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

©2002
Physical Description:
ix, 274 pages : illustrations ; 24 cm
General Note:
Includes index.
Language:
English
Added Author:
ISBN:
9780471203353
Format :
Book

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Summary

Summary

The indispensable guide to detecting and solving financial crime inthe office

Low-level financial crimes are a fact of life in the modernworkplace. Individually these crimes are rarely significant enoughto warrant the hiring of professional investigators, but if leftunchecked, small crimes add up to big losses. In companies withoutdedicated fraud investigators, detecting and solving low-levelcrimes generally falls to managers and internal auditors. FinancialCrime Investigation and Control offers tips, tools, and techniquesto help professionals who lack investigative experience stem thetide of small financial crimes before it becomes a tsunami.

Inside you'll find expert guidance on investigating and uncoveringcommon 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 atthe Civil Service College in Berkshire, England. He teaches coursesfor internal auditors at both the student and practitioner levels.His professional experience includes nine years as an audit managerand two years performing value-based audits at England's NationalAudit Office.
JENNIFER M. PICKETT is a senior manager at a bureau of the Englishgovernment where she manages a large operational team and developsand 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
Index