Fraud and Embezzlement: Case Studies from the Trenches
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
Governmental entities are the second largest victims of embezzlement. This seminar examines recent events involving theft of public money and circumstances that allowed the fraud to occur. Case studies we examine include the 2012 $54 million embezzlement from the City of Dixon by Rita Crundwell. The events that impacted the small Illinois town of 16,000 residents was the largest governmental fraud case to date, and spanned an astonishing 20 years. This remarkable story inspired an award-winning documentary, “All the Queen’s Horses.” We will also examine factors that led to scandals involving the Baptist Foundation of Arizona, World Com, Collin Street Bakery and the Ohio American Cancer Society, among others. This course is ideal for CPAs, government finance personnel, all Internal Auditors, lawyers, governance professionals, accountants and human resource personnel.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
By the end of this course, the participant will be able to...
- Understand the factors that create an environment for fraud to easily occur.
- Identify areas where there could be an inadvertent failure to separate duties.
- Ascertain the proper role of an external auditor and identify areas where independence can be compromised.
Highlights
The major topics that will be covered in this class include:
- How organizations can find themselves defrauded due to lax oversight and weak internal controls.
- How the existence of the “trusted advisor” creates situations where CPAs can drop their professional skepticism.
- Illustrations of the issues companies should look for in preventing fraud and embezzlement.
Designed For
CPAs, government finance personnel, all Internal Auditors, lawyers, governance professionals, accountants and human resource personnel.
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Allison Henry, CPA, VP-Professional & Technical Standards, Pennsylvania Institute of CPAs
Allison, who has been with the Pennsylvania Institute of Certified Public Accountants (PICPA) since 2003, works to elevate CPA practice quality through advocacy, outreach, and education. She currently administers PICPA’s Joint Ethics Enforcement Program with the American Institute of Certified Public Accountants (AICPA), oversees the administration of the AICPA’s Peer Review Program for Delaware, New York, Pennsylvania, and U.S. Virgin Island firms, monitors emerging global trends in the accounting profession, and serves as the PICPA technical liaison for several statewide committees and working groups that reach out to regulatory agencies in Pennsylvania on behalf of the profession. She frequently shares her expertise by speaking at PICPA events, hosting webinars on key topics, teaching ethics training, writing for the CPA Now blog, writing articles for the Pennsylvania CPA Journal, and fielding technical inquiries.
Before joining the PICPA, Allison spent several years as a senior manager with a regional accounting firm and nine years at Deloitte & Touche LLP, where she worked in the assurance and advisory services group. Allison’s diverse client service experience has included many not-for-profit, health care, and world relief organizations, as well as small and large manufacturing, distribution, and service-oriented entities. She has also served as the designated employee benefits specialist.
Allison is a graduate of Washington University in St. Louis, Mo., and holds an accounting equivalency from the University of Arkansas in Little Rock. She spent four years in internal accounting positions, including the Department of Defense, while her husband served on active duty with the U.S. Army.
Allison recently obtained AICPA’s Blockchain Fundamentals for Accounting and Finance Professionals Certificate.
Allison is a member of the PICPA and AICPA. She volunteers for various local ministries and is a member of River of Live Church. She is a native of St. Louis, Mo. and is an avid runner.
Non-Member Price $124.00
Member Price $89.00