are hot-US News & World Report recently designated forensic accounting as one of the eight most secure career tracks in America., Forensic accountants work in most major accounting firms and demand for their services is growing with then increasing need for investigations of mergers and acquisitions, tax inquiries, and economic crime. In addition, forensic accountants perform specialized audits, and assist in all kinds of civil litigation, and are often involved in terrorist investigations. Forensic Accounting For Dummies will track to a course and explain the concepts and methods of forensic accounting.
- Covers everything a forensic accountant may face, from investigations of mergers and acquisitions to tax inquiries to economic crime
- What to do if you find or suspect financial fraud in your own organization
- Determining what is fraud and how to investigate
Whether you're a student pursuing a career in forensic accounting or just want to understand how to detect and deal with financial fraud, Forensic Accounting For Dummies has you covered.
- Sales Rank: #402313 in Books
- Published on: 2011-02-08
- Original language: English
- Number of items: 1
- Dimensions: 9.20" h x .80" w x 7.40" l, 1.24 pounds
- Binding: Paperback
- 384 pages
From the Back Cover
Learn to:
- Grasp the concepts and fundamentals of forensic accounting
- Understand how financial fraud occurs and what to do if you suspect it in your own organization
- Pursue a career in this growing field
A practical, hands-on guide to forensic accounting
Forensic accountants investigate economic crimes, perform risk assessments, assist in all kinds of civil litigation, and provide expert testimony. If you're pursuing a career in this exciting field or just want to understand how to detect and deal with financial fraud, this hands-on, friendly guide gives you plain-English explanations of the concepts and methods of forensic accounting.
- Forensic accounting 101 — get the scoop on who seeks out the services of a forensic accountant and the many types of services you'd be expected to provide
- Who's cooking the books? — discover the types of fraud that take place within a business, from financial statement fraud to inventory fraud
- Can't always bank on friendship — find out how forensic accountants help victims of fraud perpetuated by friends, family members, neighbors, and business partners
- Put on your investigator's hat — detect the perpetrators of fraud and their methods by using the latest technology and investigative tools
Open the book and find:
- The most common fraud schemes
- Frauds committed against businesses and individuals
- How to spot and uncover financial statement fraud
- Tips for identifying altered revenue statements
- A detailed look at the litigation process
- Ways to identify electronic scams
- Stories of real fraud cases, some nearly unbelievable
- Job opportunities with the IRS and FBI
About the Author
Frimette Kass-Shraibman is Associate Professor of Accounting at Brooklyn College — CUNY. Vijay S. Sampath is Managing Director in the Forensic and Litigation Consulting business segment of FTI Consulting, Inc.
Most helpful customer reviews
25 of 25 people found the following review helpful.
Great for Students But Needs Some Updating
By Michael Gallagher
To start off, I am a CPA with 20 years of professional experience so I do have a little bit of a background with the topics in this book. I found a lot of it interesting and some of it understandably basic considering my background but not a detriment to this book.
I think the authors do a great job providing high-level examples of the types of fraud that can occur as well as specific examples they or associates of theirs have run across in their careers. Nothing beats hearing the war stories of the type of company, type of fraud, how the fraud was pulled off and, ultimately, how the perpetrator was caught.
If you are a student in high school or college (or thinking about college) and not sure of what you may want to do or doing investigations of various career paths armed with an accounting degree, I would highly recommend this book. You will probably need to have a slight bit - but not much - of an understanding of accounting, but you certainly don't need to understand intricate debits and credits.
One of the advertisements on the back covers says "detect the perpetrators of fraud and their methods by using the latest technology and investigative tools." That's largely misleading as while the book has a plethora of examples, many of them are dated such as the stores that still use pneumatic tubes for cash receipts and many other cash-intensive examples. With the majority of today's transactions occurring with a credit card, the authors may want to consider a refresh of some of the examples cited.
All-in-all, I think this is a very good overview of the field and should help some students out in their career choices, but not so informative for really learning the latest techniques and fraud occurring in today's society.
4 of 4 people found the following review helpful.
Good supplement to accounting classes.
By Bearcat
I would imagine most reviewers of this book will be acccountants, as I am. That being said I don't know if you can really "dumb down" the accounting side of things enough for non-accountants but this dummies book does an admirable job. I found it to be an interesting read with some decent examples. It will NOT replace any of your accounting classes in college but it is a good book to read, especially if you are going into the auditing field. Forensic accounting is a hot job due to all the financial fraud that has occurred over the past several years and you could do worse than to read this book for a foundation related to this type of work.
3 of 3 people found the following review helpful.
A quality book for "dummies"
By Amazon Customer
I ordered this book for my sister, who is interested in the forensic accounting field. Like the other "For Dummies" books, this is an easy to understand, basic guide that gives a lot of general information broken down in language the average person can easily understand. The book has a humorous side and also offers key definitions and helpful tips that are called out throughout. I think students or people who are interested in learning more about the field of forensic accounting will definitely benefit from this book. Those who have a deeper knowledge of the subject area should seek a more advanced book, however.
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