The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems

Praise for The Fraud Audit

"I totally agree with Leonard Vona that data mining, when used to its fullest, is the heart and soul of a good fraud audit program. Every auditor needs this book to better understand fraud scenarios and how data mining with audit software like IDEA can help uncover fraud. It's the most comprehensive and easy-to-read book on fraud auditing that I have ever seen." —Carolyn J. Newman, President and cofounder, Audimation Services, Inc.

"This book is unbelievable: a necessity as critical as a laptop for anyone who performs audits and is responsible for preventing or detecting fraud schemes and scenarios. Much like his first book, Fraud Risk Assessment: Building a Fraud Audit Program, Leonard takes his vast experience in auditing for fraud, along with how he thinks, contemplates, plans, executes, and concludes an engagement, and gives it all away in amazing detail. Identifying the specific steps and measures to complete a fraud audit from brainstorming through analyzing resulting red flags, Leonard includes specific risks, schemes, and concealment methods segregated by major cycle areas. His scientific approach to detecting fraudulent activity coupled with the depth and detail he provides is unsurpassed. As an added bonus, his included appendices go well beyond any audit programs I have ever encountered—this book is equivalent to having Leonard sitting right there with you as a resource on your engagement team."—Stephen A. Pedneault, CPA/CFF, CFE, founder and Principal, Forensic Accounting Services, LLC

"An essential sequel to Fraud Risk Assessment! The Fraud Audit bridges the gap between fraud risk assessment and its application and use with the audit program. Vona expounds on the use of 'data mining' as a tool to detect fraud schemes within the subsidiary and general ledger. Mr. Vona has provided an insightful teaching guide as well as a reference guide for all professionals."—Margaret J. Fredrickson, CPA, Founding Partner, Kirkland Albrecht & Fredrickson, LLC