Forensics Journal - Stevenson University 2010 | Page 35

FORENSICS JOURNAL

Book Review:

Corporate Resiliency: Managing the Growing Risk of Fraud
and Corruption by Toby Bishop and Frank Hydoski
Ken Johanning
The authors’ main idea presented in the book is that resilient companies can survive after a fraud has occurred. According to Bishop and
Hydoski (2009), “[R]esiliency can be viewed as doing the things necessary to minimize harmful effects and mobilize resources to facilitate
recovery” (p. 32). The authors provide advice on what can be done
to assess risk areas and controls that can be implemented to detect
fraud. In addition, guidance is provided on establishing investigative
programs in the event a fraud actually occurs so as to help minimize
its effect.

been put into place. Each of these components supports the theme of
the book: prepared companies can survive a fraud.
The fourth and final step outlines how a company should prepare for
a fraud and what actors need to be involved in preventing and investigating fraud. Investigations are crucial to limiting the fraud’s impact
and enacting steps to prevent future similar frauds. According to
Bishop and Hydoski, “In many instances, the way a company in ٕ