Financial Forensics Body of Knowledge, + Website - Hardcover

by Darrell D. Dorrell (Author), Gregory A. Gadawski (Author)

The definitive, must-have guide for the forensic accounting professional

Financial Forensics Body of Knowledge is the unique, innovative, and definitive guide and technical reference work for the financial forensics and/or forensic accounting professional, including nearly 300 forensic tools, techniques, methods and methodologies apply to virtually all civil, criminal and dispute matters. Many of the tools have never before been published.

It defines the profession: "The Art & Science of Investigating People & Money."

It defines Forensic Operators "...financial forensics-capable personnel... possess unique and specific skills, knowledge, experience, education, training, and integrity to function in the financial forensics discipline."

It defines why: "If you understand financial forensics you understand fraud, but not vice versa" by applying financial forensics to all aspects of the financial community.

It contains a book-within-a-book Companion Section for financial valuation and litigation specialists.

It defines foundational financial forensics/forensic accounting methodologies FAIM, Forensic Accounting Investigation Methodology, ICE/SCORE, CICO, APD, forensic lexicology, and others.

It contains a Reader Lookup Table that permits everyone in the financial community to immediately focus on the pertinent issues.

This work is the only financial forensics/forensic accounting methodology also published by the United States Department of Justice. It redefines the standard for all dimensions of the financial forensics and forensic accounting profession and is written to address the entire financial community comprised of Originators (CFOs, controllers, accountants, analysts, etc.), Users (auditors, valuators, attorneys, judges, lenders, investors, internal auditors, consumers, bankers, professors, board members, executives, journalists, etc.), and Regulators (civil, including IRS, IMF, SEC; and criminal, including FBI and state and local law enforcement; Interpol, counterterrorism and military.

Financial Forensics Body of Knowledge is:

• The only codified financial forensics/forensic accounting methodology known to exist;
• The only codified methodology comprising civil, criminal, and dispute methodologies within the same framework;
• The only codified methodology supported by optional Internet-based software that continually updates content with newly discovered and developed forensic tools, techniques, methods and methodologies, and actual reports;
• The only codified methodology to contain actual report content (BLINDED) for many different forensic matters, including alter ego, damages, fraud, fraudulent transfer, marital dissolution, valuation, etc.;
• The only codified methodology to contain a comprehensive Forensic Inventory of tools, techniques, methods and methodologies;
• The only codified methodology to address virtually every type of entity, i.e. privately-held, publicly-held, governmental, charitable, NPO, NGO, etc.;
• The only codified methodology applicable to the US and global financial community;
• The only codified methodology that comprises an embedded training tool for beginning, intermediate and advanced financial professionals;
• The only codified methodology suitable for immediate adoption as firm-wide and agency-wide best practices technical and training standards.

The great majority of the content has not been previously assembled and published, and duplication of other publications has been purposely avoided to prevent redundancy.

The two principal authors have trained literally thousands within the financial community in various aspects of the content during the last several years. The attendees have included virtually all entity types, including federal, state and local government and law enforcement, e.g. SEC, FBI. The feedback has been universally positive and prompted the construction of this book. The contributing authors include public and private practice, attorneys, academics, law enforcement, and publicly-held and privately-held financial professionals. They are practitioners first and foremost and heavily experienced in instructional settings.

Front Jacket

The most definitive and comprehensive guide to financial forensics and forensic accounting known to exist

Financial forensics and forensic accounting have become household terms, thanks to extensive media coverage of high-profile corporate failures, institutional collapses, and profligate government spending. The general public, investors, and decision makers have lost confidence in all manner of financial data and lack the tools to critique its content. Despite the chronic and compelling need for financial forensics expertise, the financial profession has yet to embrace or even offer a cogent and comprehensive forensic accounting tools-based methodology. That deficiency has plagued our economy . . . until now.

Financial Forensics Body of Knowledge is the most all-inclusive guide to forensic accounting available to date. It provides a one-stop source of financial forensics tools, techniques, methods, and methodologies that captures and codifies the myriad methods that define the profession's body of knowledge. Most of the content has never been previously published.

Part One features a foundational interactive Forensic Accounting/Investigation Methodology, as well as more than 250 +/- tools, techniques, methods, and methodologies applicable to virtually any large or small financial matter, whether civil, criminal, or dispute. Part Two explores Special Topics, including forensic accounting as a counterterrorism weapon, comparative civil and criminal law processes in financial forensics, and specific advice for anyone encountering a potential embezzlement in an organization.

Financial Forensics Body of Knowledge explainshow to use:

• Aberrant pattern detection
• Background search
• BIC analysis
• Confirmation bias avoidance
• RO testing
• Document map
• Expectations attributes
• Forensic financial analysis
• Forensic lexicology
• Forensic timeline
• FSAT
• Genograms
• ICE/SCORE^(c)
• Interviewing and interrogation
• Investigative websites
• Kinetic communications
• Likert/MUA analysis
• Stylometry
• Valuation and forensic techniques
• 60-second method

The book also features a companion website where readers can find reports and samples illustrating the situations and methodologies discussed throughout. Twelve different financial forensics reports from actual assignments are available through the website for download and application. In addition, an optional subscription-based Internet-resident software application supports the methodology, with continual updates, enabling you to put information to use immediately and stay abreast of changes in the field. It includes substantial downloadable tools, techniques, methods, and methodologies.

Written for all financial information originators, users, regulators--and anyone who relies upon financial information--Financial Forensics Body of Knowledge provides you with all the tools and guidance you need to tackle every assignment more efficiently and effectively.

Author Biography

DARRELL D. DORRELL, CPA, ABV, MBA, ASA, CVA, DABFA, CMA, is a principal and founding partner of financialforensics^(R). He is a nationally recognized expert witness, speaker, and author and has trained many organizations in twenty-four U.S. states, Canada, and Puerto Rico, including the FBI, U.S. Department of Justice, SEC, Bankruptcy Bar Association, AICPA, NACVA, IMA, PricewaterhouseCoopers, and thirteen state CPA societies. He authored nearly seventy technical articles in nearly two dozen professional journals and coauthored "Counterterrorism: Conventional Tools for Unconventional Warfare" and "Forensic Accounting: Counterterrorism Weaponry" for the U.S. Department of Justice.

GREGORY A. GADAWSKI, CPA/ABV, CFE, CIRA, CVA, is a principal and founding partner of financialforensics^(R), with over fifteen years of professional experience. He is a recognized expert witness in state and federal courts in both civil and criminal matters. He has contributed to several professional journals and coauthored "Counterterrorism: Conventional Tools for Unconventional Warfare" and "Forensic Accounting: Counterterrorism Weaponry" for the U.S. Department of Justice.