Why Fraud Happens and What to do: Critical Concepts on How to Prevent, Detect and Mitigate FraudInquire Now
Auditors and financial managers are not expected to have the expertise of forensic investigators, but they should have adequate knowledge of the aspects of fraud and maintain a skeptical mind when it comes to reviewing potential violations. Like internal controls, the economy and business strategy, fraud continues to evolve and auditors must stay abreast of its root causes. This training program will highlight these root causes and detail suggested mitigation and investigation techniques.
WHY SHOULD YOU ATTEND
Inherently, organizations strive to ensure the individuals they hire are honest and ethical. In the same vein, executives often find themselves avoiding the open topic of fraud awareness because of the concern that “fraud awareness may lead to people committing fraud”. However, this very fact can itself contribute to an atmosphere that allows inappropriate behavior to happen. Depending upon the fraud perpetrated the professional who takes on the investigative and examination role may vary. However, all compliance and risk professionals can perform a vital role in their organizations’ anti-fraud program.
This webinar will address why most organizations would agree that pro-active identification of risks is more beneficial than reactive mitigation. Similarly, it will discuss how a pro-active process for training and educating the employee population about fraud can serve a much greater benefit than simply reacting to identify instances of fraud.
- The psychology of fraud and connection to the fraud triangle and fraud diamond
- Understanding the white collar criminal mind
- Typical high risk fraud processes and fraud red flags
- Unique methods for management and auditors when investigating and identifying fraud
- The value in anti-fraud programs
- Employing COSO 2013 within fraud concepts
- Considerations for reporting procedures when fraud is identified
- Internal controls and other fraud prevention measures
- Who should manage anti-fraud activities?
- Best practices and methods for fraud detection
- Risk prevention and fraud mitigation processes and measures
WHO WILL BENEFIT?
- Financial managers
- Controllers and corporate managers
- Forensic and management accountants, accounts payable, and financial analysts
- Governance, risk management, and compliance professionals
- Internal and external auditors, CPAs and CAs
- Certified fraud examiners and other anti-fraud professionals
Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. Lynn has 20 years of experience working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, and financial management and compliance.
She has held two chief audit executive positions for international companies. Since 2008, she has served in positions where she was responsible for internal audit, enterprise risk management, and Sarbanes-Oxley. She has a private consulting and training business, and she has developed and delivered leading edge training sessions on COSO, internal audit, ERM, accounting, leadership, governance, compliance, and ethics. She delivers training for the American Institute of Certified Public Accountants, Institute of Internal Auditors, and multiple seminar and training groups.
Lynn is the author of two technical books that released in 2015: Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations; Leading the Internal Audit Function. In addition, she is a frequent blogger on the LinkedIn platform and has also had numerous articles published in professional and technical publications. She is currently authoring a third technical book on corporate ethics and the internal auditor’s challenge. She has worked as an adjunct instructor for the School of Business at Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. She has obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
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