Webcast: Fraud: Recent Findings, Red Flags and Corruption Scheme (XAFRAU317)
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How are fraud schemes perpetrated? Who does it? How much is stolen? What controls can be installed to prevent and detect these schemes? These and other questions are answered by a review of landmark fraud studies – including those conducted by the Committee of Sponsoring Organizations (COSO), the Association of Certified Fraud Examiners (ACFE), large CPA firms, and others. A list of the Top Ten Fraud Schemes, based upon these studies, is provided. Fraud red flags for non-traditional schemes are

 Export to Your Calendar 9/13/2017
When: 09/13/2017
8:00 AM until 12:00 PM
Where: Webcast
AICPA
1370604:9A0AF54501733F81BE2CE82F3F6E4A0D
United States
Presenter: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP


Online registration is available until: 9/11/2017
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Acronym XAFRAU317
CPE 4 hours
Vendor AICPA
Category
Auditing
Level Intermediate
Prerequisite Experience in accounting and reporting
Adv Prep None
Yellow Book? No
Designed for Business owners, managers, supervisors, employees, accountants and auditors
Registration
Member $159
CPA Non-Member $199

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

How are fraud schemes perpetrated? Who does it? How much is stolen? What controls can be installed to prevent and detect these schemes? These and other questions are answered by a review of landmark fraud studies – including those conducted by the Committee of Sponsoring Organizations (COSO), the Association of Certified Fraud Examiners (ACFE), large CPA firms, and others. A list of the Top Ten Fraud Schemes, based upon these studies, is provided. Fraud red flags for non-traditional schemes are addressed. The categories of non-traditional fraud schemes include corruption, Ponzi, and Asset Flip schemes. These non-traditional fraud schemes are not usually addressed in traditional fraud courses. However, numerous entities have incurred significant financial losses as a result of these schemes and issues concerning these schemes need to be addressed to prevent financial losses. These schemes methodologies, related red flags and internal controls to prevent and detect these schemes are addressed in detail. Real-world cases are provided to reinforce concepts.

TOPICS DISCUSSED

  • In-depth review of classic and recent non-traditional fraud cases: ZeekRewards, Yelp, and others
  • Results of recent notable fraud studies
  • Conflicts of Interest and other policies
  • Distinctions between Ponzi and Pyramid schemes
  • Conflicts of interest (purchasing and sales schemes), Bribery (kickbacks and bid rigging), Ponzi, and other schemes
  • SEC Response to Madoff Ponzi Scheme

Objectives
When you complete this course you will be able to:

  • Identify the findings and implications of major fraud studies.
  • Identify red flags associated with various types of fraud schemes.
  • Apply preventive and detective controls concerning non-traditional fraud schemes.
  • Recognize the characteristics, similarities and differences between Ponzi, Asset Flip, and corruption schemes.
  • Distinguish a particular fraud scheme to specific landmark cases.