When Leadership Fails
Monday, June 09, 2025
Webcast or Webinar, Online
11:00AM - 12:48PM (opens at 10:30AM) EST
2Credits
Accounting and Auditing
Registration is Open
Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
CPE PowerPass Users
Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$40.00 Members / $56.00 Non-Members
Don't have a CPE PowerPass? Click
here to find out more about the CPE PowerPass program.
Course Type: Webcast
Course Code: 25/AC697409
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing
Overview:
When the leadership in any organizations carries out their responsibilities of establishing, maintaining and monitoring internal controls, it significantly reduces the possibility of fraud occurring. When and if it does occur, a good system of internal controls will often detect it early on.
This presentation is an illustration of what can happen when top management fails to carry out their responsibility of protecting an entity’s assets through a good system of internal controls.
Objectives:
- Illustrate the importance of a good system of internal controls
- Assessing who is responsible
- Development of policies and procedures
- Differentiate between delegation and individual responsibility
- Identify those individuals who will steal
- Understanding the fraud triangle
- Explain the direct relationship between trust and fraud
Major Topics:
- Who’s responsible
- The importance of policies and procedures
- The development, implementation and monitoring of internal controls
- There is no excuse
- Who steals
- The Tone At the Top and the Big Monkey Theory
Major Topics:
- Who’s responsible
- The importance of policies and procedures
- The development, implementation and monitoring of internal controls
- There is no excuse
- Who steals
- The Tone At the Top and the Big Monkey Theory