The Auditor's Guide to Forensic Accounting Investigations

Section 1. Introduction to Forensic Accounting and Fraud.
1. Fraud: An Introduction.
2. Roles of the Auditor and the Forensic Accounting Investigator.
3. The Psychology of the Fraudster.
4. Fraud and the Capital Markets.
5. Enron and WorldCom.
6. The Expectations Gap and the Law: Toward Expanded Auditor Responsibility and Liability.
7. Independence, Objectivity, Skepticism.
8. Forensic Investigations and Financial Audits: Compare and Contrast.

Section 2: The Auditor's Role
9. Red Flags and Fraud Detection Techniques.
10. Internal Audit: The Second Line of Defense.
11. Financial Statement Fraud: Revenue and Receivables. 171
12. Financial Statement Fraud: Other Schemes and Misappropriations. 205
13. When to Call in Forensic Accounting Investigators. 223
14. Teaming with Forensic Accounting Investigators. 235
15. Common Missteps: What auditors and executives should not do when fraud is suspected. 251
16. Investigative Techniques. 267

Section 3: The Forensic Accounting Investigator's Role.
17. Anonymous Letters.
18. Background Investigations.
19. The Art of the Interview.
20. Analyzing Financial Statements.
21. Data Mining: Computer-Aided Forensic Accounting Investigation Techniques.
22. Building a Case: Gathering and Documenting Evidence.
23. Making a Criminal Referral.
24. Report of Investigation.
25. Working with Attorneys.
26. Conducting Global Investigations.
27. Money Laundering.
28. Other Dimensions of Forensic Accounting.

Section 4: A Look to The Future.
29. Looking Forward: The Future of Forensic Accounting.

Thomas W. Golden, CPA, CFE. specializes in providing consulting and expert witness testimony in both civil and criminal matters with special expertise in forensic accounting, fraud investigation, and financial statement accounting. He is a former Chairman of the Board of Regents for the Association of Certified Fraud Examiners and the current President of the Better Government Association, a citizen watchdog group in Chicago, IL. Mr. Golden is an adjunct professor at DePaul University.

Steven L. Skalak, CPA, is the National Practice Leader for PwC Investigations & Forensic Services of PricewaterhouseCoopers LLP. He has participated in a variety of corporate investigations relating to allegations that the Securities and Exchange Acts were violated, and of accounting or auditing improprieties. Steve has represented Audit Committees, Directors, Officers, Auditors, and Companies in class action litigation with shareholders and SEC investigations.

Mona M. Clayton, CPA, CFE, specializes in international fraud investigations with particular emphasis in Latin America where she has conducted investigations. She has designed investigative practice aids providing for consistent methodologies to be incorporated across common scheme investigations. Ms Clayton is an adjunct professor at DePaul University.