Financial crime investigation and control / K.H. Spencer Pickett and Jennifer Pickett

The indispensable guide to detecting and solving financial crime in the office Low-level financial crimes are a fact of life in the modern workplace. Individually these crimes are rarely significant enough to warrant the hiring of professional investigators, but if left unchecked, small crimes add up to big losses. In companies without dedicated fraud investigators, detecting and solving low-level crimes generally falls to managers and internal auditors. Financial Crime Investigation and Control offers tips, tools, and techniques to help professionals who lack investigative experience stem the tide of small financial crimes before it becomes a tsunami. Inside you'll find expert guidance on investigating and uncovering common types of fraud, including: Credit card fraud Consumer fraud Kickbacks Bid rigging Inflated invoices Inventory theft Theft of cash Travel and subsistence claims Check fraud ID fraud Ghost employees Misappropriation schemes Computer-related crime Financial statement fraud "Financial Crime Investigation and Control walks the reader through the process of conducting a thorough, professional investigation of low-level crimes in order to protect both the interests of the company and the rights of those being investigated. Helpful appendices, practical case studies, and sample documents reinforce the expert guidance provided in the book while helping professionals ensure due diligence in their investigations." "Financial Crime Investigation and Control is much more than just a guidebook on fraud prevention techniques; it also offers a thoughful perspective on the major issues of concern to those responsible for limiting losses through financial crime. It's the single resource every financial crime fighter should have in his holster."--Jacket. Financial Crime Investigation and Control......Page 3 ACKNOWLEDGMENTS......Page 9 CONTENTS......Page 11 One Why Financial Crime?......Page 15 Two An Action Model......Page 41 Three Ethics at Work......Page 65 Four Whistleblowing and Detection......Page 89 Five The Fraud Response Plan......Page 127 Six Investigations......Page 153 Seven Integrated Fraud Risk Management......Page 221 Appendix A Forensic Statement Analysis......Page 267 Appendix B An Introduction to Data Mining as a Fraud Risk Management Tool......Page 271 Index......Page 281 0471203351 Financial Crime Investigation and Control 3 ACKNOWLEDGMENTS 9 CONTENTS 11 One Why Financial Crime? 15 Two An Action Model 41 Three Ethics at Work 65 Four Whistleblowing and Detection 89 Five The Fraud Response Plan 127 Six Investigations 153 Seven Integrated Fraud Risk Management 221 Appendix A Forensic Statement Analysis 267 Appendix B An Introduction to Data Mining as a Fraud Risk Management Tool 271 Index 281