COURSE DESCRIPTION: Savvy CFOs have taken measures to prevent large-scale fraud and embezzlement. But many companies still remain dangerously exposed to less grandiose forms of employee theft.
The reality in most companies is that petty crimes of opportunity account for a majority of fraud losses. Controls are in place to safeguard the family jewels but the less spectacular misappropriations often “fly below the radar” so they are hard to detect and even harder to prevent.
As a result, companies incur small losses (often from multiple perpetrators) over a long period of time … and the running total becomes significant. In fact, studies show that 75% of employee crimes never get uncovered … and those that are take place for an average of 18 months before they are stopped.
This audio conference program will help you take a real world look at fighting employee theft and fraud on three fronts: aggressive prevention and deterrence, early detection when prevention fails, and effective handling of incidents that come to light.
Participants in this session will learn:
- 15 proven ideas for creating and maintaining an anti-fraud environment
- 3 steps to early fraud detection
- Suggestions and pitfalls in fraud incident response
Key topics covered will include:
- FRAUD PREVENTION
- What does Sarbanes-Oxley require, and what are best practices
- Developing a Fraud Loss Scorecard for your organization
- Creating and maintaining an anti-fraud environment
- Conducting a “Comprehensive Fraud Risk Assessment”
- FRAUD DETECTION
- Detection skills for managers
- Fraud examples and related indicators
- Special challengers from third party relationships
- FRAUD RESPONSE
- Response mechanism - what to do when the alarm sounds
- Management's role in investigations
- Correcting control weaknesses
Participants will also receive a six page “Policy on Suspected Misconduct” including suggestions on implementing the policy in any organization.
ABOUT THE SPEAKER: John Hall, principal of Hall Consulting, Inc., is a consultant, speaker, and seminar instructor. He helps clients create a comprehensive anti-fraud environment; identify and assess areas of exposure to wrongdoing, misconduct and fraud; strengthen fraud prevention and detection controls; build world-class audit organizations; and enhance personal and professional effectiveness.
John also helps clients handle incidents of wrongdoing, misconduct and fraud. These services include incident response, preparation and review of fidelity bond insurance claims, coordination with law enforcement and prosecutors, and identification and correction of control failures related to the incident.
John has 30 years of experience as a consultant, speaker and business owner and in public accounting, internal auditing, and corporate management positions. He is a member of the American Institute of CPAs and the Institute of Internal Auditors. He was chair of the 2003 AICPA National Conference on Fraud.
MONEY-BACK GUARANTEE: We’re so confident you’ll get what you want out of this conference that we’ll refund your full fee if you’re not satisfied. It’s risk-free.
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