July 29, 2019 8:00am – 3:30pm Map & Directions 602-252-4144

Fraud Update: Detecting and Preventing the Top 10 Fraud Schemes

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

Many costly fraudulent schemes have occurred repeatedly throughout the past
several decades. Why do these material and frequently recurring frauds succeed?
One reason is that business owners, management, auditors, and employees fail to
recognize the red flags that have been associated with these financial statement
and misappropriation of asset frauds. Another major reason is that the reporting
and transaction processing systems do not have adequate controls to either
prevent and/or detect these schemes. This course will provide descriptions of how
these major frauds are perpetrated (including real-world examples) and the types
of cost-effective controls that can be implemented by both small and large
businesses and nonprofit entities to identify and prevent these deceptive acts.

Location

ASCPA Learning Center
4801 E Washington St Ste 180
Phoenix, AZ 85034-2040

Registration Time

7:30am

Fees

Member

$300

Non-CPA Staff

$400

Non-CPA Staff (100% club)

$300

Non-CPA Staff (sole proprietor)

$300

Non-Member

$400

Phoenix
Accounting & Auditing
8

Objectives

  • Identify the findings and implications of major fraud studies.
  • Identify the risk factors and red flags for each of the top ten fraud schemes.
  • Determine design controls to build into systems to mitigate fraud risks.
  • Distinguish the methodology of how frauds are committed.
  • Identify trends in various types of fraud.

Course Level

Intermediate

Vendor

AICPA More With This Vendor

Designed For

Business owners, managers, supervisors, employees, accountants and auditors

Prerequisites

Experience in accounting and reporting

Event Leaders

Helms, Glenn

Rating: 4.78


Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the American Institute of Certified Public Accountant’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialized Accreditation Board.

Dr. Helms has presented over 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 60 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His books address security, controls and fraud in a variety of environments. He has numerous years’ experience in public accounting and serves as a consultant to various organizations including CPA firms, financial institutions, and large and small entities.

He has authored numerous CPE courses including – Internal Control Best Practices for Small- and Medium-Sized Entities, Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls, Revenue and Cash Receipts: Common Frauds and Internal Controls, Internal Control Essentials for Financial Managers, Accountants, and Auditors, Forensic Accounting Investigative Practices, Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities, and IT Risk and Controls in Traditional and Emerging Environments Dr. Helms is a multiple year recipient of the Don Farmer Award, and also the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented. He has received similar awards from state societies and universities.


Dr. Helms is a 2012-13 recipient of the AICPA Outstanding Instructor Award and 2014 recipient of the AICPA Outstanding Discussion Leader Award


More With Helms, Glenn

Highlights

  • Major financial statement frauds including, among others, corruption conspiracies regarding sales and other types of revenue, estimates, journal entries, and other accounts
  • Major misappropriation of asset frauds including, among others, skimming, larceny, and embezzlement involving inventory, payables, and other accounts
  • Ponzi and asset flip schemes
  • Control implementation ideas
  • Risk factors in accordance with the revised authoritative guidance on fraud

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