Mobile Edition


Fraud: Recent Findings, Red Flags and Corruption Scheme (AIFRFR10)

 
Date:Wednesday, December 27, 2017
Time:1:00 PM - 4:59 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Instructor: Glenn Helms
Vendor:AICPA
Course Level:Intermediate
Early Bird Price:$159.00 FICPA Members, $199.00 Non-Members

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.



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.



Major Topics:

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



Who Should Attend:
Business owners, managers, supervisors, employees, accountants and auditors

Prerequisite:
Experience in accounting and reporting

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.