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)
L. B. McClure, CPA
Brent McClure owns L. Brent McClure, CPA where he focuses primarily on CFO Services and Advisory. Prior to focusing on this full time, he spent 5 years as a CFO for privately held companies.
Before transitioning to a CFO role, Mr. McClure spent 14 years in public accounting and consulting roles. His client service experience included emerging growth, middle market, and large multinational companies, both public and privately held. Mr. McClure worked with a variety of industries primarily in the service, manufacturing and distribution industry space, but also in construction, technology and other industries.
Mr. McClure is a licensed CPA in Alabama and Mississippi and is a CGMA. He obtained a MBA from Tulane University and gained a lot of skills and knowledge from growing up in the family grocery store.Back to Instructors