Data Analysis For Corporate Fraud Risk

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Other books by Alexis C Bell

About the author:
A leading visionary and pioneer in the forensics field, Alexis Bell is changing the approach to forensic accounting through her uniquely scientific method. Years of research into the profiles of organizations at risk for fraud led her to develop a highly-specialized work approach to assist with the field of forensic analysis.

Through systematic analysis and utilization of her reality-based risk model, Ms. Bell is able to show her clients how to approach due diligence/fraud risk assessment and auditing decisions objectively and effectively, ultimately saving companies and government agencies thousands or even millions of dollars. She is driven by a personal conviction that reduction of fraud is not only just, it is one of the most important keys to economic health and growth at both the micro and macro levels. "Reduction of fraud means increasing the element of trust," Ms. Bell says, "and trust is the foundation of economic investment and health."
An accomplished academic, Ms. Bell has most recently become an ASCENT Fellow of the Mastering Management Program with Tuck Executive Education at Dartmouth. She has degrees from Cornell University (Bachelor of Science in Applied Economics and Management) and Southwestern Community College (two Associate of Applied Science degrees in Accounting and Business Administration), but her work is notably different from that of most academics. Her research, analysis and solutions are based in her clients' actual situations and hard evidence, not academic theory alone.

Ms. Bell has investigated a multitude of domestic and international fraud cases for a variety of organizations over the course of her career. She is a Certified Fraud Examiner (133649) and Private Investigator (4590) licensed by the Private Protective Services Board of the State of North Carolina. She has been featured on Financial Executives International Television (FEI TV) and is frequently featured as a speaker at financial and forensic conferences and events.

Data Analysis For Corporate Fraud Risk

Ratio Red Flags For Fraud

Authored by Alexis C. Bell

All companies have an inherent risk for fraud estimated at 5% of revenue, according to the 2006 ACFE Report to the Nation on Occupational Fraud and Abuse. In response to the inherent risk for fraud, many companies are developing anti-fraud programs. The ultimate goal of an effective anti-fraud program is to mitigate risk to the organization due to fraud through a combination of preventative, detective, and deterrent controls. Ratio analysis is performed around specific financial relationships to identify areas of concern, or red flags, as a part of the company's detective controls over fraudulent financial reporting.

The ratio red flags for fraud analysis provide indicators that are meaningful at varying levels such as store versus consolidated. It incorporates both the balance sheet and income statement for a complete analysis. The analysis indicates indicators for a company experiencing economic difficulty which can trigger potential earnings management in the future. It provides indicators of fraud currently occurring for broad categories of fraud as well as for specific fraud schemes. Finally, the analysis includes an initial assessment that can then transition to the continuous monitoring process as part of the on-going anti-fraud program.

Whether you are a forensic accountant interested in where to start an investigation, an internal auditor interested in due diligence for fraud, an analyst interested in identifying aggressive accounting tactics, or an external consultant interested in adding value for your clients, ratio red flags for fraud analysis will give you an effective tool for your anti-fraud process.

Publication Date:
1475086326 / 9781475086324
Page Count:
Binding Type:
US Trade Paper
Trim Size:
6.14" x 9.21"
Full Color
Related Categories:
Business & Economics / Accounting / General

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