Fraud Risk Management: A practical guide for accountants

Fraud Risk Management, the essential guide for accountants in the management and mitigation of fraud risk. Fraud Risk Management is a practical guide to current and emerging issues in managing internal and external fraud risk. Whilst providing a valuable update on current and developing trends in the fraud environment, this book also covers terminology used and elaborates upon the chief risks which management accountants must be aware of. Turner, the author, provides a practical framework for essential action in the event of the perpetration of or attempted fraud. The reader is also guided through the process of interacting with law enforcement authorities during an investigation. The current context of fraud is such that there is rising public disquiet at the perception of wrongdoing within large and often publicly listed companies; a sense that the people to whom individuals entrust their money should be held properly accountable for what they do and how they spend. Fraudulent activity is often believed to be associated, disconcertingly, with terrorist funding. Politicians and lawmakers are keen to be seen to act swiftly and firmly to protect their people, with a view to both protecting local economy and to maintaining investor confidence. Thus Governments have never been so ready to intervene. They are granting, and regulatory bodies and law enforcement agencies are using, a wide range of enforcement and information-gathering powers and there is more talk than ever before on subjects such as corporate governance. In effect, the officers and senior employees of companies are now subject to much greater responsibility, liability and accountability, for the activities of the organisations they work for. This book is aimed at management accountants who are not professionals in risk management or investigation procedures, but who need to be suitably aware in case of impact on individual responsibilities. It provides a user-friendly manual divided into three sections, What is fraud?; What risks may you encounter in your business and what fraud management systems should you have in place? and Post event fraud management. The author, is a financial services and regulatory consultant with extensive hands-on experience in internal audit, risk management and compliance matters. She is also Manager of Corporate Governance for a group of international life companies and lectures extensively on a wide range of compliance and financial services matters.Catherine Turner is the author of 'Fraud Risk Management: A practical guide for accountants', published 2008 under ISBN 9780750683814 and ISBN 0750683813.