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Fraud: Recent Findings, Red Flags and Corruption Schemes (114-15)
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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

10/19/2015
When: 10/19/2015 AM
7:30 AM - 11:00 AM
Where: UACPA Training Facility
136 S Main Street, Suite 510
Salt Lake City, Utah  84101
United States
Presenter: Renee Rampulla
Contact: April Deneault
801-834-6634


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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 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 accounting 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:

Recognize red flags associated with non-traditional fraud schemes.
Install preventive and detective controls concerning non-traditional fraud schemes.
Identify the elements of Ponzi, Asset Flip, and corruption schemes.
Relate a particular fraud scheme to specific landmark cases.
Synthesize the research findings from various fraud studies.

 

Major Subjects:

In-depth review of classic and recent non-traditional fraud cases: ZeekRewards, HealthSouth, Apple Computers, 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

 

Designed for:

Business owners, managers, supervisors, employees, accountants and auditors.

 

Prerequisite: 

Experience in accounting and reporting

 

Advanced Prep: None

 

Speaker: Renee Rampulla

Vendor: AICPA

Field of Study: Accounting & Auditing

Level: Intermediate

CPE Credit: 4 Hours

Acronym: CL4FRAU

 

 
Registration Fees:                           
Members                
Nonmembers     

$165 $195


 

Meet the Speaker:


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