Internal and External Fraud: Understanding It and Working to Control It 25-26
Overview
Regardless of size, all organizations must be aware of the risks associated with intentionally fraudulent acts. Fraud can be executed from within an organization, by external parties, or both. Therefore, a primary method to thwart fraud is understanding how and why it occurs. First, understand why internal and external intentional defalcations take place. Discuss the difficulty in understanding the motives driving those who undertake fraud. Finally, review measures organizations can implement to stop fraud and add security to the enterprise.
Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Intermediate
Highlights
- Understanding why internal fraud occurs
- Fraudulent acts initiated by outside organizations
- Policies, procedures and control measures designed to fight fraud
- Steps that verify anti-fraud activities are working
Prerequisites
A basic understanding of Internal Control concepts.
Designed For
CPAs, accounting and business professionals.
Objectives
- Recall reasons that employees and others who are internal to an organization choose to undertake fraudulent acts
- Indicate the factors that make an organization attractive to those considering an external fraud attempt
- Identify the types of control measures that work best as entities strive to mitigate fraud risk
- Recognize specific internal control measures that can help to reduce fraud activities
- Indicate how anti-fraud measures add security to all segments and aspects of a business organization
Preparation
None.
Leader(s):
Leader Bios
Karl Egnatoff, Associate, Phoenix Beach, LLC
Karl Egnatoff, CPA, CITP, lives in Myrtle Beach, S.C. During the past 21 years, he has worked as a consultant, trainer and software engineer while engaging on projects for business organizations of all types. Prior to this work, Karl worked in public and private sector accounting for approximately six years. Before partnering with Pat Garverick to form Phoenix Beach, he presented and created material in association with K2 Enterprises for approximately seven years. During the course of his career, Karl has owned and operated a number of successful businesses, providing services to other organizations in the business community. The experience he garnered while serving these organizations helps him now as he writes and presents continuing professional education through Phoenix Beach. Karl is a member of the West Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants (AICPA) and the Information Technology Section of the AICPA. He has also achieved a number of technology certifications including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college, he participated in division I cross country, competing on the varsity squad. He was also on Marshall’s track team. Karl and his wife Lana have been married for 25 years. They have two grown sons, Jordan and Steven.
Non-Member Price $439.00
Member Price $329.00