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Defective Compensation Systems: When Bonuses and Incentives Go Bad - 6558
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Learn how compensation systems result in behavior that puts CPAs at risk.

 Export to Your Calendar 11/14/2016
When: 9:00 AM - 11:00 AM
Where: Webinar/Webcat
United States
Contact: April Deneault

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Acronym ZDCSW2
CPE 2 hours
Category
Accounting
Level Basic
Vendor The Pros & The Cons, LLC
Who should attend CPAs, clients, internal auditors, controllers, CFOs, Executives, board members, Business Owners, Attorneys
Prerequisite
None
Fees: Early Bird
Standard
Member N/A
$79
Non-Member: N/A
$79

Description 

Learn how compensation systems result in behavior that puts CPAs at risk.  



Specific topics include:

  • Using real cases, learn how several typical compensation systems cause employees and management to behave in a manner that has an adverse effect on the entity's best interest, resulting in control, financial reporting and auditing risks.
  • Government risk - Policing for profit
  • Industry risk - Trucking companies
  • Company risk - Domino‚Äôs
  • Regulatory risk - First Energy Davis-Bessie Power Plant
  • Healthcare - Discharging patients to maximize profits
  • Nonprofits - Rewards based on outputs vs. inputs
  • Schools - Perverse incentives compel teachers to cheat
  • BONUS - Maximize profits - How to transform goal incongruence into goal congruence

Objectives

  • At the conclusion attendees will be able to recognize  the operational, financial and audit risks caused by defective compensation systems.

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