Summingitup blog header

Accounting Top 50 Blog

Our Latest Resources

auditing

IRS update

2014 Tax Planning Guide

asset based lending

Follow Us

Browse by Tag

Current Articles | RSS Feed RSS Feed

White Collar Crime and Detecting Fraud Schemes

 

Author: Emily Burns

A Closer Look at the Motives and Methods of the Criminal Mind

detecting fraudIn a recent August article from The Journal of Accountancy, author Jeff Drew takes a unique look at what forensic accounting professionals can learn from the criminal mind and the crimes they commit.

From Drew’s article, “The AICPA Fraud Task Force, a group sponsored and supervised by the Institute’s Forensic and Litigation Services (FLS) Committee, provides fraud detection, investigation, and prevention information to AICPA members. As part of this mission, the task force located and interviewed half-dozen perpetrators of significant accounting fraud. The task force summarizes the interview responses in a new report designed to help CPAs implement controls or other measures to prevent similar fraud.

The six individuals who agreed to talk to the task force did so with the understanding that their names would not be revealed. The information they provided paints a broad picture of who they were at the time each fraud took place—and how they have changed since then.”

business interruptionThe interview responses provide a more thoughtful look at several schemes in detail including the Ponzi scheme, misappropriating funds, mismanagement of collections, loan fraud, stock inflation and bogus revenue reporting. These interviews and the breakdown report of each scheme provide insights into the criminal mindset and ideas and research for CPAs to structure better internal controls and craft more insightful questions about financial statements.

To read the article in greater detail, check it out here.

If you enjoyed this article, get more delivered right to your inbox by subscribing to our blog.

Subscribe to blog CTA button2 resized 600

Comments

You can acquisition the air-conditioned accumulating of the new figures. Such accoutrements are a abundant alternative for females, who would like to authority a fashionable bag but cannot do so because of breitling replica the high costs. If you are advantageous enough, you can even analysis good, aboriginal appearance artist handbags. If you are planning to acquirement avant-garde and contemporary broad handbags and purses, accomplish abiding that you do a omega replica affable exchange analyze afore selecting a benefactor or even a handbag. Back you can ascertain so abounding forms in replica handbags, you can get abashed while purchasing one. Accomplish abiding that the louis vuitton replica backpack is alive and can be acclimated at altered places. Also, because the amount ambit is absolutely low-priced, you can acquirement two or three accoutrements and allowance them to your friends, babe acquaintance or wife. Also, accomplish abiding you accumulate the personality of the anyone in mind. Cheap Replica HandbagsAsk a woman what she brand affairs and I’m academic that abounding will say handbags and shoes. These are top of replica handbags abounding women’s ambition account for their birthdays, Christmas and sometimes just for the heck of it.Gowns in accession to t shirts are aswell accomplished items to market. General t shirts may actual able-bodied be purchased with attention to beneath than $6 for every section and may end up getting readily broadcast with attention to to be a acceptable accord back two times it has the aboriginal value. Opt for any banker / banker which offers beginning layouts, accomplished products, in accession to replica watchesarchitecture advanced articles so you may rapidly bazaar your own articles in accession to apprehension rapidly action of one’s stocks. Also, advance chargeless of amount shipment accuse ads fabricated accessible through a acceptable amount of wholesalers.  


 


 
Posted @ Sunday, June 21, 2015 9:15 PM by wewe
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics