E-Book Overview
Corporate Resiliency by authors Bishop and Hydoski is very well done. The book is easy to read and provides a wealth of information, especially for those who are navigating the anti-fraud environment for the first time. Managers, executives, board and audit committee members as well as experienced internal and external auditors will find the information and suggestions helpful and practical. As an experienced professional working in the field, I identified new ideas and unique ways of looking at the world. Like it or not, anti-fraud efforts are here to stay and many are saddled with this responsibility for the first time. Thought leaders Toby bishop and Frank Hydoski deserve credit for attacking the issues head-on in a thoughtful manner. I would highly recommend this book.
E-Book Content
Corporate Resiliency Corporate Resiliency MANAGING TH E G R O W I N G RI S K OF F RA U D AND C O RRU PTI O N Toby J.F. Bishop Frank E. Hydoski John Wiley & Sons, Inc. Copyright © 2009 by John Wiley & Sons, Inc. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008, or online at www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and authors have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services, or technical support, please contact our Customer Care Department within the United States at 800762-2974, outside the United States at 317-572-3993 or fax 317-572-4002. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. For more information about Wiley products, visit our web site at www.wiley.com. Library of Congress Cataloging-in-Publication Data Bishop, Toby J. Corporate resiliency : managing the growing risk of fraud and corruption / Toby J. Bishop, Frank E. Hydoski. p. cm. Includes bibliographical references and index. ISBN 978-0-470-40517-8 (cloth) 1. Fraud. 2. Corruption. 3. Risk management. I. Hydoski, Frank E. II. Title. HV6691.B476 2009 658.4'73—dc22 2008052097 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Contents Foreword xi Preface xv Acknowledgments xix Introduction xxi Part One: Fraud and Corruption Today Chapter 1: Can We Eliminate Fraud and Corruption? Not a pretty picture Focusing on the larger