Forensic Accounting

Description

For courses in Forensic Accounting An inside view into the practice of forensic accounting ¿ As a result of increased litigation and regulatory enforcement, the demand for forensic accountants has never been higher. This area of specialty is considered the top niche market in the accounting profession. The new Forensic Accounting is the first text of its kind to provide a comprehensive view of what forensic accountants actually do and how they do it. With experience as both practitioners and educators, authors Robert Rufus, Laura Miller, and William Hahn offer a unique perspective that bridges the gap between theory and practice. They present concepts in the context of a scientific approach, emphasizing critical thinking, reasoning, and problem solving–skills that are useful in a wide variety of academic and professional environments. And because its content is consistent with the AICPA curriculum for the Certified in Financial Forensics (CFF) credential, this text gives your students a head start on the path toward career advancement. Forensic Accounting facilitates an outstanding teaching and learning experience–for you and your students. It will help you to: • Introduce the requisite forensic accounting skills: The text identifies a three-layer skill set and provides students instruction in the key areas of forensic accounting expertise. • Offer an inside view into forensic accounting practice: Integrated case studies and sample documents give students a glimpse into the actual practice of forensic accounting. • Highlight the importance of a scientific approach: The authors explain the benefits of utilizing a scientific approach and provide opportunities for students to practice its application. • Foster thorough understanding via learning aids: Various tools, throughout the text and at the end of each chapter, support students as they learn and review. Cover Title Copyright Contents Preface Chapter 1 Introduction to the World of Forensic Accounting Introduction What Is Forensic Accounting Forensic Accounting Services Forensic Accountants vs. Transactional Accountants and Auditors Forensic Accounting Skills Forensic Accounting Certifications and Supporting Organizations Careers in Forensic Accounting Summary Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Chapter 2 The Legal Environment of Forensic Accounting Introduction United States v. Bonnie J. Bain Understanding the Legal Environment Procedure: The Anatomy of a Trial Evidence and the Expert Privileged Communication Working with Attorneys Epilogue: U.S. v. Bonnie Bain Appendix 2-A Appendix 2-B Appendix 2-C Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Chapter 3 Screening and Staging Engagements Introduction Screening Engagements Staging an Engagement Epilogue: Mattco Forge, Inc. v. Arthur Young & Company Appendix 3-A Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Case Chapter 4 Gathering Evidence—Interviews and Observations Introduction The Interview: A Primary Evidence-Gathering Tool Conducting Interviews The Value of Observations Epilogue: U.S. v. Ronda Nixon Appendix 4-A Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Case Chapter 5 Financial Statements Analysis—Reading Between the Lines Case Study: ZZZZ Best Carpet Cleaning Service Introduction Context of Financial Reporting Foundations of Financial Statements Analysis Methods of Financial Statements Analysis Cash Flow Analysis Journal Entry Testing Content Analysis Personal Financial Statements Summary Appendix 5-A Appendix 5-B Appendix 5-C Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Chapter 6 Fraud and White-Collar Crime Introduction Fraud and White-Collar Crime Fraud Theory Why Do People Commit Fraud? Who Commits Fraud? Victims of White-Collar Crime The Government Is Not Always Right Why You Need to Know Appendix 6-A Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Case Chapter 7 Conducting a Fraud Investigation Introduction Suspicions of Fraud Background Information Significant Accounting Policies The Engagement The Investigation Epilogue Key Terms Chapter 8 Transforming Data into Evidence (Part 1) Introduction The Role of Data Analysis Framing the Data Analysis Task Data Sources Planning for Data Analysis Data Collection Data Preparation Data Analysis Tools Interview Transcription Case Application Summary Appendix 8-A Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Case Chapter 9 Transforming Data into Evidence (Part 2) Introduction Descriptive Statistics Methods for Displaying Data Data Mining Data Analysis Software Digital Analysis—Benford’s Law Summary Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Chapter 10 Professional Responsibilities Introduction Professional Responsibility AICPA Code of Professional Conduct Statement on Standards for Consulting Services No. 1 ACFE Code of Professional Standards NACVA Professional Standards Six Essential Qualities Revisiting the Rules of Evidence and Discovery Other Standards and Regulatory Agencies Professional Responsibilities and the Expert Reconciling Conflicts The Adversary-Advocacy Nature of Forensic Accounting Making Good Decisions Common Professional Responsibility Failures Epilogue: Dock’s Creek Land Company, LLC v. T. R. Robertson, CPA Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Chapter 11 Fundamentals of Business Valuation Introduction How Much Is the Business Worth? Valuation Theory (The Time Value of Money) Business Valuation Process Other Valuation Issues Professional Standards Concluding Truths Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Case Chapter 12 Special Topics 12.1 Methods of Proof (Direct vs. Indirect) Introduction Direct Method of Proof Indirect Method of Proof Method of Proof Selection Indirect Methods and the Courts 12.2 Economic Damages Introduction What Are Economic Damages? Types of Compensatory Damages Calculating Economic Damages Concluding Comments 12.3 Computer Forensics Introduction Computer Forensics in Context The Process of a Computer Forensics Investigation Trends in Computer Forensics A Final Caution 12.4 Reporting Results Introduction Judicial Mandate—Rule 26 Professional Guidelines Tips for Effective Reports Appendix 12-A Key Terms Chapter Questions Multiple-Choice Questions Workplace Applications Chapter Problems Glindex (combined Glossary and Index) A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Credits