Published Material

Today’s professional standards are requiring corporations, CPA firms, and internal auditors to provide assurance and opinions regarding fraud risk management with Sarbanes-Oxley, Public Company Accounting Oversight Board (PCAOB) regulators, and the professional standards of auditing requiring auditors to give greater consideration to incorporating fraud detection into their audit plan. But auditors today are unfortunately ill-equipped and at a crossroads on how to incorporate fraud detection into their audit plan.

Providing a comprehensive framework for building an effective fraud model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud.

An invaluable reference for auditors, fraud examiners, investigators, CFOs, controllers, corporate attorneys, and accounts, Fraud Risk Assessment: Building a Fraud Audit Program helps business leaders respond to the risk of asset misappropriation fraud and to uncover fraud in core business systems. Renowned financial investigator Leonard Vona shows readers how to build a fraud model using a fraud risk assessment strategy that requires consideration of the fraud schemes, fraud concealment strategy, opportunity points, and fraud motivation unique to their organization.

Including important information on methods of responding to the risk of fraud and data mining for fraud schemes, Fraud Risk Assessment: Building a Fraud Audit Program also provides audit procedures and thoroughly examines topics including:

• Fraud theory
• Fraud audit
• Fraud penetration risk assessment
• Fraud in expenditure
• Contract fraud
• Bribery
• Travel expense
• Payroll fraud
• Revenue fraud
• Fraud control theory
• Fraud investigation for the auditor

Locating fraud in today’s business system is not an option but a requirement. Fraud Risk Assessment: Building a Fraud Audit Program helps professionals to focus on using assertive fraud risk assessment to build audit programs that respond to the risk of asset misappropriation fraud.