Table of Contents
Preface iii
About the Editors v
Case Study 1 What Is A One Cent Error Worth? Dr. Donald L. Ariail 1
Case Study 2 That Trusted Employee D. Larry Crumbley 3
Case Study 3 Employee Fraud at Miami Rehabilitation Center Jeffrey E. Michelman Bobby E. Waldrup Alex Bird 5
Case Study 4 Big Oil versus Big Ideals Mary B. Curtis Eileen Z. Taylor 19
Case Study 5 American Food Suppliers Inc.: A Case Study in Fraud and Forensic Accounting Maria H. Sanchez Christopher P. Agoglia 31
Case Study 6 Dr. Sterling's Disability Insurance Claim Diane M. Matson Wen Yu 41
Case Study 7 Detecting Shell Companies with Dynamic Text Comparison Using Levenshtein Distances Mark W. Lehman Marcia Weidenmier Watson 55
Case Study 8 Knottyville Country Club: Asset Misappropriation Srinivasan Ragothaman 63
Case Study 9 Blackstone Valley Chiropractic Clinic: International Deferred Compensation Kevin E. Dow B. Charlene Henderson Marcia Weidenmier Watson 67
Case Study 10 Auditing a Private Third-Party Claims Processor for Medicare Yan Xiong Daniel W. Law 85
Case Study 11 The Misguided Bond Seth C. Anderson Kim Capriotti Vincent Shea 93
Case Study 12 A Form of Money Laundering D. Larry Crumbley G. Stevenson Smith 103
Case Study 13 Ponzi Scheme or Accounting Malpractice: Beware of Cowboys Wearing the White Hats D. Larry Crumbley Nicholas G. Apostolou 105
Case Study 14 Remaining Skeptical and Firm Dr. Donald L. Ariail 111
Case Study 15 The Use of Restructuring Reserves to Manipulate Repotted Income at Moonstay Corporation Alan A. Cherry 113
Case Study 16 The Obvious Fraud David O'Bryan Jeffrey J. Quirin 121
Case Study 17 Cash Embezzlement Over 12 Years Hugh Grove 127
Case Study 18 Searching Public Sources for Forensic Accounting Evidence D. Larry Crumbley 131
Case Study 19 Texahoma Highway Construction Les Livingstone 133
Case Study 20 Moha Computer Services Limited Srinivasan Ragothaman 139
Case Study 21 Business Valuation of Branson Trucking Company Lester Heitger 145
Case Study 22 An Integrated Forensic Accounting Case: Tech Tennis-USA Brian Patrick Green Thomas G. Calderon 153
Case Study 23 Janet Janitorial and the Case of the Serious Service Business: A Financial Statement Analysis Case David C. Hayes Sarah Bee 169
Case Study 24 The Escheat Cheat: A Short Story Caitlin Mohs 175
Case Study 25 Finding the Missing $6,000 Theft D. Larry Crumbley 187
Case Study 26 Is the Current Use of Impression Management by Professors in the Classtoom Similar to Earnings Management by Corporate Executives? D. Larry Crumbley Kenneth J. Reichelt 189
Case Study 27 Is the Widespread Use of Test Banks by Students Fraud? D. Larry Crumbley Christine Cheng 197
Case Study 28 Fighting International Fraud with the FCPA Priscilla Burnaby Susan Hass Brigitte Muehlmann 199
Case Study 29 Consideration of Fraud in a Financial Statement Audit Charles J. Russo Amber Stone Charles L. Martin, Jr. 205
Case Study 30 The Valuation of Economic Damages James A. DiGabriele Peter L. Lohrey 217
Case Study 31 Adding Mathematical Statistics to the Auditor's Tool Box Eddward Herron Jack Knorr Joseph T. Kastantin 225
Case Study 32 Green Tech Manufacturing: Fraud and the Independent Auditor Diane Matson Lawrence Chui 245
Case Study 33 The Fraud at High Flying Corporation: Developing Audit Interview Skills Diane Matson Kristine Sharockman Janice Raffieid 255
Case Study 34 Uncovering Majority Shareholder Fraud in a Closely-Held Corporation: A Case Study to Develop Forensic/Tax Investigation Skills Cynthia E. Bolt Richard W. Powell 279
Case Study 35 Diamond Foods' Payments to Nut Growers Priscilia Burnaby Susan Hass Donna McConville 285
Case Study 36 The Dixon City Embezzlement: A Rita Crundwell Story Priscilia Burnaby Susan Hass Donna McConvilie 289
Case Study 37 Mani/Pedi? Credit Cards Not Accepted Cynthia E. Bolt 291
Case Study 38 Exclusive Restaurant or a Front for Illegal Gambling Cynthia E. Bolt 295
Case Study 39 Madon Oilfield Services, Inc. Christopher E. Peters 297
Case Study 40 Southlake Hematology/Oncology Associates Wilson A. LaGraize Jr. 319
