Financial Fraud Prevention and Detection

Praise for Financial Fraud Prevention and Detection This book talks about financial fraud-the corporate environment that causes it, how it spreads, the kind of crises it can create for a company, and the best ways to deal with them. With its fast pace and lively style, it will reward any reader with an interest in the integrity of financial reporting. -Mario M. Cuomo, Former Governor, State of New York Savvy investors as well as CEOs and directors of both public and private companies should read and keep close to their desks Michael Young's riveting words on how to detect and prevent fraud. This is an important book, which is readable and action oriented. -Arthur Levitt, Former Chairman, Securities and Exchange Commission Michael Young's new book Financial Fraud Prevention and Detection is a must-read for anyone involved at a senior level in the financial reporting process at public companies, including CEOs and CFOs, audit committee and board members, internal and external auditors, and inside and outside legal counsel. It captures in an understandable, practical, and useful way his accumulated knowledge on preventing, detecting, and dealing with financial fraud. It will serve as an invaluable resource and handbook on this important topic. -Robert H. Herz, Former Chairman, Financial Accounting Standards Board If you want to understand the why's and wherefore's of fraudulent financial reporting, Michael Young's latest book is the one to read. Whether you are a corporate executive, director, accountant, securities lawyer, investor or just someone who deals regularly with financial statements, this book will walk you through the beginning stages of cooked books, the events that allow cooked books to flourish, and the fallout that occurs when the fraudulent activity is exposed. Mr. Young deals with the problem from a very practical standpoint, which makes his book even more valuable-it's mandatory reading. -James C. Treadway, Chairman, National Commission on Fraudulent Financial Reporting Financial fraud, unfortunately, will always be with us, but we can arm ourselves to understand how to deter and detect the motivations that lead to fraud and the clues around us. In this book, Michael Young provides an outstanding road map for understanding the players, the regulators, the environments, and the tools available to protect financial assets. I highly recommend this book to anyone with an interest in fraud deterrence and detection. -Michele Hooper, President and CEO, The Directors' Council; board member, National Association of Corporate Directors