Principles of Fraud Examination 2nd edition by Joseph T. Wells


Joseph T. Wells is a master at communicating fraud examinations techniques to those interested in Occupational Fraud and Abuse. The Book, Principles of Fraud Examination, starts off with a basic overview of the history of Occupational Fraud and Abuse. Touching up on subjects like Donald Cressey’s Fraud Triangle, Dr. W. Steve Albrecht’s Fraud Scale, Richard C. Hollinger’s and the Hollinger-Clark Study, and a ton of statistics from the 2006 National Fraud Survey conducted by the Association of Certified Fraud Examiners. (ACFE)

The book is well laid out with three main categories of occupational Fraud and Abuse (Corruption, Asset Misappropriations, and Fraudulent Statements). The book then breaks each section down further into specific areas to help Fraud Examiners categorize each type of fraud. Each chapter ends with a summary, essential terms, review questions, discussion issues, and endnotes. Perhaps the most useful tool for fraud examiners is the addition of Proactive Computer Audit Tests for detecting the many of the different types of fraud. These tests will provide details that can help an organization detect occupational Fraud and Abuse.

While some books about fraud can get boring, Principles of Fraud Examination 2nd edition, keeps you entertained by giving real world examples pulled from different areas in the financial world. Joseph T. Wells brings Occupational Fraud to life with his enthusiasm and dedication in Fraud Examination. I would recommend this book to anyone who wants a better understanding of Occupational Fraud and Abuse.


By: Joseph Dustin

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