Additional Sections on Fraud: Mix and Match

Each of the segments below is designed for a 90-minute (and in some cases 120-minute) presentation. Several sessions may be put together to equal 400 minutes or an eight-hour day of CPE.

A video is often used as one segment to reinforce previous sessions. I have between fifteen to twenty professional videos which are designed as an 80 minute session. Most videos focus on real events that illustrate points made in previous sessions. See a list of video titles at the bottom of this page.

Asset Misappropriation by Government Employees
Introduction; Cash Fraud Schemes; Fictitious Disbursements; Inventory Fraud Schemes; Fixed Assets; Detection of Fraud

Asset Misappropriation Schemes
Introduction; Cash Schemes; Inventory and Other Assets Schemes; Detection

Check Fraud
It Could Happen To You; How It's Done (We Make It Soooooo Easy); The Magnitude; How To Prevent It

Corruption Schemes
Introduction; Elements of Corruption; Methods of Making Illegal Payments

Ethics From A Business Perspective
Most individuals will not do business with someone that does not operate in an ethical manner.  But who defines what an ethical manner is?  How do we determine what is ethical?  When do our ethical values come into play?  Should culture be considered when determining what is ethical?  Can ethics be taught?  These and other questions will be discussed in this thought provoking session on the importance of conducting not only our business affairs, but our personal lives in an ethical manner.

Evaluating Deception

Physiology of Deception; Norming or Calibrating, verbal and nonverbal indicators (Remember, words lie but the body always tells the truth!)

Evaluating Internal Controls (Two Sessions)
Introduction; What are Internals Controls?; Fraud Triangle Revisited; Vulnerabilities; Common Frauds That Occur Given Weak Internal Controls

Fraud by Program Recipients
Introduction; False Claims Statutes; Typical False Claims and Statements; Detection; Beneficiary Fraud; Conflicts of Interests; Detection

Fraud by Vendors and Contractors
Elements of a Contract; Pre-Solicitation Phase; Solicitation and Negotiation Phase; Contract Performance and Administration Phase

Fraud in Compliance Programs
Introduction; Evidence; Types of Evidence; Interviews; Documents

Government Auditing Standards: Independence
Independence: The former Comptroller General of the United States, Mr. David Walker, undertook an effort to vastly expand the definition of “independence” as previously defined by the standards.  His release of Amendment #3 could not have been any more timely than if it had been planned.  The revised standard was introduced at the same time the largest bankruptcy in American history was being declared by Enron, which was then shortly followed by disclosures of audit failures at World Com, Xerox, Tyco, Williams Cos., and the list goes on.  This session discusses the ramifications and impact the broadening of the definition of auditor independence  had on both the auditor and the client, for it affects both.

Governmental Fraud Risk
AICPA Auditing Standards; SAS 99, Consideration of Fraud in a Financial Statement Audit; Detecting Fraud During the Review and Evaluation of Internal Controls; Detecting Fraud During Internal Control Tests of Substantive Tests of Transactions; SAS 85, Management Representations

Guidance on GAS Requirements for Continuing Professional Education
The Comptroller General has issued a document which provides guidance on what types of subjects will qualify for the 24 hour requirement related to CPE on subjects directly related to the Yellow Book standards.  In addition, the guidance addresses a number of other issues related to the required 80 hours of CPE every two years in areas related to accounting and auditing; revised peer review requirements; who is required to obtain qualified training; who is responsible for maintaining documentation of such training and which staff must obtain qualified CPE training as well as revised requirements in several other areas.

Identity Theft: A Fast, Safe, and Easy Crime
How It Happens; Why It Happens; The Long Lasting Consequences; How To Protect Yourself; What To Do If Your Identity Is Stolen (For it's not a question of IF, rather it's a question of WHEN)

Introduction to Fraud Examinations
Definition of Fraud; Elements of Fraud; Fraud Examination; Axioms of Fraud Examination; Auditing; Fraud Theory Approach; Forensic Accounting; How Auditing Works in the Fraud Environment; Examination Methodology; Steps in Fraud Examinations; Audits in Fraud Detection

Introduction to Interviewing Skills
Objectives and Overview; Definition of Interview; Fraud Examination; Examination Methodology; Interviewing Methodology; Characteristics of a Good Interview; Characteristics of a Good Interviewer; Personality Styles and Interviewing; Preparation

Legal Elements of Fraud
Elements of Fraud; Proving Intent; Employee Rights During the Investigation; Civil vs. Criminal Fraud; Elements of Corruption; Conflict of Interest; Breach of Fiduciary Duty; Extortion; Selected Criminal Statutes

Official Corruption
Introduction; Net Worth Analysis Method; Source and Application of Funds - Expenditures Method; Expenditures; Sources of Funds; Rebutting Defenses to the Comparative Net Worth Analysis

Political Corruption
Introduction; Methods of making Illegal Payments; Detection

Proving Intent and Knowledge in Fraud Cases
Introduction; The Five Elements of Fraud; Circumstantial Evidence; Proving Intent Through the Use of Circumstantial Evidence; Tools to Prove Intent, Conclusion

Red Flags... or What Does Fraud Look Like
In order for fraud to be successful, it must look like something else i.e., a legitimate transaction.  A fraud morphs in that it takes on the characteristics of its surroundings.  Although no matter how hard it tries to blend in, it often gives off telltale signs that, to a conscious observer, indicate that something is not quite right.  Do you know what a usual transaction for your client looks like?  If you don't, then you will not be able to identify an unusual transaction, which often turns out to be a fraud.  Look for transactions that should be there but aren't.  Look for transactions that are there but should not be.  In order to recognize fraud, you must know your client.  An indicator in one client's operations may be a common thing in another client's operations... and you have to know the difference.  So what does fraud look like?  I don't know, but I'll know it when I see it!  This presentation is designed to assist the auditor in identifying fraudulent transactions by the many indicators, or Red Flags, that are often present.

Some of My Favorite Frauds and How/Why They Occurred
Some of the more interesting fraud investigations I have been involved in are discussed along with the reasons the frauds were able to be carried out, why the individuals committed the fraud and what happened as a result of the discovery.  While true cases, some play out like a fiction novel.  It's often hard to believe, but it happened.

The Red Flags Rule
Effective December 31, 2010, most small business, including certain government organizations, must develop and implement procedures in accordance with the Federal Government's Red Flags Rule.  The rule requires that any organization that extends or approves the issuance of credit develop and implement procedures to protect the personal information of those individuals to which they have extended credit.  Because of the broad definitions contained in the act that determines the type of organizations that fall under the rule, many organizations may not be aware that they fall under the provisions of the rule.  This presentation is designed to explain what type of organizations fall under the rule, and what they must do in order to comply with the rule.  There could be substantial monetary penalties for each day an affected organization  does not comply with the rule.

Things Everyone Should Know About Fraud
How Bad Is It (You Really Don't Want To Know); Who Is At Risk; Who Steals and Why; How to Prevent and/or Detect; Some Common Sense Solutions

Walkin', Talkin', Lookin', and Listenin' (or, Things Most Auditors Don't Do Very Well)
Auditors must do much more than "Tick and Turn", following that work program (which is the same one we used last year).  Too often we ask the client  the same questions  year after year and dutifully record their answers in our working papers without really asking ourself, "Does the answer make sense?"  We don't go out among the people and talk to them.  After all, if a problem exists within an organization, who is the most likely to know about it?... The employees!  Look around.  By observation, confirm (or disprove) some of management's assertions (after all, they will tell you what you want to hear)!  This session illustrates the many things an auditor can accomplish by simply, "Walkin', Talkin', Lookin', and Listenin', not to mention saving a great amount of time as a result of gathering  useful information during the process.

Why Auditors Fail to Detect Fraud
Based on my participation in  numerous fraud investigations as well as the review of many sets of audit working papers, this presentation addresses the reasons I feel that auditors often fail to detect material fraud.

Video Segment Titles
Cooking the Books: What Every Accountant Should Know About Fraud; Making Crime Pay: How to Locate Hidden Assets; Red Flags of Fraud; Other People's Money: The Basics of Asset Misappropriation; Finding The Truth: Effective Techniques For Interview and Communication; How To Tell If Someone Is Lying; How to Detect and Prevent Financial Statement Fraud; The Fraud Trial (How to Testify); Fundamentals of Computer Fraud; Beyond the Numbers: Professional Interview Techniques; Bad Paper (Five Sections) Check Schemes, Forgery & I.D., Check Kiting, New Accounts Fraud Detection, and New Accounts Fraud Prevention, and so on.

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