Deloitte Forensic Center Releases Book on Managing the Growing Risk of Fraud and...

Deloitte Forensic Center Releases Book on Managing the Growing Risk of Fraud
and Corruption

Solutions-Centered Book Designed to Help Guide Companies in Deploying
Strategies for Managing Risks

NEW YORK, May 11 /PRNewswire/ -- "Corporate Resiliency: Managing the Growing
Risk of Fraud and Corruption," a new book from the Deloitte Forensic Center,
published by John Wiley & Sons, Inc., is available starting today in major
bookstores and online.

Written by Toby Bishop, director of the Deloitte Forensic Center for Deloitte
Financial Advisory Services LLP, and Frank Hydoski, leader of Deloitte's
Analytic and Forensic Technology practice, the book provides a foundation for
boards, audit directors and senior executives to help reduce vulnerability and
enhance chances of recovery from instances of fraud and corruption. Comments
from interviews with key business executives provide global perspectives on
the increased threat of fraud and corruption risks and the techniques
companies can adopt to help combat them.

"Fraud and corruption have always been a problem facing businesses and
organizations, but happily there is growing realization that these crimes
undermine trust in government, companies and markets alike. Toby Bishop and
Frank Hydoski do not just recognize that problem, but clearly set out ways and
means for dealing with it," said Paul A. Volcker, former Federal Reserve
chairman and chairman of President Obama's Economic Recovery Advisory Board,
in a cover quote for the book.

"In today's global economy, fraud and corruption can more easily set off a
chain of events resulting in serious financial and reputational loss. In
light of the economic downturn, corporations around the world are experiencing
revenue drops and looking for ways to prevent a spike in fraud. Our book is
timely in that it directly addresses a concern of executives and boards today.
We discuss how a proactive fraud and corruption risk management process can
enhance corporate resiliency and how companies can identify fraud and
corruption risks and deploy strategies for managing those risks proactively,"
said Bishop.

"Specific fraud and corruption schemes increasingly depend on computer
technology," said Hydoski. "But companies with an interest in developing the
quality of resiliency can level the playing field by using continuous
monitoring technologies, advanced analytics and enterprise financial
management systems to help deter and detect both fraud and corruption, while
driving higher standards of compliance, transparency and efficiency."

Designed to help companies adopt a fraud and corruption risk management
strategy that can help to reduce vulnerability while increasing the ability to
recover if fraud or corruption occurs, the book reveals why resiliency in
today's companies is just as crucial as innovation, customer-centricity and
competitiveness.

"At a time of rising public demand for good corporate conduct, this book is a
welcome resource for those seeking to manage fraud and corruption risks," said
Nancy Zucker Boswell, president and CEO of Transparency International USA.

For more information, please visit
http://www.deloitte.com/us/corporateresiliency.

About the Authors

Toby J.F. Bishop is the director of the Deloitte Forensic Center for Deloitte
Financial Advisory Services in Chicago. A thought leader on fraud prevention
and detection, named five times to Accounting Today's Top 100 Most Influential
People in the Accounting Profession, he is the former president and CEO of the
Association of Certified Fraud Examiners, the global professional body for
anti-fraud specialists. He is a graduate of the University of Oxford.

Frank E. Hydoski is the leader of Deloitte's Analytic and Forensic Technology
practice. Internationally recognized for his work in complex investigations,
he served as chief of forensics for the Independent Inquiry Committee into the
United Nations Oil-for-Food Programme and led a key forensic effort in the
investigation of Holocaust-era accounts held by Swiss banks. He is a graduate
of San Diego State University and obtained his Ph.D. from the University of
Chicago.

About the Deloitte Forensic Center

The Deloitte Forensic Center is a think tank aimed at exploring new approaches
for mitigating the costs, risks and effects of fraud, corruption and other
issues facing the global business community. The Center aims to advance the
state of thinking in areas such as fraud and corruption by exploring issues
from the perspective of forensic accountants, corporate leaders and other
professionals involved in forensic matters. The Deloitte Forensic Center is
sponsored by Deloitte Financial Advisory Services LLP.

About Deloitte

As used in this document, "Deloitte" means Deloitte Financial Advisory
Services LLP and Deloitte Services LP, separate subsidiaries of Deloitte LLP.
Please see www.deloitte.com/us/about for a detailed description of the legal
structure of Deloitte LLP and its subsidiaries.

SOURCE Deloitte

Lauren Mistretta, Public Relations, Deloitte, +1-312-486-4259,
lmistretta@deloitte.com; or Shelley Pfaendler, Vice President, KCSA Strategic
Communications, +1-212-896-1248, spfaendler@kcsa.com