Upon the recommendation of a colleague who is well versed in financial forensics, I purchased this book. It contains a book-within-a-book Companion Sectionfor financial valuation and litigation specialists. He is a nationally recognized expert witness, speaker, and author and has trained many organizations in twenty-four U. In most forensic engagements, the accountant will have a general approach to the matter an audit program if you will for all the auditors out there. Armed with the methodology and techniques, expert witnesses are able to defeat many forseeable Daubert challenges among others.
It provides a one-stop source of financial forensics tools, techniques, methods, and methodologies that captures and codifies the myriad methods that define the profession's body of knowledge. He is a nationally recognized expert witness, speaker, and author and has trained many organizations in twenty-four U. Many of the tools have never before beenpublished. Dorrell and Gadowski use combat analogies? This book pulls together a concise and comprehensive methodology for approaching any forensic investigation or financial matter. After the course, and obtaining a copy of this very thorough book, I feel so much more equipped to pursue this path in my career.
To my relief, his webinar overlaps with many parts of this book. This work should be a part of every forensic accountant's library. I highly recommend this book to all professionals practicing in financial forensics and forensic accounting. The attendees have includedvirtually all entity types, including federal, state and localgovernment and law enforcement, e. While I don't want to sound like a pie-eyed teenager, this man is the Godfather of Forensic Accounting a bit of an inside nickname given during class. It contains a Reader Lookup Table that permits everyone in the financial community to immediately focus on the pertinent issues.
Contents: Part One: Financial tools, techniques, methods and methodologies -- ch. From the Back Cover: The most definitive and comprehensive guide to financial forensics and forensic accounting known to exist Financial forensics and forensic accounting have become household terms, thanks to extensive media coverage of high-profile corporate failures, institutional collapses, and profligate government spending. This books is revolutionary to the field of forensic accounting and provides its readers with a deep understanding of the core differences between forensic accounting and fraud. The two principal authors have trained literally thousands within the financial community in various aspects of the content during the last several years. Let's face it, had anyone applied these techniques to Enron, Tyco, Worldcom, etc. This particular edition is in a Hardcover format. This process map, while daunting at first view, is brilliant in its simplicity.
Darrell is one of the best of the best. What makes him special is that he is always willing to listen. The feedback has been universally positive and prompted the construction of this book. Financial Forensics Body of Knowledge is an excellent resource for any forensic accountant. You owe this to your clients, and the profession, which needs highly trained and skilled financial forensic operators.
It was published by Wiley and has a total of 560 pages in the book. That deficiency has plagued our economy. I now have the Kindle edition because it allows me to make better use of my time when it is not practical to lug the book onto a plane. They are practitionersfirst and foremost and heavily experienced in instructionalsettings. Dorrell expand upon at conferences , g the review of financial ratios and useful statistics for data analysis with many good examples, h the review of Benford's Law and Digital Analysis with examples in two different chapters, i the reminder of the importance of the cash flow statement with examples, j the coverage of the trial and reports phase which usually gets no coverage at all , k the reminder in Chapter 7 that forensic analytics can help with matters of strategic national importance, l the interesting example in Chapter 7 of financial statements that include laundered money, m the don'ts and do's list for when you suspect embezzlement, n the forensic inventory in the appendix, and o the many references to websites that have information related to the matters covered in the book. This approach may take one of serveral paths, flowcharts, checklists, written procedures, you get the idea. Without the methodology and techniques contained within their book, many forensic accountants are powerless on cross-examination against educated and experienced lawyers.
The book is exceptionally well organized and thought out in every minutia of detail. There is an extensive list of definitions toward the end of the book which I found to be extremely useful. It contains a book-within-a-book Companion Section for financial valuation and litigation specialists. I have been engaged in numerous forensic accounting matters over the last several years, but my approach has been experiential. But the part that made me know that the review is pimarily tripe was the insinuation that the materials were somehow not the authors.
He is very knowledgeable and highly technical professional. This book is exactly what this industry has needed for a long time. You will be able to immediately and appropriately apply what you learn here. I'll be looking for the class other reviewers have mentioned. The book is designed to help you easily find what you need. As Steph wrote, I too used this book in a course we took together and which was presented by both authors.
The two principal authors have trained literally thousands within the financial community in various aspects of the content during the last several years. They are practitioners first and foremost and heavily experienced in instructional settings. The 300+ forensic accounting tools and techniques that are discussed in this books cannot be found in any other book of this kind. Overall, I was disappointed that I spent this much money on a book that mainly cut and pasted great technical ideas from others. The concept of financial forensics seemed so vast, and I wasn't quite sure where to begin. Dorrell is a first-class forensic operator, but more than that, he's passionate about it.
If there is any single resource with a multitude of references for forensic work, it is this book. I have received very positive feedback from several lawyers who commented about how much they learned specifically about their forensic methodology and techniques. Darrell Dorrell and Greg Gadawsky, both with Financial Forensics, Lake Oswego, Oregon, are two of the nation's leading minds in financial forensics today. Financial Forensics Body of Knowledge is the most all-inclusive guide to forensic accounting available to date. Until now, I could only find rather vague publications. If only following traditional audit protocols, I truly doubt that I, nor any other auditor would have discovered this fraudulent check writing scheme. If he had, he would know that the combat symbolism is damn accurate.