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Wednesday, March 25, 2020 Webcast

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes (E2003083)

8:30 AM - 4:30 PM EST

Registration: 8:00 AM EST

Webcast


8 CPE Credits in AA
New Location - VIRTUAL/WEBCAST ONLY. NO IN-PERSON

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

Jennifer Elder

Jennifer Elder, CPA, MS, CMA, CIA, CFF, CGMA
(4.7)

AICPA/Professional Development Institute

Jennifer H. Elder, CSP, CPA, CGMA, CSCA, CMA, CIA, CFF  Westfield, Vermont  Jennifer Elder, CSP, CPA is an executive coach who helps smart professionals transform from technically talented to strategically savvy.  If you want to be more productive, have more of an impact, and maintain your organization’s ethical standards, Jennifer can deliver interactive and engaging training sessions. As a keynote speaker, Jennifer has presented to over 15,000 people in all 50 states and 12 countries.  Her clients include KPMG, RSM, Home Depot, Campari, Experian, HP and Oracle. 

Jennifer started her career in public accounting at a regional firm. She chaired the accounting department at a New Hampshire college and spent 15 years as a CFO in various industries including homebuilding, technology, and insurance. 

Jennifer received her BA from the University of Massachusetts and an MS in Organizational Management from Antioch University New England.  Jennifer is the co-author of “Faster Disaster Recovery” published in 2019 by John Wiley and Sons. She has also been published by the Journal of Accountancy, FM Magazine, the National Association of Home Builders, Triple Pundit, and the Journal of Corporate Accounting and Finance. 

In 2022, Jennifer received the Women Who Count award in education by the Accounting and Financial Women’s Alliance (AFWA). In 2018, Jennifer earned the designation of Certified Speaking Professional (CSP).  Making her one of only 15 people worldwide who hold both the CPA and CSP designations.  CPA Practice Advisor named Jennifer one of the Top 25 Women in Accounting in 2018.  

She served on the board of the New Hampshire Board of Accountancy and the Northeast Regional Council of the IMA, and Jennifer currently chairs the CSP Committee of the National Speakers Association. 

PRICING

Webcast: Attend this seminar virtually

    $279.00 - Member

    $379.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs