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ACPEN Signature: 2017 Business Fraud Update


Total Credits: 8 including 2 Accounting - Technical, 6 Auditing- Technical


Dates


Description

Business fraud happens.  A lot.

According to the Association of Certified Fraud Examiners (ACFE), the typical organization loses about 5% of its revenues each year due to fraud.  That’s an astounding estimate.  But, why do organizations continue to be so vulnerable to fraud?  One reason is that most organizations simply do not think fraud can happen to them.  They think that fraud only happens to other, not-as-well-managed organizations.  So, such organizations do not focus on fraud, fraud prevention, fraud detection, and fraud deterrence.  Then, when fraud happens to them, senior management and those responsible for governance immediately try to find someone to blame beside themselves.  The scapegoat is often the very accountability professionals—accountants, internal auditors, or external auditors—who tried to warn them about fraud vulnerabilities and the importance of proactive fraud risk management.  The accountability professional needs to (a) remain at the cutting edge of knowledge about fraud and (b) constantly warn management and those charged with governance about fraud risks.

This year’s Business Fraud Update edition is another fast moving seminar that will provide a comprehensive look at the latest developments about fraud from the technical, legal, and operational perspectives and update participants on the most recent legal and regulatory developments in this important area of professional responsibility.  Particular attention and focus will be directed to the latest developments in "best practices" for implementing the recently-revised Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission.  Every organization that purports to follow the COSO Internal Control Framework must now adhere to the following key principle:

The organization considers the potential for fraud in assessing risks to the achievement of objectives.

To assist COSO users in meeting these new fraud related requirements, COSO and the ACFE recently issued a Fraud Risk Management Guide.  Our ACPEN panel will include the principal authors of this comprehensive guidance. 

The panel will include experts in the rapidly-evolving field of data analytics who will explain how data analysis software can be used to prevent fraud and identify fraudulent transactions early, before the fraud can become catastrophic.

The panel will also focus on two new emerging trends related to Enterprise Rick Management: protecting against cyber threats and ensuring a proper focus on sustainability.

Our panel of legal experts (prosecutors and white-collar defense lawyers) will weigh in on these emerging issues from their special points of view.

Participants will learn and master new skills for meeting their professional, legal and ethical responsibilities to make reasonable efforts to deter, prevent, and detect fraud.

As in previous business fraud update programs, the materials discussed will be further illustrated using a fact pattern presented via role playing scenarios using our expert panelists to play key roles in an intriguing “who done it” format.

Business fraud happens.  This program will help accountability professionals manage the risk of fraud effectively and proactively.  AND, give them the tools they need to keep senior management and governance officials apprised of the importance of constant vigilance regarding fraud risks and the need for proactive fraud risk management.

Program Chair: David L. Cotton, CPA, Cotton & Company, LLP, Alexandria, VA

(Note: The final Speaker List and detailed marketing will be available 90 days before the original course date, above)

Basic Course Information

Learning Objectives

*Provide a comprehensive look at fraud risk management from the technical, legal, and operational perspectives and update participants on the most recent legal and regulatory developments pertaining to fraud deterrence, prevention, and detection


Major Subjects

*Business Fraud

*Fraud Risk Management

*Fraud Risk Assessments

*Cyber-Crime

*Sustainability


Course Materials

Faculty

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”).

 


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.


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.


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.


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.

 


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).


Paul Yanowitch, JD Related Seminars and Products

AUSA, Northern District of Texas,

United State Attorney’s Office, Dallas, TX


John Toney Related Seminars and Products


John Toney joined EY in December 2015 as a Senior Manager in the Fraud Investigation Dispute Services practice. Prior to joining EY, John served as a Special Agent with the US Secret Service, specializing in electronic crimes, critical systems protection, and protective operations. John began his US Secret Service career assigned to the financial crimes unit of the Philadelphia Field Office. In this role, he led multi- state investigations dealing with bank
fraud, large scale identity theft, and violations of the Bank Secrecy Act. John was among the first agents selected for the Network Intrusion Response (NITRO) program. Through training designed by the Department of Defense, and US Secret Service, John studied advanced concepts in network architecture, packet analysis, and penetration testing. He investigated
crimes ranging from e-commerce data thefts to privilege escalation exploits. His work was also formally recognized by the National Center for Missing and Exploited Children for the identification of eighteen child victims and the arrest of their abuser. He has served as a subject matter expert for the US Attorney’s Office in the Eastern District of Pennsylvania, educating Assistant US Attorneys on cyber investigations. John has extensive trial experience, managing all phases of trial preparation as well as appearing in US District
Court, before federal Grand Juries, and preparing civil asset forfeiture matters. John’s casework has also withstood review by the US Circuit Court of Appeals. John has led digital forensics and incident response (DFIR) investigations such as: Ransomware attacks (to include incident triage, server decryption, data restoration, enterprise remediation, active
monitoring, and follow-up investigation under attorney-client privilege); polymorphic worm infections; shadow investigations; phishing attacks; business email compromise attacks; unauthorized access and privilege escalations; and loss of PII requiring victim notification. John also has extensive global experience, conducting on-site assessments in Belgium,
Mauritius, Namibia, Botswana, Vietnam, and Cambodia. He reviewed controls and policies governing the protection of assets valued between $16 million dollars and $240 million dollars per site, and designed remediation solutions for gaps requiring urgent attention. John has supervised nationwide teams of investigators during a large scope Anti-Money Laundering transaction lookback involving 500,000 accounts and 250 million transactions
spanning a four year period. During the course of this engagement, John traced transactions involving high risk jurisdictions, and completed detailed risk assessments based upon customer profile, due diligence information, and movement of funds internationally.


Larry M. Blancett, MBA Related Seminars and Products


Larry M. Blancett, MBA, Chief Technology Officer for AcSys Biometrics. He manages the US segment of business after building enterprise to bring to market products utilizing cutting-edge Artificial Intelligence based biometrics face recognition security products. Create and execute product development plans. Deliver beta test models and manage field trials of new products. Meet and communicate with potential customers to market our Artificial Intelligence
Engine HNet. Oversee transfer of technology, processes, and operations from Toronto to Dallas to penetrate National Security Agency market. Demonstrate products in industry trade shows and events. Manage 117 technology, AI and IT security professionals.


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.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

*Public Accountants and Accountants in Industry

*External Auditors

*Internal Auditors

*Risk Management Professionals


Original Recording Date 09/20/2017
Yellow Book No
Course Developer Business Professionals' Network, Inc.
Date Added to Catalog 02/02/2017

Additional Information

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


Instructional Delivery Method Group Internet Based
Course Registration Requirements

Online Registration


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. 


Reviews

5
4
3
2
1

Overall:      4.4

Total Reviews: 76

Comments

Rachel S

"I really enjoyed this course! I liked working through the fraud scenario and how you would handle the situation. The presenters obviously knew their stuff. Thank you! "

Edward C - WESTERN SPRINGS, Illinois

"Great course. Loved the case studies!"

Lauren F - Clive, Iowa

"This was the best CPE course I have taken in several years. The fraud case was extremely interesting and well presented. I felt that I learned a great deal from this course. The speakers all spoke insightfully of their varied experiences. Well done!"

Todd F - Coral Springs, Florida

"Great program with intelligent instructors."

Annette T - x

"Very well presented and interesting! "

Steven E

"Great Course and discussion of real world examples and role playing."

Evan G

"Love the panel and real world examples--please continue this type of format and discussion!"