Recent catastrophic business failures have caused some to rethink the value of the audit, with many demanding that auditors take more responsibility fraud detection. This book provides Forensic accounting specialists -experts in uncovering fraud - with new coverage on the latest PCAOB Auditing Standards, the foreign Corrupt Practices Act, and on options fraud, as well as on fraud in China and its implications. Auditors are equipped with the necessary practical aids, case examples, and skills identifying situations that call extended fraud detection procedures.

From the Back Cover

Today’s demanding marketplace expects auditors to take responsibility fraud detection, and this expectation is buoyed by such legislation as the Sarbanes-Oxley Act and the Auditing Standard (SAS99), which requires increased performance on the part of the auditor to find material financial statement fraud.

Written by a group of the best Forensic accountants and auditors at PricewaterhouseCoopers, The Auditor’s Guide to Forensic Accounting explores exactly what assurances auditors should provide and suggests alternatives to giving the capital markets more of what they are requiring–greater assurances that the financial statements they rely upon investment decisions are free of material error, including fraud. It reveals the surprising complexity of fraud deterrence, detection, and investigation, and offers a step-by-step approach to understanding that complexity.

From basic techniques to intricate tests and technologies, The Auditor’s Guide to Forensic Accounting is a rich, multifaceted, and fascinating answer to the need wiser, savvier, better-trained financial statement and internal auditors who are thoroughly familiar with fraud detection techniques and the intricate, demanding work of Forensic accounting specialists.