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This title features step-by-step guidance for board members and executives on preventing and detecting accounting fraud. In the wake of highly publicized allegations of accounting irregularities and fraudulent financial reporting that are shaking up today's corporate community, Financial Fraud Prevention and Detection provides a step-by-step guide to how these crises can envelop a company and how to prevent them from happening in the first place. It is written for almost everyone involved: outside directors, audit committee members, senior executives, CFOs, CPAs, in-house lawyers, and outside law firms. It provides a blueprint for Fraud Prevention and Detection for corporate executives. It presents step-by-step guidance to corporate boards and C-suite executives on managing the threat of accounting fraud. It prepares directors and executives for the possibility of accounting irregularities. It answers the question of how accounting fraud starts - and grows. With solid strategies for prevention of accounting fraud as well as a process to follow when fraud has been discovered, Financial Fraud Prevention and Detection vividly explores the corporate environment that causes fraud, how it spreads, the kind of crises it can create for a company, and the best ways to deal with it.