Detecting Fraud in Organizations Techniques, Tools, and Resources The cost of fraud to an organization goes well beyond dollars and cents. Fraud ruins reputations and lives. It can bring down even the most successful organization. Having a well-designed fraud detection system can significantly reduce the chance that your organization will be a victim of fraud. However, the key to detecting fraud is understanding where people and organizational value meet, paving the way for fraud. Drawing from the author’s thirty years of experience providing fraud training and prevention/detection services for professionals, Detecting Fraud in Organizations: Techniques, Tools, and Resources is an invaluable resource for organizations. The book is designed to help readers proactively think about fraud from a new perspective. Straightforward, simple, and entertaining in presentation, this unique book focuses on the people in today’s organizations and how the value within those organizations is exposed to fraud. Featuring a companion website with additional fraud case studies and business process maps, this practical, hands-on guide explores: Fraud and why it keeps happening How to get a handle on transactions What happens when someone decides to commit fraud The six Ps of successful fraudsters How to build a case—document organization, data analysis, and lifestyle analysis Fraud control points in the organizational process Filled with cartoons, pictures, motivational quotes, and one-minute mysteries Detecting Fraud in Organizations helps readers to see beyond the numbers and focus on creating open, proactive communication within their organizations. The book looks at the people in today’s organizations and identifies how and where the value within your organization may potentially be exposed to fraud. Master the Art of Fraud Detection Want to promote fraud awareness and expose fraudsters within your organization? Look no further. Detecting Fraud in Organizations gives you an easy-to-understand introduction to fraud detection. Learn about knowing your people, following cash, and creating an ethical tone within your organization. Learn how to to monitor your organizational processes including accounting and checks...Read More
Joseph Petrucelli is the managing partner of PP&D Accounting Services, Inc., a New Jersey corporation established in 2001. PP&D Accounting Services, Inc. is currently located at 263 Main Street in Woodbridge, New Jersey 07095. Mr. Petrucelli manages a full time, professional accounting staff that provides various services including (but not limited to) matrimonial litigation, labor dispute resolution and union arbitration, contract dispute resolution, shareholder dispute, mortgage resolution, asset recovery, estate taxation, estate planning, business and individual tax preparation, litigation support, auditing, financial statement preparation, assistance with corporate and individual financing, guardianships, business valuation and troubled individual and company financial workout accounting. Clientele include local unions, lawyers, matrimonial clientele, residential and commercial developers, property management companies, construction companies (both residential and commercial), title insurance companies, assorted types of contractors, fuel oil companies, mortgage bankers, hotels and restaurants, real estate agents, video gaming enterprises, insurance companies, import and export companies, and other retail and wholesale clients. With regard to his accounting and forensic practices, Mr. Petrucelli has testified in civil court proceedings, participated in arbitrations and mediations, and prepared various reports with regard to assorted frauds, real estate and mortgage valuations, business valuations, estates, guardianships, contract disputes, audits (including forensic audits), construction cost analyses and IRS tax resolutions. He participates in numerous evaluations of municipal budgets and financial statements, reviews union labor contracts and calculations, prepares economic damage analyses, assists in the preparation of pension actuary analyses, and deals in workout related matters pertaining to failing businesses or nonperforming loans. Mr. Petrucelli personally reviews and prepares an economic analysis with regard to the State of New Jersey budget. He is also retained for union negotiations and various township and county bargaining units throughout the state of New Jersey....Read More
800 Pound Friendly Gorilla Fraud Awareness Hotline Please share your stories so that we can learn from the past and prevent fraud in the future. Help us create fraud awareness and prevent fraud before it happens. We need to make people aware of the consequences of fraud and show them how fraud occurs. The only way to stop fraud is to understand how the value within an organization is exposed and how people gain access to that...Read More
Techniques, Tools, and Resources
In today’s corporate world accountants need to acquire skills beyond the basics of recording transactions and completing audits. Forensic accounting is a field that can provide you with the skills needed to detect, deter and prevent fraud in organizations. Joseph Petrucelli, an adjunct professor at the College of Staten Island and the City University of New York (CUNY), is developing cutting edge, graduate level courses that follow the principles laid out in his new textbook, Detecting Fraud in Organizations: Techniques,
Are you an Accountant, Lawyer, Master of Business Administration, or Financial Planner? Do companies hire you to manage their finances, watch their bottom line, or file taxes? Are you satisfied with your accounting methods? Do you ignore the fact that fraud might be occurring in your organization? Do you want to step up your game, fight fraud, protect your client, and fortify the financial health of your business? Many companies hire people for their accounting skills, and they assume that they are protecting their
Not every business owner is ready to learn about the finances of his or her company. On a recent episode of Restaurant Impossible on the Food Network, host Robert Irvine visited a struggling restaurant. He analyzed the financial records, and in one day he uncovered that there was at least $100,000 unaccounted for due to employee theft and ‘comped’ meals. He uncovered this just by looking at one inventory item – steaks! Every day thousands of business owners make this critical error. They may assume their tax accountant would uncover such an anomaly, or they are simply overwhelmed with the prospect of delving into the books. Your accountant is filing your taxes, not managing your company or looking for fraud. You probably do not pay him or her for such services. As a business owner, can you afford to ignore it any longer?