By Sridhar Ramamoorti
Get useful insights at the psychology of white-collar criminalsand tips to outsmart them
Understand how the psychologies of fraudsters and their sufferers have interaction in addition to what makes auditors/investigators/regulators allow down their safeguard. 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 as a result making them really prone to deception. simply because it specialists gave us desktop forensics, now we have a uniquely certified staff 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 legal 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 capture a criminal! The A.B.C.'s of Behavioral Forensics takes you there, with specialist recommendation from a various yet hugely really expert authoring group of execs (three out of the 4 are qualified Fraud Examiners): a former accounting enterprise associate who has a PhD in psychology, a former FBI targeted agent who has been with investigative practices of 2 of the massive 4 companies, an business psychiatrist who has labored heavily with the C-level suite of enormous and small businesses, and an accounting professor who has interviewed a number of convicted felons. besides a desirable exploration of what makes humans fall for the typical and not-so-common swindles, the booklet 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 ebook will make you're taking an extended glance while hiring new staff and provides a deeper extra advanced figuring out of what occurs in corporations and of their humans. The A.B.C. version also will support these inside and out enterprises 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 correctly, behavioral tools trump completely financial incentives. With company fraud at the upward thrust globally, The A.B.C.'s of Behavioral Forensics is the must-have e-book for investigators, auditors, the C-suite and probability administration execs, the forums of administrators, regulators, and HR professionals.
- Examines the psychology of fraud in a pragmatic manner, referring to it to elements of fraud prevention, deterrence, detection, and remediation
- Helps you already know that belief violationthe essence of fraudis a betrayal of behavioral assumptions approximately "trusted" people
- Explains how solid humans pass undesirable and the way in a different way sincere humans go the line
- Underscores the significance of making a tradition of excellence and integrity that inoculates a firm from fraud probability (i.e., sincere habit can 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 developing and conserving a tradition of keep an eye on consciousness
- Includes narrative debts of interviews with convicted white-collar criminals, in addition to interpretive insights and research in their rationalizations
- Furnishes rules approximately how you can increase expert skepticism, the right way to face up to fraudsters, the right way to see via their schemes, how you can infuse inner controls with the people/behavioral point, and lead them to more advantageous in addressing behavioral/integrity risks
- Provides a fantastic starting place for education courses around the fraud danger administration lifestyles cycle all of the method from the invention of fraud to its research in addition to remediation (so an identical fraud does not ensue again)
- Enables auditors/investigators to have interaction in self-reflection and steer clear of cognitive and emotional biases and traps that result in specialist judgment error (e.g., overconfidence, affirmation, self-deception, groupthink, halo impact, 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 highway monetary obstacle precipitating the Dodd-Frank Act of 2010, fraud has been a number one situation for executives globally. should you notion you knew every 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 in every single 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. concept (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 unintentional 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 wisdom to counterpoint monetary Fraud Suspicions (pages 195–212):
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Additional info for A.B.C.'s of Behavioral Forensics: Applying Psychology to Financial Fraud Prevention and Detection
Ramamoorti and W. Olsen, “Fraud: The Human Factor,” Financial Executive (July–August 2007): 53–55. 4. We might come up with several reasons for such discounting: Most accounting and finance professionals have not taken courses in the behavioral sciences as part of their undergraduate or graduate education; touchy‐feely topics do not readily lend themselves to quantitative and analytical approaches; in conventional economics, human emotions have been kept out of decision analysis; and behavioral economics is only now emerging as an influential discipline.
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A.B.C.'s of Behavioral Forensics: Applying Psychology to Financial Fraud Prevention and Detection by Sridhar Ramamoorti