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Wednesday, July 22, 2020 Webcast

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes (E2007063)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

webcast

Webcast

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

Joann Noe Cross

Joann Noe Cross, CPA, Ph.D., CMA, CGFM

AICPA/Professional Development Institute

Joann Noe Cross is an Emeritus Professor of Accounting at the University of Wisconsin-Oshkosh. Her research interests are in accounting history and the uses of financial information. Joann is a member of numerous professional and academic organizations. She is also active in her community, having served in the past as Treasurer of the local United Way and currently serving on the Board of several small charities. In addition, Dr. Cross presents numerous accounting and auditing seminars around the country, speaks at various conferences throughout the year, and maintains an active consulting practice. In 2015 and 2016, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Joann received her B.S. in Mathematics from the University of Wisconsin-Madison and her Ph.D. in Accountancy from the University of Illinois-Urbana.

PRICING

$289.00 - Member

$389.00 - 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

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COURSE DEVELOPER

American Institute of CPAs