Essential guidance on the new fair value rules for accounting managers, auditors, and fraud investigators

Fair Value accounting is emerging as the next prime opportunity for financial statement fraud. Explaining the many complex applications of fair value accounting in the preparation of financial statements, "Fair Value Accounting Fraud" offers timely guidance on an up-and-coming issue as U.S. and international accounting rules pertaining to the use of fair value accounting continue to change.

You'll find discussion of
U.S. GAAP and IFRS rules on fair value accounting issues, highlighting the areas most vulnerable to fraudExplanations of 75 categories of fair value accounting fraud schemesFraud risk checklist that you can put to immediate usePractical detection techniques useful for auditors, investigators and others who rely on financial statementsExpert advice from Gerard Zack, CFE, CPA, author of "Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection"

Comparing US accounting standards to International Financial Reporting Standards-thereby making this book useful worldwide- "Fair Value Accounting Fraud" helps you understand the new rules and develop new auditing and investigative techniques to enable you to detect potential fraud.

Praise for Fraud and Abuse in Nonprofit Organizations

"Gerry Zack’s book is a valuable resource for those who manage, audit, or investigate charities and other nonprofits. It is packed with information that can be used to reduce the high cost of fraud in this sector and to prevent the related reputational damage that can hurt a nonprofit’s ability to raise funds. This book can help ensure a nonprofit’s funds are used to help the needy and not wasted on lining a fraudster’s pockets."
–Toby J. F. Bishop
President & CEO, Association of Certified Fraud Examiners

"This book should be required reading for all managers and boards of directors of nonprofits. No doubt, it will inspire many readers to take a fresh look at their organizations’ practices. Zack easily cuts through the fluff and zeroes in on the critical points. A rare find–an informative how-to guide for avoiding and detecting fraud, written in an easy-to-digest, conversational tone. Zack is a master at making antifraud and compliance issues interesting as well as informative. Great as a primer, refresher, and a reference to be consulted again and again. Following Zack’s advice has the potential for radically reducing the amount of fraud in nonprofits."
–Karla Snellings
Deputy Director, NW3C (National White Collar Crime Center)

In a climate in which public trust is at an all-time low, nonprofit organizations and their directors must take action to prevent fraud and abuse before their good name–and financial support–is damaged or lost forever. Fraud and Abuse in Nonprofit Organizations provides decision-makers with the most comprehensive, hands-on look yet at nonprofit fraud and abuse, and outlines a fraud awareness and deterrence system designed to uncover and stop financial dishonesty before its damage becomes irreparable.

Valuable guidance for staying one step ahead of financial statement fraud

Financial statement fraud is one of the most costly types of fraud and can have a direct financial impact on businesses and individuals, as well as harm investor confidence in the markets. While publications exist on financial statement fraud and roles and responsibilities within companies, there is a need for a practical guide on the different schemes that are used and detection guidance for these schemes. "Financial Statement Fraud: Strategies for Detection and Investigation" fills that need.Describes every major and emerging type of financial statement fraud, using real-life cases to illustrate the schemesExplains the underlying accounting principles, citing both U.S. GAAP and IFRS that are violated when fraud is perpetratedProvides numerous ratios, red flags, and other techniques useful in detecting financial statement fraud schemesAccompanying website provides full-text copies of documents filed in connection with the cases that are cited as examples in the book, allowing the reader to explore details of each case further

Straightforward and insightful, "Financial Statement Fraud" provides comprehensive coverage on the different ways financial statement fraud is perpetrated, including those that capitalize on the most recent accounting standards developments, such as fair value issues.