Winning the Fraud Battle in the 21st Century - Prevention and Detection
205 | Course | Basic | Scheduled
Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into fraudsters. Discussion will include integrity and ethics, as well as how people may react in certain situations. We will also touch upon what lurks in the darknet, along with cryptocurrency fraud.
|Number of Credits||Type of Credits|
CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source - would-be fraudsters. In addition, those who need discussion of controls used by fraud victim organizations and how to better implement and augment them
- Fraud's cost - ACFE's Report to the Nations; Ancillary costs
- Current economy - Microeconomics; Analyses COSO's Internal Control Framework - Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment; Errors and Irregularities - Does the auditor determine if fraud occurs?
- Power of morale - Shrink the fraud triangle; motivation
- Deviant workplace behavior
- Historic schemes
- Why good folks go bad - what studies indicate; five interesting findings; red flags
- Combating fraud with controls
- Fraud prevention checklists
- Understand the prevalence of fraud
- Realize how organizations may cause fraud without realizing it
- Comprehend the cost of fraud
- See how the new COSO Framework for Internal Control focuses on fraud
- Understand the importance of the environment
- Recognize potential tipoffs to fraudulent behavior
- Comprehend information that indicates how some people respond differently to certain factors
- Understand the many layers in fraud defense
- Member (Early Bird)
- Non-Member (Early Bird)
Rebecca M. Lee, CPA
Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Kaplan Financial Education, powered by Loscalzo Institute, and a founding Principal with Brooke, Freeman & Lee. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.
She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs.
Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a BS degree in accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.Back to Instructors