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Winning the Fraud Battle in the Digital Age: Prevention and Detection

Thursday, December 19
 9:00am - 4:30pm

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8.00 Credits

Member Price $274.00

Price will increase by $35 after 12/12

Non-Member Price $399.00

Price will increase by $35 after 12/12

Overview

The focus of this course is reducing the overall risk of fraud. To that end, instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics, as well as how the reactions of people in certain situations may impact the prevalence of fraud.

Objectives

  • Recognize the prevalence of fraud
  • Understand the ways an organization may unintentionally cause fraud
  • Identify the costs of fraud
  • Comprehend how the new COSO framework for internal control focuses on fraud
  • Grasp the importance of an internal control environment
  • Recognize potential signs of fraudulent behavior
  • Understand how people may respond differently to certain factors
  • See that there are many layers involved in fraud defense
  • Anticipate a new environment ripe for fraudulent claims and reports
  • Highlights

  • The price of fraud - ACFE's Report to the Nations and ancillary costs
  • The current economy - microeconomics and analysis
  • COSO internal control framework, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments)
  • Power of morale - shrinking the fraud triangle and employee motivation
  • Deviant workplace behavior
  • Historic schemes
  • Why good folks go bad - interesting findings and red flags
  • Combating fraud with controls
  • Controls used by fraud victim organizations and suggestions for better implementation
  • Fraud's new frontier
  • Corporate social, environmental, governance, and equity/inclusion reports and audits
  • Designed For

    CPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source - would-be fraudsters

    Prerequisites

    None

    Preparation

    None

    Notice

    By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

    Leader(s):

    Leader Bios

    Thomas Newell Jr.

    Thomas E. Newell, Jr., CPA Columbus, Georgia Thomas E. Newell, Jr. (Tom) is a shareholder in the firm of Newell & Newell, P.C., which is located in Columbus, GA. Tom started the firm with his wife, Silvia Newell, CPA in 1986. Prior to that, his public accounting experience included both local firms and international firms. Tom has performed hundreds of peer reviews and has been involved with the peer review program since 1989. Tom served on the Georgia Society (GSCPA) peer review committees from 1989 to 1993. In 1993, he was selected to be one of the technical reviewers for the Georgia Society Peer Review Program and served for nine years. During his time as technical reviewer, Tom worked with the GSCPA to move the peer review committee from in-person to online meetings. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a presenter at conferences and CPE courses for over 30 years. He has been a frequent presenter for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics), and the Accounting Institute. Tom is also a discussion leader for various continuing education courses on A&A topics for other state societies. He has made presentations at Fortune 500 companies and several government agencies on accounting and auditing, internal controls, and cybersecurity. As a presenter, Tom has been described as a dynamic speaker who is able to take a boring topic (accounting and auditing) and make it interesting. He was awarded the Surgent Outstanding Discussion Leader Award in 2015, 2016, and 2018, as a result of these skills. Tom was recognized in 2018 by the AICPA as an Outstanding Facilitator for his consistently high evaluations of knowledge and presentation skills. As the world of presentations has been changing, Tom has been a champion of moving to virtual presentations. He was involved in the early years of simulcasting by various state CPA societies, as well as the recording of video and audio self-study courses. Tom is now prepared for the next wave of change toward the totally virtual classroom that simulates a true live classroom experience. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980.

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    Non-Member Price $399.00

    Member Price $274.00