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Corporate Fraud Handbook: Prevention and Detection, Second Edition By Joseph T. Wells John Wiley & Sons, Inc., 2007; ISBN: 0-470-09591-1; 442 pages, hardcover, $68.
Reviewed by Allan M. Rabinowitz
Joseph Wells has updated his exceptional writings on the topic of fraud by basing this volume on the 2006 Report to the Nation on Occupational Fraud and Abuse, the latest of four periodic surveys conducted by the Association of Certified Fraud Examiners (ACFE). He founded that organization in 1988 after spending nine years as an FBI agent specializing in investigating white-collar crime and another decade heading Wells & Associates, consulting criminologists in the field of white-collar crime prevention, detection, and education.
As chairman of the ACFE since its inception, he has sought to identify and widely disclose the principal patterns of fraud that result from the many thousands of cases with which he has become familiar. His research has encompassed the work of thousands of certified fraud examiners (CFE), who usually have responsibility for fraud deterrence and detection in the organizations for whom they work. During the past three years, the ACFE has grown from nearly 30,000 members to more than 38,000, indicating the heightened significance of this profession. Antifraud training and education is provided by the ACFE, and it sponsors the CFE credential.
The 2006 Report is a study of...