Fraud in the Governmental & Not For Profit Environments [FITG Fbx]

Full Description

Fraud in the Governmental and Not-For-Profit Environments: What a Steal!

August 27, 2010
Fairbanks, Alaska

$295 AKCPA Member Fee
$370 Non Member Fee
$30 Discount for AICPA Members

Detecting fraud in the governmental and not-for-profit environments is particularly difficult for several reasons, including their unconventional revenue and expense streams, typically understaffed accounting departments and the nature of their operations. Obtain a solid understanding of the auditors responsibility to detect fraud and typical types of fraud noted in these important sectors of our economy. In addition to the discussion of common fraud schemes, the course will also address conditions within entities that can leave them susceptible to fraud.

Objectives
Upon completion of this course, participants will be able to:
Perceive the auditors responsibility to detect fraud under GAAS
Recognize common frauds committed in the government and not-for-profit sectors
Ascertain conditions that can lead to fraud before it occurs

Highlights
AU 316, Consideration of Fraud in a Financial Statement Audit
Typical fraud techniques known to occur in the government and not-for-profit environment
Common control weaknesses that can lead to fraud

Who Will Benefit
Auditors and financial staff of governmental and not-for-profit organizations

Value Aid
Copy of AU 316, Consideration of Fraud in a Financial Statement Audit

Level: Intermediate

CPE Credit Hours: 8 (Accepted for CMA and CFM continuing education credit)

NASBA Field of Study: Governmental Auditing

Prerequisite: Knowledge of government and not-for-profit sectors

Acronym: FITG

Discussion Leader: Robert W. Walter, J.D.
Denver, Colorado

Bob Walter has for over 10 years served as an instructor for AICPA in the U.S. and internationally, and speaks on securities, finance, business ethics, business law and accounting topics. Mr. Walter has authored five 8-hour continuing education courses for AICPA, including Tough Economic Times, Current Issues, and Critical Ethical Judgments (May 2009 and updated annually), AICPAs Annual Business Law Update (May 2005 and updated annually), Real World Business Ethics: How Will You React? (May 2003 and updated annually), AICPAs Guide to Financing the Small Business: Sources, Strategies and Disclosures (May 2002), and Public Reporting Responsibilities: Putting Your Best Foot Forward (Sept. 2000).
Mr. Walter served on the faculty of AICPAs SEC and PCAOB Update Webcast in June and December 2009, AICPAs National Advanced Auditing and Accounting Technical Symposium in July 2009, the instructional sections of the 2009 annual meetings of the Alabama and North Carolina Societies of CPAs, the National AICPA SEC and PCAOB Conference in 2005, and served on the faculty of the securities conference sponsored by the Securities and Exchange Commissions Central Regional Office in each year from 2003 through 2007. At these conferences, he spoke on corporate governance, IFRS and convergence, expanded disclosure obligations of public companies, denials of coverage and rescission of directors and officers liability insurance policies, ethical duties of professionals, and current issues in corporate finance. Since 2002, Mr. Walter has authored five books on these and related topics published by AICPA, Commerce Clearing House, Barrons Business Library, and Aspen Publishers.
Mr. Walter has over 25 years experience as counsel representing corporate clients and investment banking firms in a wide variety of public and private financing transactions. He represents clients in venture and private equity investments, bridge financings, initial and follow-on public offerings, and other short and long-term financing arrangements. He also represents public and private companies in business combinations, asset sales, and change of control transactions, and conducts internal investigations on behalf of audit committees.

In 2004, the Public Company Accounting Oversight Board (PCAOB) appointed Mr. Walter to a two year term as a member of its Standing Advisory Group. Mr. Walter holds a B.S. degree in business from Colorado State University and a Juris Doctor degree from the Duke University School of Law. Mr. Walter is a member of the Colorado Bar and the District of Columbia Bar, and is admitted before a variety of Federal and State Courts, including the U.S. Supreme Court.

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