Download A.B.C.'s of Behavioral Forensics: Applying Psychology to by Sridhar Ramamoorti PDF

By Sridhar Ramamoorti

Get functional insights at the psychology of white-collar criminals—and find out how to outsmart them

Understand how the psychologies of fraudsters and their sufferers have interaction in addition to what makes auditors/investigators/regulators permit down their shield. find out about the psychology of fraud sufferers, together with forums of administrators and senior administration, and what makes them are looking to think fraudsters, and for this reason making them relatively susceptible to deception. simply because it specialists gave us computing device forensics, we have a uniquely certified crew immersed in psychology, sociology, psychiatry in addition to accounting and auditing, introducing the rising box of behavioral forensics to handle the phenomenon of fraud.

Ever ask yourself what makes a white-collar felony tick? Why does he or she do what they do? For the 1st time ever, see the brain of the fraudster laid naked, together with their occasionally twisted rationalizations; imagine like a criminal to seize a criminal! The A.B.C.'s of Behavioral Forensics takes you there, with professional suggestion from a various yet hugely really expert authoring crew of execs (three out of the 4 are qualified Fraud Examiners): a former accounting enterprise companion who has a PhD in psychology, a former FBI certain agent who has been with investigative practices of 2 of the massive 4 organizations, an business psychiatrist who has labored heavily with the C-level suite of huge and small businesses, and an accounting professor who has interviewed quite a few convicted felons. besides a desirable exploration of what makes humans fall for the typical and not-so-common swindles, the ebook offers a sweeping characterization of the ecology of fraud utilizing The A.B.C.'s of Behavioral Forensics paradigm: the undesirable Apple (rogue executive), the undesirable Bushel (groups that collude and behave like gangs), and the undesirable Crop (representing organization-wide or maybe societally-sanctioned cultures which are poisonous and corrosive). The publication will make you are taking an extended glance while hiring new staff and gives a deeper extra complicated realizing of what occurs in agencies and of their humans. The A.B.C. version also will support these in and out businesses inoculate opposed to fraud and make you think of instilling the middle values of your company between your humans and create a tradition of excellence and integrity that acts as a prophylactic opposed to fraud. finally, you'll find that, used properly, behavioral equipment trump exclusively financial incentives. With company fraud at the upward thrust globally, The A.B.C.'s of Behavioral Forensics is the must-have booklet for investigators, auditors, the C-suite and probability administration pros, the forums of administrators, regulators, and HR professionals.

  • Examines the psychology of fraud in a pragmatic means, referring to it to features of fraud prevention, deterrence, detection, and remediation
  • Helps that belief violation—the essence of fraud—is a betrayal of behavioral assumptions approximately "trusted" people
  • Explains how stable humans move undesirable and the way differently sincere humans move the line
  • Underscores the significance of making a tradition of excellence and integrity that inoculates a firm from fraud chance (i.e., sincere habit will pay, whereas dishonesty is frowned upon)
  • Provides key takeaways on what to seem for while hiring new staff and on your present staff, in addition to growing and holding a tradition of regulate consciousness
  • Includes narrative money owed of interviews with convicted white-collar criminals, in addition to interpretive insights and research in their rationalizations
  • Furnishes principles approximately the way to improve specialist skepticism, the best way to face up to fraudsters, the best way to see via their schemes, easy methods to infuse inner controls with the people/behavioral aspect, and cause them to more advantageous in addressing behavioral/integrity risks
  • Provides a pretty good beginning for education courses around the fraud danger administration lifestyles cycle the entire method from the invention of fraud to its research in addition to remediation (so a similar fraud does not occur again)
  • Enables auditors/investigators to have interaction in self-reflection and steer clear of cognitive and emotional biases and traps that bring about expert judgment mistakes (e.g., overconfidence, affirmation, self-deception, groupthink, halo impression, availability, speed-accuracy trade-off, etc.)

Ever because the accounting scandals surrounding Enron and WorldCom surfaced, resulting in the passage of the Sarbanes Oxley Act of 2002, in addition to the continued fall out from the Wall road monetary hindrance precipitating the Dodd-Frank Act of 2010, fraud has been a number one challenge for executives globally. for those who proposal you knew every little thing there has been to understand approximately monetary fraud, reconsider. Get the true scoop with The A.B.C.'s of Behavioral Forensics.

Chapter 1 Fraud Is all over the place (pages 13–26):
Chapter 2 The Sins of Quantification and different Mind‐Set Impediments (pages 27–39):
Chapter three past the Fraud Triangle: towards an overview of A.B.C. conception (pages 41–54):
Chapter four past the Fraud Triangle and into the brain: The development Blocks of Behavioral Forensics—Understanding How the fundamentals of Human habit Tie into Fraud (pages 59–79):
Chapter five “Said the Spider to the Fly …”: The Predator‐Prey Dance—Putting Behavioral technological know-how basics into movement (pages 81–119):
Chapter 6 The unintended Fraudster (Bad Apple): whilst the Apple Turns and Honesty Reverses path (pages 121–141):
Chapter 7 The undesirable Bushel and past: Seeing the bigger Context of the C‐Suite (pages 143–164):
Chapter eight dealing with the Ecology of Fraud: What you are able to do on Monday Morning (pages 171–194):
Chapter nine the way forward for Behavioral Forensics: constructing mental understanding to counterpoint monetary Fraud Suspicions (pages 195–212):

Show description

Read or Download A.B.C.'s of Behavioral Forensics: Applying Psychology to Financial Fraud Prevention and Detection PDF

Similar managerial books

Accounting and Financial System Reform in Eastern Europe and Asia

This booklet appeals to a large phase of the tutorial industry. it is going to attract accounting and finance professors and scholars as the major subject of the ebook bargains with accounting and fiscal approach reform. it's going to attract economists within the subfields of transition economics and improvement economics since it addresses present matters of their box.

Fair Value Accounting Fraud: New Global Risks and Detection Techniques

Crucial suggestions at the new reasonable price ideas for accounting managers, auditors, and fraud investigators reasonable worth accounting is rising because the subsequent leading chance for financial plan fraud. Explaining the numerous advanced purposes of reasonable worth accounting within the coaching of economic statements, reasonable worth Accounting Fraud bargains well timed counsel on an up-and-coming factor as U.

Due Diligence: An M&A Value Creation Approach (Wiley Finance)

This nuts-and-bolts consultant examines all points of an M&A due diligence--from coming to the choice to obtain an organization, to who could be at the due diligence staff, to the particular method and the ultimate record and post-closing keep on with up. It advocates a spotlight on either threat mitigation and shareholder price production, and emphasizes a holistic method that spans from making plans to post-acquisition integration.

Additional resources for A.B.C.'s of Behavioral Forensics: Applying Psychology to Financial Fraud Prevention and Detection

Sample text

Kahneman, Thinking Fast and Slow (New York: Farrar, Straus and Giroux, 2011). 5. In re Weiss v. 2d 675, 681 (Ct. App. 5th Cir. 1941). ” 6. ’s of Behavioral Forensics 7. Erving Goffman, The Presentation of Self in Everyday Life (New York: Anchor Books, 1959). 8. It is important to note that subconscious and unconscious are not synonyms. The subconscious seems to lie somewhere between the conscious mind and the unconscious; it contains information that is at the margins of attention, that one is only vaguely aware of.

Ryan (1999–2003), Dan Walker (1973–1977), and Otto Kerner Jr. (1961–1968). S. 5 million American Express bill. What happened to bring about this pension fund fraud charge, and why was the SEC involved? The details of the case were intriguing. The state had been accused of underfunding the state pensions for several years while also raising state bonds. The SEC’s report noted the following: The (pension funding) schedule proved insufficient to cover both the cost of benefits accrued in a current year and a payment to amortize the plans’ unfunded actuarial liability.

Although the numbers are important in many ways, even as abstractions, we must be cognizant of another basic fact: No number ever created itself. All numbers are created by humans, and humans operate from a variety of psychological foundations. For instance, a stock price is the result of how people feel about a given stock at a given time. Some degree of analysis was probably involved, but so was psychological disposition. So too with credit card use. Were we in a rush to buy a present? Were we seduced by a clever advertisement?

Download PDF sample

Rated 4.46 of 5 – based on 24 votes