Event Detail

Winning the Fraud Battle in the 21st Century: Prevention and Detection

Description:

On-line registration is closed. To register for this class, please email riscpamembers@riscpa.org.

Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into fraudsters. Discussion will include integrity and ethics, as well as how people may react in certain situations. We will also touch upon what lurks in the darknet along with cryptocurrency fraud.

Highlights:

Fraud's cost - ACFE's Report to the Nations; Ancillary costs Current economy - Microeconomics; Analyses COSO's Internal Control Framework - Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment; Errors & Irregularities - Does the auditor determine if fraud occurs? Power of morale - Shrink the fraud triangle; Motivation Deviant workplace behavior Historic schemes Why good folks go bad - What studies indicate; Five interesting findings; Red flags Combating fraud with controls Fraud prevention checklists The Dark Web

Objectives:

Understand the prevalence of fraud Realize how organizations may cause fraud without realizing it Comprehend the cost of fraud See how the new COSO Framework for Internal Control focuses on fraud Understand the importance of the environment Recognize potential tipoffs to fraudulent behavior Comprehend information that indicates how some people respond differently to certain factors Understand that there are many layers in fraud defense

Notes:

Frank Gorrell is a CPA licensed in the Commonwealths of Massachusetts and Virginia. He has been presenting CPE and other educational courses for over 14 years. Frank’s working career has spanned four decades in various jobs before getting his master’s in accountancy from Bentley University. He has been a CPA since the mid-1990s. Frank has been focused on internal controls, fraud prevention, and U.S. government accounting since 2004. For fun, Frank is an actor and singer.

Designed For:

CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source - would-be fraudsters. In addition, those who need discussion of controls used by fraud victim organizations and how

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