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Fraud Examination 4th Edition

W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman

  • Published
  • Previous Editions 2009, 2006, 2006
  • 696 Pages


Help your students understand the growing significance of fraud in today's accounting world as the latest edition of this engaging text teaches how to identify, detect, investigate, and prevent financial fraud. FRAUD EXAMINATION 4E closely examines the nature of fraud using memorable business examples and captivating actual fraud including recent developments in e-business fraud. Students explore how technology is increasingly involved in fraud and how it can be used to detect fraud as well as what the legal options are for victims of fraud. Significant new discussion of forensic analysis expands students' understanding of the field, while a fresh, clean design increases readability and student appeal. New learning features and strong end-of-chapter exercises draw attention to the most important information and drive critical thinking.

W. Steve Albrecht, Brigham Young University

W. Steve Albrecht is the Andersen Alumni Professor of Accountancy in the Marriott School of Management at Brigham Young University. He received a bachelor’s degree in accounting from BYU and MBA and PhD degrees from the University of Wisconsin. He is a Certified Public Accountant, Certified Internal Auditor, and Certified Fraud Examiner.

Chad O. Albrecht, Huntsman School of Business, Utah State University

Dr. Chad O. Albrecht, assistant professor at Utah State University, received his PhD from ESADE Business School in Barcelona, Spain, and currently teaches forensic accounting and ethics. His research focuses on international fraud and corruption from a humanistic perspective. His research articles have appeared in numerous journals and have been quoted in multiple news outlets. Previous to his doctoral studies, Dr. Albrecht worked as a licensed stockbroker for the Bank of Montreal. He currently serves as associate editor of Cross Cultural Management: An International Journal, a peer-review journal by Emerald Publishing.

Conan C. Albrecht, Brigham Young University

Dr. Conan C. Albrecht, associate professor of Information Systems at Brigham Young University, teaches enterprise development, middleware, and business programming. Dr. Albrecht researches computer-based fraud detection techniques, e-commerce platforms, and online group dynamics. He has published several articles on fraud detection and information theory in numerous academic and professional outlets. He is currently developing an open source framework for computer-based fraud detection. The core of this research is detectlets, which encode background and detection information for specific fraud schemes. He hopes the system will eventually serve as the foundation of a large, online repository of detectlets about all types of fraud in the next few years.

Mark F. Zimbelman, Brigham Young University

Dr. Mark F. Zimbelman is an accounting professor and Selvoy J. Boyer Fellow at Brigham Young University (BYU). He teaches classes on auditing and fraud examination and focuses his research exclusively on fraud. His research has been published in numerous academic journals and he has worked with the American Institute of Certified Public Accountants and the Institute of Internal Auditors in writing various publications on fraud. Dr. Zimbelman received his CPA license and worked for more than six years as a financial statement auditor and, later, as a controller in industry. After obtaining his PhD he worked with KPMG in their fraud and forensics practice. This opportunity provided hands-on experience investigating violations of the Foreign Corrupt Practices Act, financial statement fraud, vendor fraud, and embezzlement.
  • Discussions of recent fraud cases are used throughout the text including the Madoff Ponzi scheme (Chapter 15), Satyam financial statement fraud cases (Chapter 11), and firms involved in the subprime lending crisis (Chapter 11 e.g., Lehman Brothers) and others. New updates are also provided such as the third party company liability Enron case in Chapter 18 has been resolved since the last edition. The text is updated with the resolution of the fraud and how it impacts current fraud law.
  • The latest types of fraud that exist today and explanations on the technology that is most effective in detecting these forms of fraud are included. Chapter 17 includes new cases and examples that represent new technologies such as cloud-based storage like Amazon S3 and application platforms like Google App Engine and Facebook are included. These technologies present new challenges to fraud detection and prevention that were not present in other editions. New cases help students familiar with mobile platforms and social networks see fraud from these perspectives.
  • Improved readability and accessibility with new boxed features: Exciting new features, such as "Stop and Think," "Caution," and "Remember This" boxes emphasize important information for students and encourage readers to pause and consider the implications of chapter concepts.
  • Chapter 10 incorporates recent research on using verbal and non-verbal indicators to detect deception.
  • Chapter 11 includes updated statistical data from the recently released (May 2010) COSO study on financial statement fraud and builds on the prior edition by more fully discussing strategic reasoning.
  • Chapter 12 includes more information on non-financial performance measures including a new table that lists several potential non-financial performance measures.
  • New information on money laundering: Chapter 16: Bankruptcy, Divorce, and Tax Fraud are updated with the latest information on money laundering from the fraud field.
  • Strong emphasis on fraud detection, prevention, and investigation: A variety of information on preventing, detecting, and investigating fraud examines the nature of fraud perpetrators and why they commit fraud. Students learn to recognize the warning signs that fraud may occur as well as how to use technology most effectively to search proactively for fraud.
  • Authors' expertise in forensic accounting, fraud examination, and technology combines talents with innovative experts in fraud investigation technology to fill this edition with a wealth of intriguing cases and first-hand examples drawn from today's business.
  • Proven end-of-chapter materials: Actual fraud cases drawn from first-hand experience providing intriguing opportunities to apply concepts, while additional end-of-chapter exercises offer helpful practice and review.
1. The Nature of Fraud.
2. Who Commits Fraud and Why.
3. Fighting Fraud: An Overview.
4. Preventing Fraud.
5. Recognizing the Symptoms of Fraud.
6. Data-Driven Fraud Detection
7. Investigating Theft Acts.
8. Investigating Concealment.
9. Conversion Investigation Methods.
10. Inquiry Methods and Fraud Reports.
11. Financial Statement Fraud.
12. Revenue- and Inventory-Related Financial Statement Frauds.
13. Liability, Asset, and Inadequate Disclosure Frauds.
14. Fraud Against Organizations.
15. Consumer Fraud.
16. Bankruptcy, Divorce, and Tax Fraud.
17. e-Commerce Fraud.
18. Legal Follow-Up.

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1133458556
  • ISBN-13: 9781133458555
  • STARTING AT $23.49

  • STARTING AT $47.49

  • ISBN-10: 0538470844
  • ISBN-13: 9780538470841
  • Bookstore Wholesale Price $225.00
  • RETAIL $299.95

"It is very readable and interesting to students. Doesn't read like a dry manual as another commonly-used text does. It covers a lot of bases and is easy to select chapters from or modify the order in which the sections are covered."

"Comprehensive, thorough, practical, a useful tool, an easy read, professionally written and organized."

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.


Companion Website

ISBN: 9781305080546
Expand your students' understanding of fraud investigation and streamline class preparation with the numerous instructor and student resources available on this edition's robust companion website. Easily download password-protected instructor resources, including the Solution's Manual, Test Bank, and PowerPoint® slides. Students can review concepts using PowerPoint® slides, online quizzes, and other interactive learning tools.

Cengage Learning Testing, powered by Cognero® Instant Access for Albrecht/Albrecht/Albrecht/Zimbelman's Fraud Examination

ISBN: 9781305080942
Cengage Learning Testing Powered by Cognero® is a flexible, online system that allows you to create, edit, and manage test bank content from multiple Cengage Learning solutions. You can design multiple test versions in an instant and easily deliver tests from your learning management system, your classroom or wherever you want.