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Live Webcast

ACPEN Signature: 2016 Business Fraud Updated


Total Credits: 8 including 8 Auditing- Technical

Average Rating:
   107
Categories:
Accounting and Auditing |  ACPEN Signature
Speakers:
David L. Cotton, CPA, CFE, CGFM |  Charles W. Blau, JD |  Toby Bishop, CPA, CFE |  Sandra Johnigan, CPA |  Margie Reinhart, CPA, CFF, CFE |  Vincent M. Walden, CPA, CFE |  Alan M. Buie, JD
Course Levels:
Update
Duration:
8 Hours
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

A great deal has happened recently regarding fraud, fraud risk management, fraud investigation and prosecution, and the expectations placed on accountants and auditors related to fraud:

  • In 2013, the Committee of Sponsoring Organizations (COSO) of the Treadway Commission updated its Internal Control Integrated Framework to include 17 principles.  Principle 8 is: The organization considers the potential for fraud in assessing risks to the achievement of objectives.
  • In 2014, the Governmental Accountability Office (GAO) updated its Green Book (Standards for Internal Control in the Federal Government) to be consistent with the new COSO internal control framework.  Principle 8 of the updated Green Book is: Management should consider the potential for fraud when identifying, analyzing, and responding to risks.
  • In 2015, GAO published A Framework for Managing Fraud Risks in Federal Programs.
  • To meet the demand for additional guidance on performing fraud risk assessments, COSO and the Association of Certified Fraud Examiners (ACFE) sponsored a task force that prepared comprehensive guidance on Fraud Risk Management.  This new Guide is expected to be issued in August or September 2016.
  • The ACFE issued its 2016 Report to the Nations on Occupational Fraud and Abuse with analysis of 2,410 cases of occupational fraud that occurred in 114 countries.

This year’s Fraud Update will cover all of the above developments with a special emphasis on the new COSO-ACFE Fraud Risk Management Guide.  The Guide’s principal authors will explain how to perform a comprehensive fraud risk assessment.  They will also explain how to: establish a fraud risk governance structure; design and implement fraud prevention and detection control activities; establish a fraud reporting and investigation process; use data analytics to prevent and detect fraud; and monitor the overall fraud risk management process. 

Panelists will also include prosecutors and defense attorneys who will update participants on recent legal developments related to fraud investigation, prosecution, and defense.

Finally, the update will include its popular fraud case scenario wherein panelists will role-play the investigation of a “fictitious” fraud situation.

The course is designed to assist CPAs who work in all types of organizations—commercial, governmental, not-for-profit, and academic—as well as CPAs in public practice. 

The public expects CPAs to be the first line of defense against fraud perpetrators.  This course will explain the tools CPAs will need to meet these expectations.   Register now for this dynamic course update on fraud.

Basic Course Information

Learning Objectives

*Discuss and consider various types of fraud

*Learn best practices to prevent and detect fraud


Major Subjects

*Business Fraud

*COSO Frameworks


Course Materials

Speaker

David L. Cotton, CPA, CFE, CGFM's Profile

David L. Cotton, CPA, CFE, CGFM Related Seminars and Products

Chairman of Cotton & Company LLP


David L. Cotton, CPA, CFE, CGFM, is an accountant with Cotton, a Sikich Company, headquartered in Alexandria, Virginia. He has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numerous other Federal and State agencies and programs.

Dave received a BS in mechanical engineering (1971) and an MBA in management science and labor relations (1972) from Lehigh University in Bethlehem, PA. He also pursued graduate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978).

Dave served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards—GAO’s yellow book) from 2006 to 2009. He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide. He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention.

Dave is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Governmental Accounting and Auditing Committee and the Government Technical Standards Subcommittee of the AICPA Professional Ethics Executive Committee.

Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide. Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. He has been an instructor for the George Washington University masters of accountancy program (Fraud Examination and Forensic Accounting), and has instructed for the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts).

Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of 2 fraud examination … based on their contributions to the ACFE, to the profession, and to the community”).

 


Charles W. Blau, JD Related Seminars and Products


Charles W. Blau, JD, is an attorney, in private practice, in Dallas, Texas. He focuses his practice on the representation of individuals and entities that are accused of white collar crimes. Mr. Blau assists companies in discrete internal investigations both before and during governmental inquiries. He also aids corporations in fashioning, enacting and administering compliance and ethics programs. He regularly advises clients how to prevent and detect criminal, civil and administrative problems, often in conjunction with independent accountants and investigators. His practice concentration and experience includes criminal law and litigation: Tax Fraud, Criminal Anti-Trust and Securities Fraud, Defense Procurement Fraud, Environmental Crimes, Health Care Fraud, Bank Fraud and Money Laundering Crimes. Mr. Blau was an Assistant United States Attorney for the Southern District of Indiana in 1976 and held various federal prosecutorial positions through 1987, including Associate Deputy Attorney General of the United States. He is a prolific author and speaker. He is an active member of the ABA White Collar Crime Subcommittee and served as a co-chair of the Southwest Regional Committee of the organization. He is member of the Florida, Indiana and Texas bar associations as well as many other professional organizations. He received his undergraduate degree from Indiana University, his law degree from the University of Louisville and his L.L.M. in taxation from Georgetown University.


Toby Bishop, CPA, CFE Related Seminars and Products


Toby Bishop, CPA, CFE, is the director of the Deloitte Forensic Center for Deloitte Financial Advisory Services LLP (Deloitte FAS). He has been named five times to Accounting Today?s Top 100 Most Influential People in the Accounting Profession. He is co-author, with Frank Hydoski, of the book Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption (Wiley, 2009) and a related article in Harvard Business Review (October 2009). Toby is a contributing author and a member of the board of editors of Business Crimes Bulletin, a member of the Institute of Internal Auditors? (IIA) Board of Research and Education Advisors, a board member for the Institute for Fraud Prevention, has presented to the Public Company Accounting Oversight Board?s (PCAOB) Standing Advisory Group, and serves on a task force for the Center for Audit Quality?s Anti-Fraud Working Group. Toby co-authored the IIA/AICPA/ACFE guidance Managing the Business Risk of Fraud: a practical guide. He also co-authored the AICPA guidance papers Management Antifraud Programs and Controls: Guidance to Help Prevent, Deter, and Detect Fraud and Management Override: The Achilles? Heel of Fraud Prevention ? The Audit Committee and Oversight of Financial Reporting. Toby is the former president and chief executive officer of the Association of Certified Fraud Examiners (ACFE), the professional association of over 50,000 antifraud professionals in 125 countries. He is a thought leader in the area of fraud prevention and detection with a special focus on the issue of financial statement fraud. A global commentator on fraud trends, Toby has been quoted in major international publications such as The New York Times, London?s The Daily Telegraph and India Today. His material has appeared in many publications including BusinessWeek, CFO magazine, Forbes.com, Fraud Magazine, Reuters, USA Today, Accounting Today, The American Banker, The Auditor?s Report, Compliance and Ethics Magazine, Compliance Week, Corporate Board Member, Corporate Counsel, The CPA Journal, Director?s Alert, GRC 360, Internal Auditing, Journal of Accountancy, NACD Directorship, Rzeczpospolita, Sarbanes-Oxley Compliance Journal, Wall Street & Technology, and White-Collar Crime Fighter. Toby has appeared on television in several countries. He has brought his thought-provoking insights on fraud to events for organizations such as CFO Conferences, Financial Executives International, the American Accounting Association, the American Institute of Certified Public Accountants (AICPA), state CPA societies, the Association of Certified Fraud Examiners, Beta Alpha Psi, the Institute for International Research, the Institute of Internal Auditors, the Institute of Management Accountants and the Wiley Faculty Network. He also provides executive education on fraud for companies internationally. Dedicated to using education to empower others to fight fraud effectively, Toby has given presentations to more than 1,000 professors to help them equip the next generation of accounting and finance professionals. A popular invited speaker, he has given interactive presentations to thousands of undergraduate and graduate students at universities around the world. A native of England, Toby is a graduate of Oxford University. He is a CPA licensed in Illinois and Massachusetts, a CFE (Certified Fraud Examiner) and a fellow of the Institute of Chartered Accountants in England & Wales (FCA).


Sandra Johnigan, CPA's Profile

Sandra Johnigan, CPA Related Seminars and Products


Sandra Johnigan is a CPA, Certified in Financial Forensics, and a Certified Fraud Examiner. She currently serves as an Editorial Advisor to the Journal of Accountancy. She served a four-year term, completed in 2016, as a member of the Auditing Standards Board of the American Institute of CPAs (AICPA). She is also one of the principal authors of the Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) Fraud Risk Management Guide. The Guide is intended to serve as best practices guidance for organizations when implementing the COSO fraud risk assessment principle.

Ms. Johnigan is engaged by public companies in civil litigation involving internal controls, disclosures, fraud and accounting issues in SEC filings. Engagements by accounting firms have included the application of auditing standards and accounting principles to a wide variety of issues, including internal controls, allowance for loan losses, financial instruments, revenue recognition and detection of fraud. She has also been engaged by the Department of Justice and the Securities and Exchange Commission. Prior to her current consulting, Ms. Johnigan was an audit partner with EY, where she served as the National Office Chair of both the Thrift Industry Group and Real Estate Industry Group, and Co-Chair of the Financial Services Group. She previously was chair of the AICPA Forensic & Litigation Services Committee and served on the AICPA Council and the AICPA Forensic and Valuation Services Executive Committee.

 


Margie Reinhart, CPA, CFF, CFE's Profile

Margie Reinhart, CPA, CFF, CFE Related Seminars and Products

Director

The Kenrich Group, LLC


Margie Reinhart, CPA, CFF, CFE has devoted her career to be highly skilled in the multi-facets of forensic accounting, forensic data analytics, expert witness consulting, white collar investigations and fraud consulting. She has 12 years Big 4 experience and 10 years within a commercial setting. Possesses demonstrable success in analyzing and interpreting business performance data and producing insights for C-level leadership that ‘cuts to the heart’ of where business performance can be improved.  Ms. Reinhart works closely with corporate executives, government agencies and law firms to serve as an expert in forensic accounting matters, fraud investigations, data analytics, interviews and interrogations, financial disputes, risk management, internal audit special projects, and litigation consulting. She has practiced both in the United States and Canada.


Vincent M. Walden, CPA, CFE's Profile

Vincent M. Walden, CPA, CFE Related Seminars and Products

CEO

Kona AI


Vincent Walden, CPA, CFE, is CEO of KonaAI, specializing in forensic data analytics, continuous controls monitoring, anti-bribery & corruption analytics and compliance. His primary area of concentration is in providing leading technology and perspectives on both proactive compliance programs and reactive investigations and is 2022’s CFE of the Year by the Association of Certified Fraud Examiners.

Prior to leading KonaAI as their CEO, he was a managing director at Alvarez & Marsal, and a partner at Ernst & Young’s Forensic & Integrity Services Practice in Dallas, New York and Atlanta. Before EY, he worked at KPMG and Arthur Andersen. During his career, he also served as President and CFO of a privately-funded Internet company, which was subsequently sold to a Fortune 500 Company.

As an industry thought leader, Mr. Walden sits on Compliance Week’s Advisory Board and is featured in many publications including Internal Auditor Magazine, Compliance Week, Forbes, The Wall Street Journal, Harvard Business Review and The Economist. He is a regular columnist for FRAUD Magazine and writes about anti-fraud innovation. As part of COSO’s Anti-Fraud Task Force, Mr. Walden co-authored its “Fraud Risk Management Guide”, which was released in September 2016 and is being updated in 2022. He also hosts a bi-weekly podcast show, “The Walden Pond”, which focuses on compliance innovation and is an Adjunct Professor at Fordham Law School teaching on compliance technology & innovation.


Alan M. Buie, JD's Profile

Alan M. Buie, JD Related Seminars and Products


Alan M. Buie, JD, is an Assistant United States Attorney in the Western District of Texas, assigned to the Austin office. After graduating from law school in 1992, he clerked for a judge for two years and then spent six years in private practice in Washington, DC.

Alan entered government service in the Fort Worth office of the SEC in 2000 and served there as an enforcement attorney until 2005. In 2005, he became an Assistant United States Attorney for the Northern District of Texas, assigned to the Fort Worth Office, and served there until 2008. From 2008 to 2012, Alan served in the Dallas office as the corporate and securities fraud AUSA for the Northern District of Texas.

In 2012, Alan began serving in his current position, where he represents the government in criminal cases in federal district court, with a particular emphasis on investment fraud and other financial crimes.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Course Developer Business Professionals' Network, Inc.
Yellow Book No
Original Recording Date 09/21/2016
Date Added to Catalog 02/08/2016
Designed For

Public and Industry


Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements

Online Registration


Reviews

5
4
3
2
1

Overall:      4.4

Total Reviews: 107

Comments

Edward C - WESTERN SPRINGS, Illinois

"Great discussion, loved the role play the panel performed. All great speakers"

Amy D - x

"Great course! Would like to have a little more info on how to apply this to small businesses. Otherwise, absolutely loved the role play at the end! Well done! "

CONCEPCION M - Edinburg, Texas

"Really like the panels and role playing. Great interaction between panelist. "

James V

"Very interesting - nice job!"

Linda L - Battle Ground, Washington

"Very informative especially with the contrast between the accounting and legal viewpoints. The fraud role playing presentation was also interesting."

Suzanne M

"I enjoyed the in-depth discussion of all aspects of the fraud risk management guide, both pro's and con's. I appreciated the non-hurried pace of discussion, which allowed for extended discussions and consideration, and will ultimately result in my remembering this cpe much longer and more likely to apply its concepts and practices. Thank you!"

Camala C - na

"Thoroughly enjoyed the Case Sudy and all the iteraction"

Kelli K - NA

"the case study was very informative and intriguing"

Toni G - Exeter, Rhode Island

"The afternoon session was more interesting than the morning session."

Janis G - Corpus Christi

"Really liked the case study."