The Psychology of Fraud

 

   

 

 
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Overview

1.0 Credits

Despite significant attention and effort, our understanding of how human behavior affects organizational decisions involving accounting, auditing and aberrant behaviors such as fraud are incomplete. Our assumptions regarding who is involved, how it starts, and why it grows are flawed, which leads to a variety of critical judgment errors. This presentation delves into the very latest breakthroughs in psychological research which uncover individual and group behaviors that reveal how our minds actually work in relation to these experiences. Interactive demonstrations dramatically exhibit to attendees how radically different our intuitions are in relation to the reality of these events, and how they can immediately use this new knowledge in their work.

Objectives

This presentation integrates behavioral science with accounting and auditing concepts related to risk recognition, management and deterrence. Participants will be able to recognize and understand behavioral concepts associated with risk and apply them to auditing, accounting and governance situations and use these concepts to assist in developing programs for risk management and cultural improvement.

Major Topics

• How auditors can unwittingly assist in the production of misleading information • The effect of social influence on accounting decisions and financial statements • What causes us to overlook the most ominous and obvious red flags • Why psychopaths are not our greatest concern, and who is… • Why well-meaning people cooperate in fraud schemes • The latest research revealing how most fraud really starts, and why it gets out of control • The paradox of experience-how it sometimes diminishes professional judgment • Why our intuition and assumptions lead us astray • How to improve professional Judgment, skepticism and critical thinking skills

Designed For

CPAs in public practice and industry.
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