Cover image for Financial crime investigation and control
Financial crime investigation and control
Pickett, K. H. Spencer.
Personal Author:
Publication Information:
New York : J. Wiley, [2002]

Physical Description:
ix, 274 pages : illustrations ; 24 cm
General Note:
Includes index.
Added Author:
Format :


Call Number
Material Type
Home Location
Item Holds
HV6768 .P53 2002 Adult Non-Fiction Non-Fiction Area

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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

Author Notes

K. H. SPENCER PICKETT is a senior lecturer in internal auditing at the Civil Service College in Berkshire, England. He teaches courses for internal auditors at both the student and practitioner levels. His professional experience includes nine years as an audit manager and two years performing value-based audits at England's National Audit Office.
JENNIFER M. PICKETT is a senior manager at a bureau of the English government where she manages a large operational team and develops and implements policy.

Reviews 1

Choice Review

Low-level white-collar crimes cost businesses billions of dollars each year. While this is a small amount compared to recent financial misdeeds at Enron, Adelphia, Worldcom, etc., this type of crime needs greater visibility as well as an action model for investigation and control to assist managers and auditors who lack investigative experience. The authors, both experienced managers, have written a unique book (a cross between a roadmap and handbook) that provides clear, expert, and specific guidance for identifying the telltale signs of this type of crime, and they incorporate practical case studies and sample documents in seven chapters and two appendixes. Each chapter provides the professional with a concise but thorough process for conducting an investigation of low-level (financial) crimes and includes discussion of the rights of those being investigated. The highlight of this volume is its thoughtful perspective on the major issues of concern and the related murky ethical questions. The most notable shortcoming is the absence of any cost/benefit analysis, not even in the integrated risk management discussion. The work provides a very useful resource to detect, control, and investigate financial crime and is recommended for all managers working to minimize low-level crime in their organizations. Professional and graduate collections. D. C. Daly Metropolitan State University

Table of Contents

1 Why Financial Crime?
2 An Action Model
3 Ethics at Work
4 Whistleblowing and Detection
5 The Fraud Response Plan
6 Investigations
7 Integrated Fraud Risk Management
Appendix A Forensic Statement Analysis
Appendix B An Introduction to Data Mining as aFraud Risk Management Tool