Executive Roadmap to Fraud Prevention and Internal Control

Creating a Culture of Compliance

by Martin T. Bieglman , Joel T. Bartow

Number of pages: 416

Publisher: Wiley

BBB Library: Economics and Investment

ISBN: 9780471739272

About the Authors

Martin T. Bieglman : Martin Biegelman has been investigating and preventing fraud and corruption for


Joel T. Bartow :


Editorial Review

Arresting every fraudster and punishing him are very expensive and require a lot of unavailable human and financial resources. The damaging effects of fraud would not be reversed, nor would lost assets or reputations be restored when fraud is discovered. It is economically more feasible to prevent fraud than to detect and correct it. Thus, having internal controls that are proactive rather than reactive is no longer a good business practice; it is mandatory.c

Book Reviews

"Martin Biegelman and Joel Bartow bring to this impressive work a combined 50 years of public- and private-sector experience in detecting, investigating, and preventing fraud and white-collar fraud." Questia

Books on Related Topics

Wisdom to Share

Merchants and fraud investigators should use software that detects unusual pattern of transactions for possible fraudulent activities.

Common ways that fraudsters obtain good numbers are to bribe hotel desk clerks, call center agents, and gas station attendants

Electronic funds transfers are good because they reduce the number of persons with access to negotiable documents.

To prevent check interception schemes, checks should be mailed directly to the third party as soon as they are prepared. Employees and contractors should not be allowed to collect checks in person.

Misappropriation of assets fraud represents 92 percent and average $93,000 an incident

There are several tools that can be used to evaluate the risk of each type of fraud such as the Quad Method and the Chessboard Method.

COSO is the Committee of Sponsoring Organizations, a voluntary, private sector organization dedicated to improving the quality of financial reporting through business ethics, effective internal controls and corporate governance.

Statement on Auditing Standards requires an auditor to plan and perform an audit in order to determine whether the financial statements are free of material misstatement.

The typical corporate defense used by executives during trial is the “Chutzpah Defense.”

As a result of the massive recent accounting frauds, the Congresses had to have a firm response.