MARK J. NIGRINI, Forensic Analytics: Methods and Techniques for Forensic Accounting Investigations, Wiley Corporate F&A (New York, NY: Wiley, 2011, ISBN: 978-0-470-89046-2, 463 pages, $95.00).

The 2010 Report to the Nations on Occupational Fraud and Abuse, from the Association of Certified Fraud Examiners (ACFE 2010), estimated that fraud cost U.S. companies billions in 2009. Fraud is, therefore, a significant problem for which preventive and detective remedies are needed. Nigrini's book introduces the theory of Benford's Law and uses data sets to identify actual instances of fraud, fraud threats, and errors. The book deals with computer-assisted fraud detection, using statistical tests with varying degrees of complexity and rigor. The fraudulent activities of interest include: purchasing card fraud, internal reporting fraud, and financial statement fraud. In essence, Nigrini derives proposed mitigation techniques to the above fraud instances.

In order to achieve his underlying goals, Nigrini emphasizes the application...

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