Executive Roadmap to Fraud Prevention and Internal Control (eBook)

MARTIN T. BIEGELMAN, CFE, CCEP, has been fighting fraud and corruption for more than thirty-five years in various roles in law enforcement, consulting, and the corporate sector. He is currently a Director in the Global Investigations and Compliance Practice at Navigant Consulting. He previously served as Director of Financial Integrity at Microsoft Corporation. JOEL T. BARTOW, CFE, CPP, is Operations Director for IntegriGuard, LLC. Mr. Bartow has over twenty-five years of experience in fraud and security investigations as an FBI Special Agent and in the private sector, where he developed successful fraud prevention programs.

Foreword to the Second Edition xiii

Foreword to the First Edition xvii

Preface xxi

Acknowledgments xxvii

Chapter 1 Fraud's Feeding Frenzy 1

Chapter 2 Fraud Theory and Prevention 23

Chapter 3 The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: COSO to Sarbanes-Oxley 47

Chapter 4 The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: SAS 99 to the 2010 Amendments to the Federal Sentencing Guidelines for Organizations 81

Chapter 5 Internal Controls and Antifraud Programs 105

Chapter 6 Financial Statement Fraud 133

Chapter 7 Internal Fraud: Protecting a Company 157

Chapter 8 Former Fraudster and New Man 171

Chapter 9 External Schemes and Scams: The Rest of the Fraud Story 185

Chapter 10 Not Too Big to Fail 205

Chapter 11 Designing a Robust Fraud Prevention Program 231

Chapter 12 Whistleblowers and Hotlines 255

Chapter 13 Time to Do Background Checks 287

Chapter 14 Training, Training, and More Training 307

Chapter 15 Global Fraud and Corruption Risk 329

Chapter 16 The Feds Are Watching: What to Know and Do Now 349

Chapter 17 A Fraud Prevention Culture That Works 371

Appendix

ACFE Fraud Prevention Checklist 391

About the Authors 395

Index 399