"How to prevent and detect corporate fraud!!"

Under COSO 2013, Principle 8: "The organization considers the potential for fraud in assessing risks to the achievement of objectives".

Corporate fraud is more prevalent today than ever before. Layoffs, pressures, incentives, anonymity, computerization, and lack of privacy are all contributing factors.

Fraud consumes an estimated 5% of corporate revenues. How can the auditor, investigator, accountant, financial analyst, attorney or business owner deal with fraud? By understanding fraud, the perpetrators, and the breakdowns in internal control you can develop a program to detect and prevent it.

We will examine in this CPE seminar the many facets of corporate fraud: the schemes, the motives, the opportunities, the problems and the risks. We will "slice and dice" the frauds and then we will examine how we can deter, detect and correct the underlying internal control problems.

This timely CPE seminar is designed for the CFO, Controller, CAO, internal control specialist, CFE, internal auditor and others who have to create an effective fraud detection and prevention program under COSO 2013.

Seminar Highlights

- Major fraud risk categories

- Best practices in conducting a fraud detection and prevention program

- Understanding a fraud risk assessment

- Value of a fraud detection and prevention program

Learning Objectives

- Attendees will understand how a fraud risk assessment is conducted

- Attendees will learn how to identify fraud risks

- Attendees will review best practices in fraud detection programs

- Attendees will learn how to evaluate and document internal controls mitigating fraud risks

Key Issues on the Agenda

Introductions

Section 1 - Internal Control Frameworks of Fighting Fraud

- Occupational fraud defined

- Risk control balance

- Controls for SOX compliance

- What is COSO 2013?

- What is COBIT?

- AICPA SAS 99

Section 2 - Understanding the Fraud Perpetrators

- Corporate psychopath

- Fraud triangle

- Fraud by entity

- Fraud by industry

- Fraud by occupation

- Behavioral red flags

- How is fraud discovered?

Section 3 - Fraud Classification

- Asset Misappropriation

- Corruption

- Financial Statement

Section 4 - Financial Statement Fraud Schemes

- Definition

- How Can Fraud Happen?

- Who is Responsible?

- "Fraudit" testing

Section 5 - Preventing and Detecting Financial Statement Fraud

- Prevention - Financial Statement Fraud

- Detection - Financial Statement Analysis

- Financial Ratio Analysis

- Inspecting financial transactions

Section 6 - "Best Practice" Anti-Fraud Controls

- Fraud Policy

- Outsourced hotline

- Anonymity

- Communications flows

- Codes of conduct - expectation setting

- Segregation of duties

- Internal audits - Physical security

- Human resources policies

- Effective entity level controls

- Continuous monitoring

Section 7 - Software Tools and Techniques for fighting Fraud

Section 8 - Creating a Fraud Risk Assessment

Section 9 - "I found fraud and now what?"

Section 10 - Summary and Wrap-up

The creator of this program is David S. Marshall, a Principal with Infotech Global Audit and Security; this consulting firm specializes in internal auditing, information technology, security, regulatory compliance and fraud investigation. Dave is the co-founder of Corporate Compliance Seminars. He is the President of the Greater Chicago Chapter of the Association of Certified Fraud Examiners and is a Director on several Boards. With over 20 years of experience, he is an authority on assessing and strengthening internal control. Dave helps companies of all sizes.from start-ups to multi-nationals improve their business by improving their internal controls.

Our programs are CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations.

Corporate Compliance Seminars has been created by experts who enjoy providing CPE classroom training, workshops and consulting on internal controls, internal auditing and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, GRC, IFRS, AICPA, GAO and IIA Standards.

Corporate Compliance Seminars presents CPE to auditors, compliance and IT professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule compliance, auditing, internal controls, IT security and compliance, and fraud prevention and detection.

Corporate Compliance Seminars allows the attendee to earn Official NASBA CPE credit.

Our seminars focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging training.

"Please contact the event manager Marilyn (marilyn.b.turner(at)nyeventslist.com ) below for:

- Multiple participant discounts

- Price quotations or visa invitation letters

- Payment by alternate channels (PayPal, check, Western Union, wire transfers etc)

- Event sponsorships

NO REFUNDS/TRANSFERS ALLOWED ON REGISTRATIONS

Prices may go up any time. Service fees included in pricing.

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ELA191025CEV

"Frauditing" Internal Controls to Prevent and Detect Corporate Fraud (CCS

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