Fraud Investigation Reports in Practice

Convenience and Corporate Crime
1. Auflage 2024
ISBN: 978-1-032-30434-2
Verlag: Routledge

Buch, Englisch, 228 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 357 g

Investigation reports are written by fraud examiners after completion of internal reviews in client organizations when there was suspicion of financial wrongdoing. Fraud examiners are expected to answer questions regarding what happened, when it happened, how it happened, and why. This book presents a number of case studies of investigation reports by fraud examiners, offering a framework for studying the report as well as insights into convenience of fraud.

The case studies, including KPMG and PwC, focus on two important subjects. First, convenience themes are identified for each case. Themes derive from the theory of convenience, where fraud is a result of financial motives, organizational opportunities, and personal willingness for deviant behaviors. Second, review maturity is identified for each case. Review maturity derives from a stages-of-growth model, where the investigation is assigned a level of maturity based on explicit criteria. The book provides useful insights towards approaching fraud examinations to enable better understanding of the rational explanations for corporate fraud. The book is framed from the perspective of private policing, which contextualizes how investigation reports are examined.

This book is a valuable resource for scholars and upper-level students researching and studying auditing and investigation work in the corporate and public sectors. Business and management as well as criminal justice scholars and students will learn from the case studies how to frame a white-collar crime incident by application of convenience theory and how to evaluate a completed internal investigation by fraud examiners.

Zielgruppe

Postgraduate

Autoren/Hrsg.

Gottschalk, Petter

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Rechtswissenschaften Strafrecht
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

Introduction

1. Convenient Organizational Opportunity

High Social Status in Privileged Positions

Legitimate Access to Crime Resources

Disorganized Institutional Deterioration

Lack of Oversight and Guardianship

Criminal Market Structures

Interactions between Crime Enablers

2. Born Free by Ernst & Young

Reactions from the Accused

Offender Convenience Themes

Fraud Investigation Outcome

Investigation Report Maturity

Examination Consequences

Examiners Review Examiners

Norwegian Foundation Authority

Lacking Directorate Response

3. Danske Bank by Plesner

The Previous Bank Scandal

Offender Convenience Themes

Fraud Investigation Outcome

Investigation Report Maturity

4. Equinor Energy by PwC

United States Onshore Oil

Offender Convenience Themes

Fraud Investigation Outcome

Investigation Report Maturity

5. Hurtigruten Cruises by Wiersholm

National Symbol Hurtigruten

Offender Convenience Themes

Fraud Investigation Outcome

Investigation Report Maturity

6. Norfund Foreign Aid by PwC

Business Email Compromise

Executive Email Impersonation

Offender Convenience Themes

Fraud Investigation Outcome

Investigation Report Maturity

7. Obos Housing Facilities by KPMG

Cooperative Member Revolt

Motive Convenience Themes

Opportunity Convenience Themes

Willingness Convenience Themes

Investigation Report Outcome

Investigation Maturity Assessment

8. Samherji Fishing by Wikborg Rein

Al Jazeera News Investigation

Kveikur News Investigation

Samherji Fishing Press Release

DNB Bank Corrupt Transactions

Whistleblower Johannes Stefansson

Wikborg Rein Fraud Investigation

White-Collar Crime Convenience

Al Jazeera Investigation Evaluation

9. Wirecard Banking by KPMG

Motive Convenience Themes 205

Opportunity Convenience Themes

Willingness Convenience Themes

Investigation Report Outcome

Investigation Maturity Assessment

10. Stanland Autobiography

White-Collar Support Member

Offender Convenience Themes

How He Reinvented Himself

White-Collar Support Group

Conclusion

Bibliography

Index

Über Autor(innen)

Petter Gottschalk is Professor in the Department of Leadership and Organizational Behavior at BI Norwegian Business School. After two decades in executive positions in business, he joined academics to publish extensively on knowledge management, fraud investigation, white-collar crime, and convenience theory.