Financial Fraud Prevention and Detection: Governance and Effective Practices
- 5h 57m
- Michael R. Young
- John Wiley & Sons (US)
- 2014
In the wake of highly publicized allegations of accounting irregularities and fraudulent financial reporting that are shaking up today's corporate community, Financial Fraud Prevention and Detection provides a step-by-step guide to how these crises can envelop a company and how to prevent them from happening in the first place. It is written for almost everyone involved: outside directors, audit committee members, senior executives, CFOs, CPAs, in-house lawyers, and outside law firms.
- Provides a blueprint for Fraud Prevention and Detection for corporate executives
- Presents step-by-step guidance to corporate boards and C-suite executives on managing the threat of accounting fraud
- Prepares directors and executives for the possibility of accounting irregularities
- Answers the question of how accounting fraud starts—and grows
With solid strategies for prevention of accounting fraud as well as a process to follow when fraud has been discovered, Financial Fraud Prevention and Detection vividly explores the corporate environment that causes fraud, how it spreads, the kind of crises it can create for a company, and the best ways to deal with it.
About the Author
Michael R. Young is an internationally recognized expert on the causes and prevention of fraudulent financial reporting. He assisted the U.S. Congress in formulating amendments to the federal securities laws to combat financial fraud and has been a leader in helping companies to investigate and correct the consequences of some of the largest frauds of the last three decades. He lives in New York City and is a partner of Willkie Farr & Gallagher LLP where he chairs the firm's Securities Litigation and Enforcement practice.
In this Book
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The Origin of Financial Fraud
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The Path to Corruption
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Three From Treadway to Sarbanes-Oxley
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The Sarbanes-Oxley Act
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The Audit Committee
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In the Crosshairs: The Chief Executive Officer
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Detection and Its Aftermath
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Investigating Financial Fraud: Objectives and Approach
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Finding the False Numbers
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Getting a New Audit Report on the Financial Statements
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The Securities And Exchange Commission
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Criminal Investigations
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Class Action Lawsuits
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The Future of Financial Reporting
