Fraud Exposed: What You Don’t Know Could Cost Your Company Millions

Joseph W. Koletar, Joseph Koletar9780471274759, 0471274755

Long accepted as a cost of doing business, occupational fraud has recently proven to be much more dangerous to a company than previously thought. Enron, Global Crossing, and other high-profile cases have shown that the risks can be enormous. Fraud Exposed shows how traditional methods of dealing with occupational fraud are inadequate and how an organization’s mindset must change if it is to be more effective in dealing with this problem. In-depth insights and practical advice show readers how to apply criminal and law enforcement response models to workplace fraud prevention and detection; analyze financial controls to prevent occupational fraud; as well as examine and improve current defenses to occupational fraud. Written by an expert in this field, Fraud Exposed provides organizations with a realistic approach to uncovering fraud and eliminating it before any damage is done.Joseph W. Koletar, PhD (Glen Rock, NJ), is a Principal and Service Line Leader in Ernst & Young’s Forensic and Security Services Practice in New York. Prior to joining Ernst & Young, he was the director of the Forensic and Corporate Investigative Services practice of Deloitte & Touche LLP. Before joining the private sector, Dr. Koletar spent twenty-five years as a special agent in the FBI.

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Table of contents :
Team DDU……Page 1
CONTENTS……Page 8
Preface……Page 10
Acknowledgments……Page 12
Introduction……Page 14
1 Crime and the Law Enforcement Response……Page 20
2 Rethinking the Assumptions……Page 36
3 The State of Occupational Fraud……Page 52
4 Theories of Occupational Fraud……Page 71
5 Lies, Damned Lies, Statistics (and Occupational Fraud)……Page 94
6 Thoughts on Occupational Fraud……Page 105
7 What Can We Learn?……Page 114
8 Internal Controls……Page 122
9 Compliance Programs……Page 142
10 Community, Corporate Citizenship, and Quality of Life……Page 153
Theories of Social Deviance……Page 170
Profiling……Page 174
Neuroscience……Page 186
Game Theory……Page 190
Forensic Professionals as Organizational Pathologists……Page 194
12 Partnerships for the Future……Page 201
13 Environmental and Organizational Intelligence……Page 209
14 Reconceptualization……Page 218
15 Leadership……Page 231
Funding……Page 240
Visibility……Page 247
Where We Go from Here……Page 251
Endnotes……Page 260
Index……Page 286