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Friday, April 26, 2019 Roseland

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

8.0 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 Staten Island, NY

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

Renee 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 at 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; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications.

For several years, Renee has been an adjunct lecturer at a university in New York City. She has taught numerous undergraduate accounting and auditing courses. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the New York State Society of Certified Public Accountants (NYSSCPA), the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the National Conference of Certified Public Accountants Practitioners.

Renee has recently been nominated to the NYSSCPA board; Serves as chair of the NYSSCPA’s Professional Ethics Committee; the 2014- 2015 Chair of the NYSSCPA’s Nominating Committee, past Vice President of the NYSSCPA’s Staten Island Chapter, and a member of the NYSSCPA’s Financial Accounting Standards Committee. She is the past chair of the NJSCPA’s Accounting and Auditing Standards Interest Group and a member of the NJSCPA’s audit committee. She has also served as co-chair of the NJSCPA FASB and International Accounting Standards.

PRICING

$279.00 - Member

$379.00 - Non Member

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

Pre-Registration Closed

Online pre-registration for this event is now closed.

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COURSE DEVELOPER

American Institute of CPAs