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Friday, April 26, 2019 Live

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes (E1904183)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material and frequently recurring frauds succeed? One reason is that business owners, management, auditors, and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds. Another major reason is that the reporting and transaction processing systems do not have adequate controls to either prevent and/ or detect these schemes. Find out how these major frauds are perpetrated (including real-world examples) and the types of cost-effective controls that can be implemented to identify and prevent these deceptive acts.

DESIGNED FOR

Business owners, managers, supervisors, employees, accountants and auditors.

BENEFITS

  • Identify the findings and implications of major fraud studies
  • Identify the risk factors and red flags for each of the top ten fraud schemes
  • Determine design controls into systems to mitigate these fraud risks
  • Distinguish the methodology of how these frauds are committed
  • Identify trends in various types of fraud

HIGHLIGHTS

  • Major financial statement frauds, including, corruption conspiracies regarding sales and other types of revenue, estimates, journal entries, and other accounts
  • Major misappropriation of asset frauds, including skimming, larceny and embezzlement involving inventory, payables and other accounts
  • Ponzi and asset flip schemes
  • Control implementation ideas
  • Risk factors in accordance with the revised authoritative guidance on fraud

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in accounting and reporting.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Renee Rampulla

Renee Rampulla, CPA, CGMA

Renee Rampulla, CPA, CGMA has over 30 years of professional experience. She writes and lectures on technical accounting and auditing issues. Renee has experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors to financial services.

She was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. She is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers, and others. By devoting several years of her career to both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; collaborated closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications.

Renee Rampulla is a frequently requested speaker and is an instructor and author of several continuing professional education (CPE) courses for the AICPA, numerous State CPA Societies, and other organizations, covering a variety of FASB and IFRS accounting guidance along with private and public company auditing standards. She has taught over 1,000 CPE courses.

She is a five-time recipient of the AICPA’s Outstanding Instructor Award and a recipient of the 2016 New Jersey Society of CPAs “Women of Note”.

Renee Rampulla is a national standard setter, who currently serves as a member of the AICPA’s Auditing Standards Board (ASB). She just completed a three-year term as a member of AICPA council and served on the AICPA’s Ethics Enforcement Committee. She has served as Vice President of Professional Issues for the New York State Society of CPAs (NYSSCPA), is a past member of the NYSSCPA Executive Committee and former NYSSCPA Director at Large board member. Renee Rampulla also served as the chair of the NYSSCPA’s Professional Ethics Committee from 2015 – 2017, and in 2018 was the President of the NYSSCPA’s Staten Island Chapter. Previously she served in the capacity of several leadership positions for the NYSSCPA Staten Island chapter, including chapter Vice President. She is a member of the NYSSCPA’s Financial Accounting Standards Committee; Sustainability Committee; and Professional Liability Committee and a past member of the International Accounting and Auditing Committee. Renee chaired the NYSSCPA’s 2014 Nominating Committee and was a recent member of that committee in 2021. She served on the New Jersey Society of CPA (NJCPA) Audit Committee from 2015 - 2018; was the 2012 – 2014 Chair of the NJCPA Accounting and Auditing Standards Interest Group and previously served as the 2011-2012 Vice-Chair. She has also served as co-chair of the NJCPA Accounting Standards and IFRS sub-committees of the Accounting and Auditing Standards Interest Group. Renee Rampulla has also chaired two NYSSCPA Task forces, the CPA Evolution Task Force, and the CPA Exam Task Force.

For several years Renee was an adjunct lecturer at Hunter College, a City University of New York City, teaching various undergraduate accounting, auditing, and research courses.

PRICING

$279.00 - Member

$379.00 - Nonmember

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs