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Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes (113-18)
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Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material and frequently recurring frauds succeed? One reason is that business owners, management, auditors, and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds.

 Export to Your Calendar 11/5/2018
When: 7:30 AM - 3:30 PM
Where: UACPA Training Room
136 South Main Street, Suite 510
Salt Lake City, Utah  84101
United States
Presenter: Marty Van Wagoner
Contact: April Deneault
801-466-8022


Online registration is available until: 11/5/2018
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Acronym TTFS18
CPE 8 hours
Category
Auditing
Level Intermediate
Vendor AICPA
Who should attend

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

Prerequisite
Experience in accounting
and reporting
Fees: Early Bird
(through 10/19)
Standard
(after 10/19)
Member $257 $285
Non-Member: N/A
$340

AICPA Members receive an additional $30 off the price of this course. Use promo code AICPA8 at checkout to receive the discount.

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
Many costly fraudulent schemes have occurred repeatedly throughout the past
several decades. Why do these material and frequently recurring frauds succeed?
One reason is that business owners, management, auditors, and employees fail to
recognize the red flags that have been associated with these financial statement
and misappropriation of asset frauds. Another major reason is that the reporting
and transaction processing systems do not have adequate controls to either
prevent and/or detect these schemes. This course will provide descriptions of
how these major frauds are perpetrated (including real-world examples) and the
types of cost-effective controls that can be implemented by both small and large
businesses and nonprofit entities to identify and prevent these deceptive acts.


Major Subjects

  • Major financial statement frauds including, among others, corruption
    conspiracies regarding sales and other types of revenue, estimates, journal
    entries, and other accounts
  • Major misappropriation of asset frauds including, among others, skimming,
    larceny, and embezzlement involving inventory, payables, and other accounts
  • Ponzi and asset flip schemes
  • Control implementation ideas
  • Risk factors in accordance with the revised authoritative guidance on fraud

Objectives

  • Identify the findings and implications of major fraud studies.
  • Identify the risk factors and red flags for each of the top ten fraud schemes.
  • Determine design controls to build into systems to mitigate fraud risks.
  • Distinguish the methodology of how frauds are committed.
  • Identify trends in various types of fraud.

 

 

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