Webcast: Fraud - Practical Approaches to Prevention & Detection

Regardless of whether you perform audits or limit your services to tax compliance, your association—at any level—with fraudulently misstated financial information is likely to create a liability risk. So, be proactive.
Don't rely on conventional internal controls, they are rarely effective at fraud prevention. They may discourage, or prevent, petty theft, they are not likely to thwart a motivated perpetrator who is intent on misappropriating an entity's assets or fraudulently misstating financial information. Attend this course and you will learn that to be effective at prevention, it is important to understand who commits fraud, their motivation, and the circumstances or conditions that contribute to their success. Then, internal controls can be structured to deal with identifying potential perpetrators, and reducing their motivation and opportunity.
By exploring case studies of controls that have proven effective, you will learn how to develop less conventional internal controls that are more likely to be effective in fraud prevention.

In general, fraud is detected as a result of noticing something unusual, whether it is a relationship between different elements of financial information, a relationship between financial and nonfinancial information, or financial or nonfinancial information that does not seem to make sense under the circumstances. This course will discuss the development of expectations for use in analytical procedures that can be applied in efforts to detect fraud as well as less conventional analytics.