Fraud Prevention and Detection for IT Professionals
|
|
- Barnard Logan
- 6 years ago
- Views:
Transcription
1 Fraud Prevention and Detection for IT Professionals Netsecure 2011 Conference Sandra Rolnicki Senior Vice President, March 2011
2 Contents (1) Introduction to fraud concepts (2) How control weaknesses are exploited (3) Preventive and detective controls (4) Red flags or indicators of fraud (5) Conclusion, Resources and Q&A 2
3 (1) Introduction to Fraud Concepts The fraud triangle Personal Professional Pressure Opportunity Control weaknesses - System - Process - People Internal dialogue Rationalization Justification for fraudulent acts Source: ACFE 2010 Report to the Nation on Occupational Fraud and Abuse 3
4 (2) How Control Weaknesses are Exploited Case study application to fraud triangle Pressure Assistant living beyond her means Used corporate card for purchases Opportunities System: Expense system auto-approval Process: Card activity / receipts not monitored People: Missed red flags Rationalization Career fraudster 4
5 (3) Preventive and Detective Controls Preventive System: Duplicate invoice and payment checks System thresholds periodically changed Access that sufficiently segregates duties Process: Detection likelihood and perception People: Background checks for key roles Code of Conduct certifications Ethics hotline Training ethics and antifraud FPO 5
6 (3) Preventive and Detective Controls (cont d) Detective and/or mitigating System: Audit logs Exception reporting Process: Financial statement ratios Threshold analysis Bank and financial statement account reconciliations Operational metrics People: HR audits Management observation 6
7 (3) Preventive and Detective Controls (cont d) Implementing system controls Implement sooner than later - Edit checks, queries, reports, etc. Ask about fraud risk assessment - Brainstorm fraud risks - Identify how to reduce fraud risk Prevent overreliance on system controls - Remember process and people controls 7
8 (4) Red Flags Professional and personal Professional: Staff under stress New staff resigning quickly Always an excuse or exception Excessive control / authority Personal: Always working late Reluctant to take vacation Living beyond apparent means Cozy with customers / suppliers Resists job rotation 8
9 (5) Conclusion, Resources and Q&A Conclusion Fraud is out there and could happen at your company The impact is significant in terms of dollars and time How do we prevent and detect it? - Be aware of red flags - Raise perception of detection - Brainstorm fraud risks - Remember process and people when designing system controls 9
10 (5) Conclusion, Resources and Q&A (cont d) Resources Association of Certified Fraud Examiners: - Bi-Annual Report to the Nation on Occupational Fraud and Abuse American Institute of Certified Public Accountants: - SAS No. 99: Management Antifraud Programs and Controls Questions? - Call or Sandra Rolnicki , sandra.rolnicki@am.jll.com 10
11 Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of $2.9 billion, Jones Lang LaSalle serves clients in over 60 countries from 750 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company s investment management business, is one of the world s largest and most diverse in real estate with $41 billion of assets under management. For further information, please visit our web site, Copyright Jones Lang LaSalle IP, Inc. 2008
Fraud Detection and Prevention
Fraud Detection and Prevention Presented by: Louise Hanson, Moss Adams LLP Emily Ogden, Moss Adams LLP April 24, 2014 1 DISCLOSURE STATEMENT The material appearing in this presentation is for informational
More informationFRAUD SCHEMES. South Carolina HFMA Finance & Reimbursement Forum. November 13, 2012 WITH RELATED INTERNAL CONTROLS
FRAUD SCHEMES WITH RELATED INTERNAL CONTROLS South Carolina HFMA Finance & Reimbursement Forum November 13, 2012 2 Fraud Facts: Estimated loss of 5% of annual revenues to occupational fraud Financial statement
More informationKeep Procure-to-Pay (P2P) Fraud at Bay with Fraud Detection Tools & Techniques
Keep Procure-to-Pay (P2P) Fraud at Bay with Fraud Detection Tools & Techniques Chris Doxey, CAPP, CCSA, CICA, CPC President, Doxey, Inc. chris@chrisdoxey.com 571-267-9107 2 May 7-9, 2017 Chris Doxey, CAPP,
More informationCan You Spot Fraudsters?
Can You Spot Fraudsters? CACUBO Workshop March 22, 2018 Eric Conforti, CPA, CFE 1 Who Are We? A One-Firm Firm: Over 2,200 industry experts to partner with when specific industry knowledge is needed during
More informationVirginia Association of School Business Officers Getting Reacquainted with Internal Controls Presented by John S. Aldridge, CPA
Virginia Association of School Business Officers Getting Reacquainted with Internal Controls Presented by John S. Aldridge, CPA Introduction What are internal controls? Simple Definition Internal control
More informationOffice of the Utah Legislative Auditor General. Fraud Prevention. Utah Government Finance Officers Association. Spring 2017 Conference
Office of the Utah Legislative Auditor General Fraud Prevention Utah Government Finance Officers Association Spring 2017 Conference Utah Legislative Auditor General Constitutional Charge and Authority
More informationFraud Prevention, Detection, and Internal Controls
Fraud Prevention, Detection, and Internal Controls Budget, Accounting and Reporting Council May 28, 2015 Sherrie Ard, CPA, CFE Financial Management Specialist Local Government Performance Center Local
More informationUsing Transactional Analysis for
Using Transactional Analysis for Effective Fraud Detection Date: 15 th January 2009 Nishith Seth Seth Services.P. Ltd. www.sspl.net.in Cost Indirect costs: image, morale Fraud Issues & Impact Direct costs:
More informationContract and Procurement Fraud. Fraud in Procurement without Competition
Contract and Procurement Fraud Fraud in Procurement without Competition Sole-Source Awards Noncompetitive procurement process through the solicitation of only one source Procurement through sole-source
More informationData-Driven Approaches to Identifying Risk and Indicators of Fraud November 2013
Data-Driven Approaches to Identifying Risk and Indicators of Fraud November 2013 David Coderre Public Servant in Residence Office of the Comptroller General of Canada 1 Agenda The problem Subjective and
More informationINTERNAL AUDIT EFFECTIVENESS. Conducting Fraud Investigations Conducting Internal Audit
INTERNAL AUDIT EFFECTIVENESS Conducting Fraud Investigations Conducting Internal Audit Conducting Fraud Investigations Why Fraud? Fraud is the product of three factors: Supply of motivated offenders; The
More informationManaging Risk in Your P2P Process: 10 Ways that Automation Can Help Mitigate Risk
Managing Risk in Your P2P Process: 10 Ways that Automation Can Help Mitigate Risk Chris Doxey, CAPP, CCSA, CICA, CPC President, Doxey, Inc. chris@chrisdoxey.com 571-267-9107 Agenda Introduction to Risk
More informationFraud Risk Management
Fraud Risk Management Introduction Bethmara Kessler, CFE, CISA Campbell Soup Company 2017 Association of Certified Fraud Examiners, Inc. CPE Information 2017 Association of Certified Fraud Examiners, Inc.
More information2/27/2017. Segregation of Duties/ Internal Controls. Objectives. Agenda
Segregation of Duties/ Internal Controls 2017 WASBO Accounting Conference David Maccoux, Shareholder Objectives Discuss failures of internal controls to detect or prevent fraud and learn how to implement
More informationCREATING A FRAUD RISK ASSESSMENT AND IMPLEMENTING A CONTINUOUS MONITORING PROGRAM
CREATING A FRAUD RISK ASSESSMENT AND IMPLEMENTING A CONTINUOUS MONITORING PROGRAM Compliance professionals around the world are struggling with how to do more with less. In order to provide effective assurance
More informationSegregation, Frustration, and Transformation of Duties
Segregation, Frustration, and Transformation of Duties Association of Certified Fraud Examiners 21 st Annual Fraud Conference Darrin Hotrum, CFE, CIA, CISA July 26, 2010 2 Outline Introduction The Basics
More informationFraud Prevention: How to Identify and Protect Your Higher Ed Institution
Fraud Prevention: How to Identify and Protect Your Higher Ed Institution November 16, 2017 Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment
More informationAuditing for Fraud. Planning & Approaches
Auditing for Fraud Planning & Approaches Today s Agenda Introductions What is Fraud? Internal audit and fraud Managing Fraud as an organization 2 Today s Agenda Introductions 3 Clark Schaefer Consulting?
More informationManaging Fraud Risk: New Professional Guidance
Managing Fraud Risk: New Professional Guidance Mohammed Ahmed & Toby J.F. Bishop Deloitte Financial Advisory Services LLP September 10, 2007 Objectives Make you aware of the new guidance Show how you can
More informationInternal Audit Procurement Policies and Controls
Internal Audit Procurement Policies and Controls Melissa Aw Yong 10 October 2012 SAA Global Education Centre Pte Ltd Seminar 6/7 111 Somerset Road, #06-01/02 TripleOne Somerset Singapore 238164 Agenda
More informationMcGraw-Hill/Irwin. Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
McGraw-Hill/Irwin Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 04 Management Fraud and Audit Risk Learning Objectives 1. Define business risk and understand how management
More informationDeveloping an Integrated Anti-Fraud, Compliance, and Ethics Program
Developing an Integrated Anti-Fraud, Compliance, and Ethics Program Implementing a Whistleblower Helpline 2018 Association of Certified Fraud Examiners, Inc. Discussion Questions 1. Does your organization
More informationThe State of Fraud in Government
Public and private organizations employ tools and applications for data analysis and predictive analytics to battle both the rising incidence of fraud and improper payments and the increasing cost of detecting
More informationOUTSMART FRAUD. Strategic Internal Controls to Prevent Business Fraud
OUTSMART FRAUD Strategic Internal Controls to Prevent Business Fraud GrowthForce LLC 800 Rockmead Drive Suite 200 Phone 281.358.2007 Fax 281.358.4120 OUTSMART BUSINESS FRAUD Using statistical data from
More informationFRAUD AND PROFESSIONAL ETHICS IN HIGHER EDUCATION
FRAUD AND PROFESSIONAL ETHICS IN HIGHER EDUCATION Brent Stevens, CPA, CGMA Partner in Charge Higher Education Services Group RubinBrown WHY YOU ARE HERE TODAY? *Image courtesy of Association of Certified
More informationCorporate Governor. Providing vision and advice for management, boards of directors and audit committees Winter 2015
Corporate Governor Providing vision and advice for management, boards of directors and audit committees Winter 2015 COSO 2013 framework boosts fraud risk assessment and prevention Fraud is among the most
More informationVERSION #1 WRITE ON YOUR SCANTRON!!!
ECON 132A WINTER 2009 MIDTERM #2 Name: Date: ANSWER ALL MULTIPLE CHOICE QUESTIONS ON GREEN SCANTRON ANSWER QUESTIONS 29 & 30 IN THE SPACE PROVIDED ANSWER THE SIMULATION ASSIGNMENT IN YOUR BLUE-BOOK, PUT
More informationReview and Implementation. Of Practice Internal Controls
Review and Implementation Of Practice Internal Controls Is there a fraudster in your practice? An embezzler or other workplace fraud perpetrator will often display certain telltale red flags. One of the
More informationDiving into the 2013 COSO Framework. Presented by: Ronald A. Conrad
Diving into the 2013 COSO Framework Presented by: Ronald A. Conrad 2 Objectives Obtain an understanding of why the COSO Framework has been updated Understand how the framework has changed Identify the
More informationACFE FRAUD PREVENTION CHECK-UP ASSOCIATION OF CERTIFIED FRAUD EXAMINERS
ACFE FRAUD PREVENTION ASSOCIATION OF CERTIFIED FRAUD EXAMINERS ACFE FRAUD PREVENTION One of the ACFE s most valuable fraud prevention resources, the ACFE Fraud Prevention Check-Up is a simple yet powerful
More informationInternal Audit Work Plan
Internal Audit Work Plan Fiscal Year 2018 Department of Management and Finance 1 Internal Audit Services Arlington County s Internal Audit Division is organizationally located in the Department of Management
More informationWeek 3: Fraud, Procure to Pay Process Controls
Edward Beaver Edward.Beaver@temple.edu ff MIS 5121: Business Processes, ERP Systems & Controls Week 3: Fraud, Procure to Pay Process Controls Video: Record the Class Discussion v Something really new,
More informationCommon Frauds Found in Not-for- Profit Organizations
Common Frauds Found in Not-for- Profit Organizations NCACPA Not-for-Profit Conference May 19, 2015 Presented by Lynda M. Dennis CPA, CGFO, PhD Today s Session Overview 2014 Occupational Fraud Report Findings
More informationSTUDY UNIT TEN INTERNAL AUDIT RESPONSIBILITIES FOR FRAUD
STUDY UNIT TEN INTERNAL AUDIT RESPONSIBILITIES FOR FRAUD 1 10.1 Fraud -- Nature, Prevention, and Detection..................................... 1 10.2 Fraud -- Indicators........................................................
More informationCOSO Updates and Expectations. IIA San Diego Chapter January 8, 2014
COSO Updates and Expectations IIA San Diego Chapter January 8, 2014 Agenda Overview of 2013 Internal Control-Integrated Framework and Companion Guidance 2013 Framework General Enhancements by Component
More informationCompany LOGO C B T. An Educational Computer Based Training Program
C B T An Educational Computer Based Training Program The University of Texas at Dallas Compliance Training Effectively Controlling Risks Company Effectively Controlling Risks What is the purpose of this
More informationMoscow Workplace Strategies and Office Space Standards
June 2013 CORPORATE SOLUTIONS RESEARCH Moscow Workplace Strategies and Office Space Standards Survey Results Introduction We are pleased to present Jones Lang LaSalle s first report on workplace trends
More information38 Years of Excellent Client Service New COSO Model and How Internal Controls Help to Reduce Opportunity for Fraud
38 Years of Excellent Client Service New COSO Model and How Internal Controls Help to Reduce Opportunity for Fraud Presented By William Blend, CPA, CFE Session Overview Review the new COSO model on internal
More informationFraud Risk Management
Fraud Risk Management Specific Anti-Fraud Controls (Process or Transaction Level) 2017 Association of Certified Fraud Examiners, Inc. Discussion Questions 1. Does your organization have adequate staffing
More informationIntroduction to Fraud and Forensic Professional Oppurtunities for Chartered Accountants
WESTERN INDIA REGIONAL COUNCIL OF ICAI Introduction to Fraud and Forensic Professional Oppurtunities for Chartered Accountants Presented on 11 th March, 2017 By CA Vijay Kewalramani B. Com., LL. M., F.
More informationOVERVIEW. Common Personality Traits of Fraudsters. Common Sources of Pressure. Changes in Behavior
Red Flags of Fraud OVERVIEW Red Flags of Fraud are warning signs that may indicate a higher fraud risk. They are NOT evidence that fraud is actually occurring. Many employees demonstrate one or more of
More informationGlobal Benchmark. Role of data analytics for internal fraud detection
Global Benchmark Role of data analytics for internal fraud detection 2 overview According to the latest findings in the Ernst & Young Global Forensic Data Analytics Survey 2016 and 2016 ACFE Report to
More informationIIA Springfield IL Chapter
Adding Value with Data Analytics IIA Springfield IL Chapter October 14, 2010 0 Jan Beckmann, CPA, ACL Certified Trainer, ACDA jbeckmann@bswllc.com 314.983.1254 1050 N. Lindbergh Blvd. St. Louis, Missouri
More informationFinancial Controls Checklist
Financial Controls Checklist Board of Health: Board of Health for the Leeds, Grenville & Lanark District Health Unit Period ended: Dec. 31/17 Objective: The objective of the Financial Controls Checklist
More informationChapter 7 Internal Controls
Chapter 7 Internal Controls Establishment of and adherence to internal controls is a major part of managing an organization. Internal controls serve as the first line of defense in safeguarding assets
More informationFRAUD IN GOVERNMENT AN OPEN DISCUSSION. Presented By William Blend, CPA, CFE
FRAUD IN GOVERNMENT AN OPEN DISCUSSION Presented By William Blend, CPA, CFE AGENDA Fraud and Ethics Discussion Fraud Triangle and Beyond Data from 2016 ACFE Report to the Nations Recent Fraud Investigations
More informationThe Best of Crimes, the Worst of Crimes: Fraud Stories That Prove the Truth Is in the Transactions
Technology for Business Assurance The Best of Crimes, the Worst of Crimes: Fraud Stories That Prove the Truth Is in the Transactions Copyright 2009 ACL Services Ltd. Peter Millar Director, Technology Application
More informationAvoiding Risk Management Failure: A Case Study in Process Improvement and Risk Mitigation
Avoiding Risk Management Failure: A Case Study in Process Improvement and Risk Mitigation Roger Burlton and Sasha Aganova The Process Renewal Consulting Group Inc. November 2015 Notice of confidentiality
More informationInternal Fraud Monitoring & Investigation Best Practices. By Tom Holland, CFE
Internal Fraud Monitoring & Investigation Best Practices By Tom Holland, CFE BSA Coalition Training BSA Event Coalition Anti-Money February Laundering 9, 2010 Conferencewww.bsacoalition.org The Threat
More informationInternal Controls: Need Them, Have Them, Love Them
Internal Controls: Need Them, Have Them, Love Them Tiffany R. Winters, Esquire twinters@bruman.com Brustein & Manasevit Fall Forum 2010 Why Do We Have Internal Controls? The Federal Managers Financial
More informationPOSITION DETAILS. Faculty Procurement Clerk. Health Sciences Faculty Finance Purchasing Unit
HR191 JOB DESCRIPTION NOTES Forms must be downloaded from the UCT website: http://www.uct.ac.za/depts/sapweb/forms/forms.htm This form serves as a template for the writing of job descriptions. A copy of
More informationEnhancing Procurement Card Programs For E-Commerce & Mission Success. IntraMalls Assurance Services
Enhancing Procurement Card Programs For E-Commerce & Mission Success IntraMalls Assurance Services IntraMall Mission Deliver Extraordinary Value E-Purchase Payment Efficiencies P-Cards and Electronic Funds
More informationMinnesota State Community and Technical College
Office of Internal Auditing Minnesota State Community and Technical College Internal Control and Compliance Audit Reference Number 2017-01 Report Classification: Public Dear Members of the Minnesota State
More informationInternal Controls and Ethics. Internal Controls & Ethics
Internal Controls and Ethics Internal Controls & Ethics 1 Session Objectives Refresher on Internal Audit Be able to assess risks in your department Be able to apply internal control concepts to mitigate
More informationFRAUD DETECTION. Early Detection = $ Saved. Red Flag = Danger. But a symptom = FRAUD. Accounting Anomalies. Accounting Anomalies
Proactive Fraud Auditing End of Chapter 4 in Albrecht FRAUD DETECTION Recognizing the Symptoms of Fraud Actg 537 Identify Risk Exposures 1 2 Identify Fraud Symptoms for Each Exposure Proactively Look for
More informationAudit of. Accounts Payable Procedures
Audit of Accounts Payable Procedures November 20, 2015 Report #2015-16 MISSION STATEMENT The School Board of Palm Beach County is committed to providing a world class education with excellence and equity
More informationAUDIT COMMITTEE OF THE BOARD OF DIRECTORS
AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CHARTER COMPOSITION AND MEETINGS The Audit Committee assists the Board in fulfilling its oversight responsibilities. The Audit Committee shall consist of no less
More informationFiscal Oversight Fundamentals
Fiscal Oversight Fundamentals Module 1: School District Finances: Roles and Responsibilities 2012 New York State School Boards Association, Latham NY The Five-Point Plan 1. Requires training for school
More informationEXECUTIVE SUMMARY - Internal Control Review of Facilities Engineering and Project Management
EXECUTIVE SUMMARY - Internal Control Review of Facilities Engineering and Project We performed a limited scope audit of Engineering and Project (EPM) current and proposed processes of institutional managed
More informationReady or Not, Here Come the New Lease Accounting Standards
Ready or Not, Here Come the New Lease Accounting Standards JLL Michael Billing Managing Director Global Lease Accounting Lead sig.org/summit Ready or not Here come the new lease accounting standards Michael
More informationJD Edwards EnterpriseOne Financial Management Overview
JD Edwards EnterpriseOne Financial Overview Karen L. Brown Senior Principal Product Manager Program Agenda 1 JD Edwards EnterpriseOne Overview 2 3 EnterpriseOne Financial Overview
More informationAN AUDIT OF INTERNAL CONTROL THAT IS INTEGRATED WITH AN AUDIT OF FINANCIAL STATEMENTS: GUIDANCE FOR AUDITORS OF SMALLER PUBLIC COMPANIES
1666 K Street, NW Washington, D.C. 20006 Telephone: (202) 207-9100 Facsimile: (202) 862-8430 www.pcaobus.org PRELIMINARY STAFF VIEWS AN AUDIT OF INTERNAL CONTROL THAT IS INTEGRATED WITH AN AUDIT OF FINANCIAL
More information2/20/15. Trevor Stewart, CPA Director of Business Services Source documentation includes CCIA and FCMAT
2/20/15 Trevor Stewart, CPA Director of Business Services Source documentation includes CCIA and FCMAT The Fraud Triangle factors that influence the commission of fraud The Fraud Tree occupational fraud
More information4 BEST PRACTICES FOR PREVENTING AIRLINE FRAUD. Accertify All rights reserved.
4 BEST PRACTICES FOR PREVENTING AIRLINE FRAUD Airline fraud is becoming more rampant and sophisticated. Fraudsters are able to quickly identify and exploit an airline s vulnerabilities. As gaps are filled,
More informationEMPLOYEE FRAUD OPPORTUNITIES CHECKLIST
Page 128 of 174 EMPLOYEE FRAUD OPPORTUNITIES CHECKLIST Recognizing Warning Signs and Preventing Problem Situations Why are consistent internal controls important? Management decisions, financial reports,
More informationEmbezzlement & Fraud How You Can Protect Yourself. Pam Newman, CMA,CFM, MBA
Embezzlement & Fraud How You Can Protect Yourself Pam Newman, CMA,CFM, MBA Pam Newman BS and MBA from University of Nebraska CMA Certified Management Accountant CFM Certified Financial Manager President
More informationMIS 5208 Week 2 Fraud Detection & Prevention
MIS 5208 Week 2 Fraud Detection & Prevention Introductions, Course Outline, and Other Administration Issues Ed Ferrara, MSIA, CISSP eferrara@temple.edu Fraud Awareness & Internal Controls Awareness Internal
More informationMANAGING FRAUD RISK WITH LIMITED RESOURCES
MANAGING FRAUD RISK WITH LIMITED RESOURCES BDO UAE Seminar 14 November 2016 MANAGING FRAUD RISK TECHNOLOGY OPPORTUNITIES Certified Information Systems Security Professional (CISSP) Certified Ethical Hacker
More informationUnderstanding Internal Controls Office of Internal Audit
Understanding Internal Controls Office of Internal Audit July 2015 Objectives for this manual Provide guidance to help management understand their responsibility to ensure that internal controls are established,
More informationK-State Athletics, Inc. Report on Internal Controls related to the Contracting, Travel, and Expenditure processes.
K-State Athletics, Inc. Report on Internal Controls related to the Contracting, Travel, and Expenditure processes. October 30, 2009 October 30, 2009 Mr. John Currie Director of Athletics K-State Athletics,
More informationCash and Internal Controls For SDA Organizations
Cash and Internal Controls For SDA Organizations 1 P R E S E N T A T I O N F O R T R E A S U R E R S E U R O - A S I A D I V I S I O N J U L Y 1 7, 2 0 1 3 Ann Gibson, PhD, CPA Andrews University Purpose
More informationSegregation of Duties
Segregation of Duties The Basics of Accounting Controls Segregation of Duties The Basics of Accounting Controls 2014 SP Plus Corporation. All rights reserved. No part of this publication may be reproduced,
More informationSmall Business Occupational Fraud
La Salle University La Salle University Digital Commons Economic Crime Forensics Capstones Economic Crime Forensics Program Spring 5-16-2014 Small Business Occupational Fraud Judy Dunne La Salle University,
More informationWhether you take in a lot of money. or you collect pennies
Whether you take in a lot of money or you collect pennies ..it is important to maintain good cash handling procedures: Segregation of Duties Security Reconciliation Management Review Documentation It s
More informationLeveraging Data Analytics to Expand Audit Coverage and Add Organizational Value
Leveraging Data Analytics to Expand Audit Coverage and Add Organizational Value Clint McPherson Managing Director, Dallas, TX Cindy Hart Manager, Dallas, TX Setting the Stage - Data Analysis Defined Data
More informationSeattle Public Schools The Office of Internal Audit
Seattle Public Schools The Office of Internal Audit Internal Audit Report September 1, 2014 through Current Issue Date: June 21, 2016 Executive Summary Background Information The function is centralized
More informationFraud Risk Management
Fraud Risk Management Using Automated Continuous Monitoring Tools 2017 Association of Certified Fraud Examiners, Inc. Discussion Questions 1. Does your organization use continuous and/or automated monitoring
More informationMelinda J. DeCorte, CPA, CFE, CGFM, PMP
Melinda J. DeCorte, CPA, CFE, CGFM, PMP Melinda DeCorte has over 19 years of accounting, auditing and government financial management experience. She directs, manages and serves in a quality assurance
More informationSarbanes Oxley Impact on Supply Chain Management
Sarbanes Oxley Impact on Supply Chain Management Robert J. Engel, C.P.M. National Director of Client Service Resources Global Professionals-SCM Practice 713-403-1979: Bob.Engel@Resources-us.com 91 st Annual
More informationFraud, bribery and corruption Protecting reputation and value
Fraud, bribery and corruption Protecting reputation and value An investor s choice Imagine two similar companies that are alleged to have engaged in a significant incident of fraud or corruption. Company
More informationDue Diligence And Oversight of Vendors in the Current Regulatory Environment: What Nonprofits Need to Know November 28, 2017
Due Diligence And Oversight of Vendors in the Current Regulatory Environment: What Nonprofits Need to Know November 28, 2017 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of
More informationEffective implementation of COSO s new anti-fraud guidance
Effective implementation of COSO s new anti-fraud guidance In September 2016, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) published a new Fraud Risk Management Guide (Anti-fraud
More informationLink download full: Solution Manual for Accounting Information Systems 10th Edition by Bodnar http://testbankcollection.com/download/solution-manual-for-accountinginformation-systems-10th-edition-by-bodnar
More informationWire Transfer Audit. Craig Hametner, CPA, CIA, CMA, CFE City Auditor. Prepared By: Jed Johnson Senior Audit Analyst. Michelle Taylor Audit Analyst
Wire Transfer Audit Craig Hametner, CPA, CIA, CMA, CFE City Auditor Prepared By: Jed Johnson Senior Audit Analyst Michelle Taylor Audit Analyst INTERNAL AUDIT DEPARTMENT March 1, 2010 Report 0902 Table
More informationDepartment of Biology
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES Department of Biology Report No. 14-10 OFFICE OF INTERNAL AUDITS THE UNIVERSITY OF TEXAS - PAN AMERICAN 1201 West University
More informationFinancial Statement Close Process
Financial Statement Close Process Process Control Objective Risk Control Considerations Segregation of Duties Accounting functions are properly segregated. Unauthorized and inaccurate transactions may
More informationORACLE ADVANCED FINANCIAL CONTROLS CLOUD SERVICE
ORACLE ADVANCED FINANCIAL CONTROLS CLOUD SERVICE Advanced Financial Controls (AFC) Cloud Service enables continuous monitoring of all expense and payables transactions in Oracle ERP Cloud, for potential
More informationSOX106. Accounts Payable and Sarbanes-Oxley; Strengthening your Internal Controls- 10 hours. Objectives
SOX106 Accounts Payable and Sarbanes-Oxley; Strengthening your Internal Controls- 10 hours Objectives This course describes how Sarbanes Oxley requirements should be implemented as they pertain to accounts
More informationIn Control: Getting Familiar with the New COSO Guidelines. CSMFO Monterey, California February 18, 2015
In Control: Getting Familiar with the New COSO Guidelines CSMFO Monterey, California February 18, 2015 1 Background on COSO Part 1 2 Development of a comprehensive framework of internal control Internal
More informationAVIDXCHANGE TM USERS CONFERENCE
AVIDXCHANGE TM USERS CONFERENCE Meet Your Speakers Eric Choltus Director, Product Management, AvidPay AvidXchange Katie Milligan Senior Operations Manager, AvidPay Services AvidXchange 2 AVIDXCHANGE USERS
More informationMISSISSIPPI STATE UNIVERSITY INTERNAL AUDIT CHARTER
MISSISSIPPI STATE UNIVERSITY INTERNAL AUDIT CHARTER I. The Charter The Office of Internal Audit was established by the President of Mississippi State University to assist the University in meeting its
More informationInternal Audit Technician Training program Modules & Outcomes
Internal Audit Technician Training program Modules & Outcomes Training modules supplementary to the Workplace Structured Training Training Module 1: Introduction Building the foundations Content Day 1
More informationIBM TRIRIGA Version 10 Release 5.2. Workplace Performance Management User Guide IBM
IBM TRIRIGA Version 10 Release 5.2 Workplace Performance Management User Guide IBM Note Before using this information and the product it supports, read the information in Notices on page 223. This edition
More informationIBM TRIRIGA Version 10 Release 4.2. Workplace Performance Management User Guide IBM
IBM TRIRIGA Version 10 Release 4.2 Workplace Performance Management User Guide IBM Note Before using this information and the product it supports, read the information in Notices on page 223. This edition
More informationFire Department Inventory Management Audit
Fire Department Inventory Management Audit With over $3 million spent annually on inventory, the Fire Department needs stronger inventory management practices and controls Independence you can rely on
More informationAvoiding Missteps When Fraud is Suspected
Avoiding Missteps When Fraud is Suspected By Duncan B. Will, CPA/ABV/CFF, CFE Fraud can have a devastating impact on CPAs clients and on CPAs as well if they aren t careful in defining the scope of their
More informationFinancial Transactions and Fraud Schemes
Financial Transactions and Fraud Schemes Asset Misappropriation: Cash Receipts 2016 Association of Certified Fraud Examiners, Inc. Fraud Tree 2016 Association of Certified Fraud Examiners, Inc. 2 of 27
More information3 rd Annual Professional Development Conference Development District Association of Appalachia John G. Hulsey, CGFM
3 rd Annual Professional Development Conference Development District Association of Appalachia John G. Hulsey, CGFM Examine the true nature of accounts payable Determine how the accounts payable process
More informationPolicy and Procedures Date: November 5, 2017
Virginia Polytechnic Institute and State University No. 3350 Rev.: 8 Policy and Procedures Date: November 5, 2017 Subject: Charter for the Office of Audit, Risk, and Compliance 1. Purpose... 1 2. Policy...
More information