Date/Time: Saturday August 4, 2012 from 8:00 am-11:00 am
Description: While innovation in the area of fraud is not thought of positively, new schemes - or new takes on old schemes - continue to surface. Those tasked with the responsibility of fraud deterrence and mitigating risk - and those training the next generation of forensic professionals - must also innovate. The economy is forcing many companies to do more with less so rethinking things in this area is a necessity.
This session will provide information on what’s new in fraud schemes and new techniques for keeping up with those innovative schemes. Participants will be provided with an update on what areas the SEC has been targeting with specific examples suitable for classroom discussion. The session will also examine frauds in small and medium-sized organizations, and current measures that companies both large and small are utilizing to combat fraud in their organizations.
The session will include current fraud cases “ripped from the headlines” and provide a framework for using the local stories to analyze the fraud triangle and detect patterns. Information sources and resources for keeping up to date in this area will be provided.
Field of Study: Accounting
Program Level: Intermediate
Method of Delivery: Group — Live
Intended Audience: Academics interested in current developments in fraud as well as those looking for additional cases/activities to imbed in other studies; practitioners who are interested in materials related to fraud that can be utilized for staff training and complying with the spirit of SAS 99.
Format/Structure: The format of the workshop will consist of the presentation and discussion of new trends in fraud as well as fraud detection and prevention. A framework for categorizing fraud occurrences in small businesses will be shared along with illustrations using actual frauds in the news.
Learning Objective: 1. Discuss recent trends and cases in fraud, including frauds perpetrated using technology.
2. Utilize tools and suggestions for detecting and preventing these frauds
3. Provide specific examples of SEC investigations as well as examples of current trends in frauds carried out in small and medium-sized businesses
4. Demonstrate a framework for using the fraud stories reported in the news to analyze elements of the fraud triangle and detect patterns.
Prerequisites: Participants should be familiar with the fraud triangle and basic types of fraud schemes.
Advanced Preparation Required: No advance preparation is required.