Forensic Accounting: Uncovering Schemes & Scams [CL4FAFR]

Subject:

Aug 9, 2017
Time: 8:30am-12:00pm
Accounting & Auditing

Credit Hours:

4.00

Price:

Member: $150.00
Non-member: $225.00

Discussion Leader:

Lynn Fountain, CPA

Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. 20 years of the experience has been spent working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She was a member of the senior leadership team for Aquila Inc. in Kansas City, MO, until the sale of the utility in 2008. At Aquila, she was responsible for Internal Audit, Enterprise Risk Management and Sarbanes-Oxley. She was an integral member of the senior leadership team that effectively executed the sale of the utility. Upon the close of Aquila, Ms. Fountain engaged in her own consulting and training business. During this time, she worked with several organizations to establish ERM, Sarbanes-Oxley and governance frameworks. In addition, she has developed and delivered leading edge training sessions on COSO, internal audit, ERM, accounting, leadership, governance, compliance and ethics. In 2011, Ms. Fountain was the Chief Audit Executive for an international construction and engineering firm in Kansas City. In this role she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. In 2012, Ms. Fountain returned to her consulting and training business. Along with her risk management, internal controls and financial accounting consulting work, she delivers training for the American Institute of Certified Public Accountants, Institute of Internal Auditors, and multiple seminar and training groups. In addition, Ms. Fountain is affiliated with Empower Audit Training and Consulting. Ms. Fountain is the author of two separate technical books released in 2015, The first entitled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation and released in April 2015. Her second book “Leading The Internal Audit Function” will be released in October 2015 by Auerbach Publications. This book serves as the initial launch for a series of leading practice internal audit and information technology publications. In addition, Ms. Fountain is a frequent blogger on the LinkedIn platform and has also had numerous articles published in professional and technical publications. She has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate.


Full Description

Forensic Accounting: Uncovering Schemes and Scams (CL4FAFR)

August 9, 2017

BP Energy Center
900 East Benson Boulevard
Anchorage, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

This course enables you to learn investigative techniques to uncover various fraudulent schemes and scams and to sharpen your forensic skills. The course prepares you to meet the increasing demand for accountants to develop effective forensic accounting procedures to detect and prevent misappropriation of assets, management fraud, and fraudulent financial reporting. As the focus on fraud discovery and deterrence rises, accountants must hone their skills to recognize fraudulent or deceptive practices and build their knowledge to redesign internal controls. Don't wait to learn and practice these critical forensic competencies!

Major Topics:
-Role of the forensic accountant
- Development of the engagement agreement
- Common fraud scams
- AU-C section 240
- Analytical and investigative techniques
- Approaches to detect under/over valued assets
- Preparation for the deposition phase
- Alternative methods to settle a legal dispute

Learning Objectives:
- Determine the differences between the role of the forensic accountant and the traditional accountant and how to utilize forensic techniques to ferret out fraudulent activity.
- Identify the foundational components of AU-C section 240.
- Recall analytical and investigative techniques used in forensic engagements.
- Determine ways to detect under/over-valued assets.
- Recall key points related to the deposition phase of the litigation process.

Designed For: Accountants in industry and public practice who are responsible for designing internal control systems or are involved in forensic accounting activities

CPE Credits: 4, Accounting & Auditing

Level of Knowledge: Intermediate

Prerequisite: Experience in accounting and financial reporting preferred

Acronym: CL4FAFR

Discussion Leader: Lynn Fountain, CPA