They may be downloaded free of charge from the AICPA's Antifraud and Corporate Responsibility Resource Center. 

According to John Morrow, Vice President of the New Finance at the AICPA, "Too many people these days are faced with situations where they may be coerced or tempted to look away from unclear or ambiguous business issues that should be corrected. Most times you don't ask to be put in these situations, you suddenly just find yourself in the middle of it. While you may realize it isn't right, sometimes you don't know how to get out of it for a variety of reasons."

Morrow believes these case studies will help a wide range of business people from bookkeepers to auditors, from students to senior executives. On the practical implications of these case studies, Morrow adds, "Our tough economic environment coupled with the recent wave of corporate scandals makes these cases particularly timely.

The expert commentary offers alternatives on how to face unfamiliar situations, and exposes potential dangers in the situation's resolution. We are enthusiastic that these compelling real-life case studies will enable CPAs, managers and executives to sharpen their professional judgment and, ultimately, 'do the right thing.' We want to thank our volunteer members as well as our expert commentators for their terrific contribution to the body of knowledge on fraud."

A sampling of the case studies follows:

-- A Young CPA Stands His Ground: Revenue Recognition for a High-Tech Startup

-- Loose Controls at an NPO: Internal Controls and Fictitious Invoices

-- Cybrealty: Revenue Recognition of Stock Options and Stock Placement

This is the latest installment in AICPA's multifaceted anti-fraud campaign that President Barry Melancon announced in a September 2002 speech at the Yale Club in New York. The campaign began in with the release of a new standard that gives auditors expanded guidance in detecting fraud. The Institute, along with other professional organizations, followed quickly with anti-fraud training and tools for audiences ranging from rank and file employees to boards of directors. For a complete menu of AICPA's anti-fraud initiatives, please visit the AICPA Antifraud & Corporate Responsibility Resource Center.