Fair Value Accounting Fraud New Global Risks and Detection Techniques

"This interpretive guide to financial reporting is essential for recognizing and truly appreciating the creativity spawned from the fair value accounting rules. This book is the most comprehensive treatment of the topic that I know of. Accountants, auditors, and fraud examiners will find it invaluable in understanding and detecting fair value tricks."
—James D. Ratley, CFE, President, Association of Certified Fraud Examiners

"This timely book is a must for auditors, investigators, and anyone who analyzes or relies on financial statements. Zack offers expert analysis and thorough and practical guidance on a complex, emerging global issue in financial reporting fraud."
—Frank W. Abagnale, Author, Lecturer, Consultant, Subject of the motion picture, "Catch Me If You Can"

"Must-read for anybody working in the accounting field. It's loaded with a practical approach to understanding the complexities of fair value accounting."
—Wayne Berson, CPA, Atlantic Region Business Line Leader, BDO Seidman, LLP

With crystal clarity, Fair Value Accounting Fraud: New Global Risks and Detection Techniques provides auditors and fraud investigators with explanations of the many fraud risks pertaining to fair value accounting issues, as well as best practices for internal controls over fair value accounting applications.

Gerard Zack, a top expert in the field, provides much-needed insight, demystifying this topic with practical advice and helpful knowledge, making it a trusted reference on the ins-and-outs of financial statement fraud involving fair value issues.

Fair Value accounting is emerging as the next prime opportunity for financial statement fraud. Explaining the many complex applications of fair value accounting in the preparation of financial statements, Fair Value Accounting Fraud offers timely guidance on an up-and-coming issue as U.S. and international accounting rules pertaining to the use of fair value accounting continue to change.

You'll find discussion of

• U.S. GAAP and IFRS rules on fair value accounting issues, highlighting the areas most vulnerable to fraud
• Explanations of 75 categories of fair value accounting fraud schemes
• Fraud risk checklist that you can put to immediate use
• Practical detection techniques useful for auditors, investigators and others who rely on financial statements
• Expert advice from Gerard Zack, CFE, CPA, author of Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection

Comparing US accounting standards to International Financial Reporting Standards-thereby making this book useful worldwide- Fair Value Accounting Fraud helps you understand the new rules and develop new auditing and investigative techniques to enable you to detect potential fraud.