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

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By Sridhar Ramamoorti

Get useful insights at the psychology of white-collar criminals—and the way 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 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 hence making them rather at risk of deception. simply because it specialists gave us desktop forensics, now we have a uniquely certified group immersed in psychology, sociology, psychiatry in addition to accounting and auditing, introducing the rising box of behavioral forensics to deal with 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 trap a criminal! The A.B.C.'s of Behavioral Forensics takes you there, with professional suggestion from a various yet hugely really expert authoring workforce 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 particular agent who has been with investigative practices of 2 of the massive 4 enterprises, an business psychiatrist who has labored heavily with the C-level suite of enormous 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 publication 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 e-book will make you're taking an extended glance while hiring new staff and gives a deeper extra advanced knowing of what occurs in firms and of their humans. The A.B.C. version also will support these inside and out agencies inoculate opposed to fraud and make you give some thought to 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. eventually, you'll find that, used correctly, behavioral tools trump exclusively financial incentives. With enterprise 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 chance administration execs, the forums of administrators, regulators, and HR professionals.

  • Examines the psychology of fraud in a pragmatic approach, pertaining to it to points of fraud prevention, deterrence, detection, and remediation
  • Helps you know that belief violation—the essence of fraud—is a betrayal of behavioral assumptions approximately "trusted" people
  • Explains how stable humans cross undesirable and the way differently sincere humans pass the line
  • Underscores the significance of making a tradition of excellence and integrity that inoculates a company from fraud possibility (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 developing and conserving a tradition of keep watch over consciousness
  • Includes narrative debts of interviews with convicted white-collar criminals, in addition to interpretive insights and research in their rationalizations
  • Furnishes rules approximately the way to improve expert skepticism, find out how to withstand fraudsters, how you can see via their schemes, easy methods to infuse inner controls with the people/behavioral point, and lead them to more advantageous in addressing behavioral/integrity risks
  • Provides a superior beginning for education courses around the fraud hazard administration lifestyles cycle the entire manner from the invention of fraud to its research in addition to remediation (so an analogous fraud does not occur again)
  • Enables auditors/investigators to have interaction in self-reflection and keep away from cognitive and emotional biases and traps that bring about specialist judgment error (e.g., overconfidence, affirmation, self-deception, groupthink, halo influence, 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 difficulty precipitating the Dodd-Frank Act of 2010, fraud has been a number one trouble for executives globally. in case you suggestion you knew every little thing there has been to grasp approximately monetary fraud, reconsider. Get the genuine scoop with The A.B.C.'s of Behavioral Forensics.

Content:
Chapter 1 Fraud Is in all places (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 summary of A.B.C. idea (pages 41–54):
Chapter four past the Fraud Triangle and into the brain: The construction 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 technology basics into movement (pages 81–119):
Chapter 6 The unintentional Fraudster (Bad Apple): while 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 handling 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 enrich monetary Fraud Suspicions (pages 195–212):

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

Get sensible insights at the psychology of white-collar criminals—and easy methods to outsmart themUnderstand how the psychologies of fraudsters and their sufferers have interaction in addition to what makes auditors/investigators/regulators permit down their protect. 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 consequently making them rather at risk of deception.

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

Example text

Gadawski, Financial Forensics Body of Knowledge (Hoboken, NJ: John Wiley & Sons, 2012) for methods and techniques of forensic accounting, auditing, and fraud detection. 3. S. 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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  I P A R T WHEN FRAUD IS COMMITTED R eading the headlines about another fraudulent scam is upsetting on many levels. When the story is one in which the money stolen is in the billions—and thus beyond conceptualization for the average person, who never crosses paths with such large sums—the media accounts stoke rage and provoke calls for justice. In the allied professions of management and accounting, similar feelings are aroused.

Ariely, The (Honest) Truth about Dishonesty: How We Lie to Everyone—Especially Ourselves (New York: HarperCollins, 2012). 5. Donald Ray Cressey, “Management Fraud, Accounting Controls, and Criminological Theory,” in Management Fraud: Detection and Deterrence, ed. R. K. Elliott and J. J. Willingham (New York: Petrocelli Books, 1980), 118. 6. David R. Saunders, “Psychological Perspectives on Management Fraud,” in Management Fraud: Detection and Deterrence, ed. R. K. Elliott and J. J. Willingham (New York: Petrocelli Books, 1980), 108.

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