4 Essential books for the corporate fraud investigator

Fraud is a world-wide problem and frankly the situation is probably going to worsen. The need for Private Investigators with the requisite fraud investigation skills is set to increase. The necessity for PIs to equip themselves with the skills and knowledge has never been so apparent. The four highlighted publications are excellent resources for any PI that wishes to pursue this fascinating and often complex subject.

1.Corporate Fraud Handbook: Prevention and Detection- Joseph T Wells

Fraud continues to be a serious and costly problem for businesses. Now in a Third Edition, this practical resource, written by the founder and chairman of the Association of Certified Fraud Examiners, is filled with real–world cases and statistics on the various types of fraud and their real cost to organizations. It reveals the various, incredibly creative fraud schemes used by employees, owners, managers, and executives to defraud their customers. Auditors, fraud examiners, and criminal investigators will discover how to spot the “red flags” of fraud and prevent it from happening in the first place.

2. Investigating Corporate Fraud – Michael J. Comer

In 1998 Gower published the highly successful third edition of Corporate Fraud by Michael Comer. Sadly, the need for such books has not disappeared – if anything it has increased – and so this new volume has been written, concentrating on the practicalities of investigating incidences of fraud. The aim is to help ensure that you can react swiftly and effectively, recover your money, your costs and interest and punish the offenders so that a deterrent is established for others. Most importantly the book will help you return to normal working as quickly as possible. Throughout it features checklists and case examples which, together with the author’s inimitable style, make this an intensely practical and lively guide to a subject strewn with potential dangers.

3. Expert Fraud Investigation: A Step-by-step Guide – Tracy L Coenen

A sharp, savvy examination of financial fraud, Expert Fraud Investigation: A Step–by–Step Guide is one of the few books to take the leap from theoretical discussion to the actual nuts and bolts of performing an investigation. Fraud expert Tracy Coenen offers an insider look at many of the most common types of fraud cases and points out some of the best methods for analyzing the books and records to search for proof of fraud. An invaluable tool to help professionals understand how financial fraud occurs in an organization and what to do when it is found or suspected, all the guidance needed to uncover corporate fraud is here, from the point of opening an investigation, selecting a team, through the entire investigative process.

4. Forensic Accounting and Fraud Investigation for Non-Experts – Howard Silverstone, Michael Sheetz

A must–have reference for every business professional, Forensic Accounting and Fraud Investigation for Non–Experts, (New Third Edition) is a necessary tool for those interested in understanding how financial fraud occurs and what to do when you find or suspect it within your organization. With comprehensive coverage, it provides insightful advice on where an organization is most susceptible to fraud.