Description
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 schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations. We also explore the darknet and cryptocurrency fraud.
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
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 that there are many layers in fraud defense.
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, Power of morale: Shrink the fraud triangle; Motivation, Why good folks go bad: What studies indicate; Five interesting findings; Red flags
Advanced Prep
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Leaders
Frank Gorrell
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.