The fraud, deception and wrongdoing is increasing at an alarming rate. In that scenario, Novel and Conventional Methods of Audit, Investigation and Fraud Detection offers an insightful and descriptive account of the frauds and accounting irregularities and methodologies to detect them by using combination of novel and conventional audit approaches. The objective of this book is to provide practical approach for investigation to auditors and person entrusted with the task of investing white collar crimes.
In the fourth edition, a lot of emphasis has been placed on advanced techniques (e.g. CAAT) etc. In particular juxtaposition testing has been illustrated with many examples, pictures and advanced case studies.
The insights from experts on amendments of the Companies Act, 2013, CARO 2016 and Revised Standards of Auditing have been duly incorporated, as relevant to fraud reporting.
This book would be useful for auditors, management, investigators and also those in finance and operations at a decision making level.
Key Features:
Insights into money laundering features, symptoms and the process
Money laundering illustrated with the help of video and a practical case study
Insights into new and latest digital tools and techniques useful for spotting visual pictures duplication
Juxtaposition testing with more depth, illustrated extensivelySelf-assessment test questions for practice
Impersonation fraud or KYC fraud in banks
Use of coloured figures, drawings and anecdotes, case studies to illustrate concepts
Industry specific case studies (telecom, hospital, banking, insurance, entertainment, education etc., along with illustrations)
Use of advanced and sophisticated audit techniques such as CAAT, data mining, etc. and fraud detection in computerized environment
Model documents and samples to illustrate cases of forgery and manipulation
Models and samples of investigation reports
Red flags in financial statement/ published accounts, forensic testing and use of digital tools for spotting fraud signals, latest LOU fraud are the other new notable additions.
Table of Contents:
About the Author
Chetan D Dalal, a Chartered Accountant and a Certified Fraud examiner, specialises in fraud detection and forensic investigation. He is also a Certified Internal Auditor and a Certified Information Systems Auditor.
He has served on the board of the Association of Certified Fraud Examiners (India Chapter) and India Merchants Chamber. He has also served on the editorial board of an international journal - “Inside Fraud Bulletin”. He has been the chief faculty member in the first ever certification course on forensic accounting and fraud investigation for the Institute of Chartered Accountants of India. He has also conducted many workshops on fraud investigation for several companies in India and overseas. He has to his credit various awards and prizes for his research and paper contributions in the areas of fraud detection. He is the recipient of the Tarneja Award 2003 for the best article on fraud awarded by the Bombay Management Association and the PM Trivedi Memorial Prize for the best feature on ‘Standard Auditing Practice’ in the Bombay Chartered Accountants’ Society Journal.
He has authored several publications on fraud detection, internal audits, audit practices and procedures which have been published by the Institute of Chartered Accountants of India and the Bombay Chartered Accountants Society. He is a regular contributor of articles on fraud, accountancy and audit in many Indian corporate magazines, economic dailies and professional journals. He has also contributed articles in international journals such as the Internal Auditing-UK, IT Audit forum (USA), Accountant’s Ledger (Canada), etc.
The author has received contributions from several eminent CAs and technical experts.