Internal control and fraud detection / Jae K. Shim.

Includes index.

Today managers need to be able to prevent, deter and detect fraud (and potential fraud) in their business. Internal Control and Fraud Detection takes them step by step through designing, setting up and implementing programs and controls they will need. It also supplies the essential tools for the job.

Among legal responsibilities it touches on Section 404 of the Sarbanes-Oxley Act and its sweeping changes, SEC rules and Auditing Standard (AS) No. 5 which requires that the management of a public company and its auditor issue two new reports at the end of every fiscal year.

This book also covers Management's Antifraud Programs and Controls and the risk factors included in SAS No. 99. A major section then deals with forensic accounting.

Finally Internal Control and Fraud Detection provides its readers with practical guides and checklists which they can immediately implement, such as indicators of financial crime, the ACFE's fraud prevention checkup, an internal control assessment form, computer applications' checklists and financial reporting information systems and a controls checklist.

All in all this book will guide its readers to expertise in a specialist, but essential, area of managing their business. --Book Jacket.

Internal control and the internal audit function -- Internal audit of financial statement accounts -- Statistical sampling in tests of controls -- Fraud prevention, fraud detection and forensic accounting -- Appendix A: Indicators of financial crime -- Appendix B: Internal control forms and checklists.