Business Frauds: Detection, Prevention and Controls 2015

Topics

• Recognizing the behavior of perpetrators. Suspicion and action are not necessarily related
• Understanding the logistics of business fraud. The "nuts `n bolts" of committing long term business fraud
• Why popular precautions are of less value than claimed checks and balances, debits and credits and forensic accounting are popular techniques and slogans. Do they really achieve anything?
• Aspects and beliefs generally associated with business fraud. What we hear about and what we don`t hear about. The unspoken realities of this back door industry
• How they often get started. What motivates a business owner or top senior executive to steal from their company? It`s not always greed
• Risks taken and caused by perpetrators
• How financial checks and balances can make embezzlement more difficult. Embezzlement is the easiest form of business fraud to spot. Yet, it is so prevalent. Why does it continue to exist? Why do we hear so little about it in closely held companies?
• What types of fraud are most prevalent and how to mitigate the risk
• What to do if you suspect internal fraud. The five D`s of fraud spotting

Who should Attend

• Internal and external audit professionals
• Attorneys
• Finance and accounting management
• Internal control professionals
• Loss prevention and risk specialists
• Compliance and ethics managers
• Fraud examiners
• Security professionals
• Investment management professionals
• Procurement/purchasing and payables specialists
• Accounting and audit practitioners
• Large business owners
• Senior financial management seeking to reduce their vulnerability to costly frauds
• HR managers