Forensics Journal - Stevenson University 2010 | Page 36

STEVENSON UNIVERSITY

There are many steps a company can take to prevent fraud and to
survive a fraud—if it is prepared. The authors convincingly make the
case that the time and cost of implementing the ideas in this book
will be less than the cost of a loss due to an actual fraud. A useful
follow-up to the book would be to provide updated fraud schemes
that have been perpetrated. This will allow companies to become
aware of these schemes and realign their anti-fraud tactics to combat
these schemes.

is needed to help a company formulate or strengthen an existing
anti-fraud program from preparing a risk assessment to implementing
an investigative program before a fraud occurs. The book is easy to
understand and written in plain language that eliminates the use of
accounting and auditing terms that readers may not understand.

According to the authors, “In our experience, companies that prepare
for the eventuality of fraud and corruption do a better job of coping
and recovering than companies that wait until something unfortunate
has occurred. Formulating a response to fraud after it has occurred is
like closing the barn door after the horses have escaped.” (p. 151)

Antar, S. (n.d.). White Collar Fraud. Retrieved September 28, 2009,
from http://www.whitecollarfraud.com

REFERENCES

Bishop, T. J., & Hydoski, F. E. (2009). Corporate Resiliency: Managing
the Growing Risk of Fraud and Corruption. New Jersey: John Wiley &
Sons, Inc.

This book is an effective tool for executives, board members, or
anyone who wants to learn more about ways H