Fraud Basics: Protecting the Company Till [DRF4]

Full Description

Fraud Basics: Protecting the Company Till (DRF4)

July 28th, 2022 / 8:30 am 12:00 pm

BP Energy Center
1014 Energy Court
Anchorage, AK

Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations. We also explore the darknet and cryptocurrency fraud.

Major Topics:
- Fraud's cost: ACFE's Report to the Nations; Ancillary costs
- Current economy: Microeconomics; Analyses
- COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment
- Power of morale: Shrink the fraud triangle; Motivation
- Why good folks go bad: What studies indicate; Five interesting findings; Red flags

Learning Objectives:
- Fraud's cost: ACFE's Report to the Nations; Ancillary costs
- Current economy: Microeconomics; Analyses
- COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment
- Power of morale: Shrink the fraud triangle; Motivation
-Why good folks go bad: What studies indicate; Five interesting findings; Red flags

Designed For: CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source

CPE Credits: 4, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: None

Acronym: DRF4

Discussion Leader: Randy Milligan, CPA