Webcast: Internal and External Fraud: Understanding It and Working to Control It 25-26

Overview

Regardless of size, all organizations must be aware of the risks associated with intentionally fraudulent acts. Fraud can be executed from within an organization, by external parties, or both. Therefore, a primary method to thwart fraud is understanding how and why it occurs. First, understand why internal and external intentional defalcations take place. Discuss the difficulty in understanding the motives driving those who undertake fraud. Finally, review measures organizations can implement to stop fraud and add security to the enterprise.

Highlights

Understanding why internal fraud occurs
Fraudulent acts initiated by outside organizations
Policies, procedures and control measures designed to fight fraud
Steps that verify anti-fraud activities are working

Prerequisites

A basic understanding of Internal Control concepts.

Designed For

CPAs, accounting and business professionals.

Objectives

Recall reasons that employees and others who are internal to an organization choose to undertake fraudulent acts
Indicate the factors that make an organization attractive to those considering an external fraud attempt
Identify the types of control measures that work best as entities strive to mitigate fraud risk
Recognize specific internal control measures that can help to reduce fraud activities
Indicate how anti-fraud measures add security to all segments and aspects of a business organization

Preparation

None.

Notice

Role Level: Entry-level/Individual contributor; Manager/Senior Manager; Director; Executive/VP; Sole Practitioner

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Karl W. Egnatoff, CITP, Taymes, LLC

Leader Bios

Karl W. Egnatoff, CITP, Taymes, LLC

Karl Egnatoff is a Certified Public Accountant (CPA) based in the Charleston, West Virginia area. He has worked as a consultant, trainer and programmer related to financial and business technology projects for the past 17 years. Prior to this, Karl worked in public Accounting & Auditing as well as in private sector Accounting & Auditing for a period of approximately six years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). Karl is a member of the West Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certifications including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these were business technology entities that provided consulting and training services. The experience he garnered while with these organizations serves him now as he teaches continuing professional education in association with K2 Enterprises. Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college he participated in division I Cross County competing on the varsity squad. He was also on Marshall’s Track team. Karl and his wife Lana live in Milton, West Virginia and have been married for twenty-two years. They have two sons, Jordan age 20, Steven age 18.

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