2016 - Seminar on Fraud & the Modern World at SFO

Overview:
According to the Association of Certified Fraud Examiners annual report, nearly half of all small businesses experience fraud at some point in their business lifecycle. Worse, some fraud is committed by a "loyal" employee.
In this course we will define what is fraud, how to identify fraud schemes, typical frauds, contract fraud, e-commerce fraud, false invoicing plus review actual fraud cases and learn fraud indicators.
Below are examples of four different kinds of fraud we will discuss.
1. Payroll fraud.
The best way to prevent payroll fraud is to reconcile all balance sheet accounts and payroll records monthly or, at the very least, quarterly. Look for any discrepancies and investigate them until you have a clear answer.
2. "Double check" fraud.
It is very hard for business owners to catch this type of activity. As a business owner, it is difficult to find good accounting help, but it is important to have more than just one person signing checks and reconciling the bank account.
3. Over-ordering fraud.
The easiest way for this business to have avoided this type of fraud is to do the right thing from the start. Good employees pay for themselves on average tenfold, and bad employees can ruin companies.
4. "Friendship" fraud.
Never hire anyone solely based upon friendship, family, obligation, or feelings of sympathy. Build a culture of accountability, measure results, and make sure everyone knows that you are looking at their performance. Then, hire based on talent, and pay for that talent to perform at a high level of accountability and integrity.
In this information rich seminar we will discuss integrity, ethics, code of conduct, principles of professional practice. Standard of professional conduct internal controls, how to establish internal controls and the government contracting process. Others areas including but not limited to; Contract fraud, Common fraud schemes, health care fraud, governmental fraud, employment fraud, operational fraud plus action required, criminal and civil penalties.
We will have group fraud cases assigned for presentation by the group including what should have been done to avoid the fraud.
Why should you attend?
Fraud refers to illegal acts that intentionally divest the funds of a company through deception or scams. Industry professionals estimate that businesses lose approximately 5% to 6% of their revenues due to fraudulent transactions each year. The average fraud takes approximately 18 months to discover!
If unchecked or not discovered these losses tend to quickly escalate, decreasing profitability, eroding shareholder confidence, causing brand damage, bringing negative press, and increasing regulatory scrutiny (often leading to fines, sanctions and penalties).
This information rich seminar teaches participants techniques and approaches to address business fraud. This webinar will enhance your knowledge of your job by helping you understand the elements / types of fraud. Fraud prevention controls are a key part of any organization's continued growth, performance and success.
With fraud at an all-time high, a well-designed internal control structure will enhances operations by improving your department's over security, effective and effectiveness. As all business managers, officers, owners and employees know without an effective system, the organization may be open to fraudulent transactions, theft, hefty fines, penalties, fines stricter government laws and rules.
US companies alone, lose approximately 6% to 8% of their Gross Revenue to fraudulent transactions each year.
Last year’s Fraudulent Transactions percentages:
? 28.7% Billing Schemes
? 33.0% Corruption Schemes
? 22.1% Check Schemes
? 8% Non-Cash Schemes
? 7% Skimming
? 1.2% Other Schemes
This world of globalization is requiring businesses to become more competitive. Fewer resources wasted, resources mobilized, setting directions and taking action.
Areas Covered in the Session:
? Introduction
? Opening Questions and Answer Session (Q & A)
? Overview of course (Fraud Statistics & Fraud Costs)
? What is Fraud? Definition
? How to identify fraud schemes and fraud indicators
? Internal Controls (How to establish IC's) 17 principles
? Processes of formulation and implementation
? How to develop steps for internal controls
? How to develop tools for internal controls
? How to benefit from these tools.
? Indicators of Procurement Fraud
? The Government Contracting Process
? Government procurement regulations and procedures
? Government contracting practices and procedures
? Understanding small and minority business programs
? Governmental Internal Controls
? The Importance of Contractor Integrity to the Contracting Process
? Ethical principles/ Code of Ethics/ Standards
? Principles of Professional Practice/ Code of Conduct
? Standards of Professional service
? Business Ethics, Ethical Dilemmas
? Employee training
? Contract Ethics, Supplier Ethics, Employee Ethics (Control Environment)
? Learn Best Practi0063es;
? How to evaluate your systems strengths and weaknesses
? Characteristics of successful Internal Control System
? How to outline a internal control plan, processes, objectives, components and requirement for effective controls
? Typical Frauds Relating to Contracting
? Contract Fraud Defined (Actual Classroom Examples)
? Actual Contract Cases Reviewed and Discussed In Class
? Major Contract Fraud Schemes
? E-Commerce fraud/ Internet Fraud
? False statements, false claims, product substitutions
? Accounting Fraud, Operational Fraud
? Fraud Schemes Related to Special Contracts
? Common Fraud schemes related to contracts
? Traditional Fraud Schemes: Employment Fraud
? Health Care & Health Insurance fraud
? Remedies for Contract Fraud
? Action/ Penalties, Criminal, Civil, Administrative and Contractual Action in response to fraud
Who will benefit:
? Business Professional
? Business Owner
? Managers, Supervisors
? Procurement Departments
? Accounting Managers
? Accounting Personnel
? Compliance Managers
? Controllers
? Presidents / Vice Presidents
? Marketing Personnel
? Retail Businesses Owners.
? Business Vendors
? Anyone who wishes to increase or refresh their knowledge of these areas
Agenda:
Lecture 1:
Introduction
? Opening Questions and Answer Session(Q & A)
? Overview of course(Fraud Statistics & Fraud Costs)
? Purpose of course What is Fraud? Definition
? How to identify fraud schemes and fraud indicators
? Indicators of Procurement Fraud, Using Internal Controls
Lecture 2:
? The Government Contracting Process
? Government procurement regulations and procedures
? Government contracting practices and procedures
? Understanding small and minority business programs
Lecture 3:
? The Importance of Contractor Integrity to the Contracting Process
? Ethical principles/Code of Ethics/Standards
? Principles of Professional Practice/Code of Conduct
? Standards of Professional service
? Business Ethics
Lecture 4:
? Ethical Dilemmas
? Importance of Internal Controls
? Employee training Contract Ethics, Supplier Ethics, Employee Ethics
*Group Fraud Cases Assigned for Presentation by Group:
(Groups will be assigned Fraud Cases, which they will have to review, present the type of fraud, how it was committed, costs and remedy, including internal control weakness:)
Day 2:
Lecture 1:
? Open Questions and Answer
? Group Fraud Cases Discussion and activity
? Typical Frauds Relating to Contracting
? Contract Fraud Defined (Actual Classroom Examples)
Lecture 2:
? Actual Contract Cases Reviewed and Discussed In Class
? Major Contract Fraud Schemes
? Actual Contract Fraud Schemes Reviewed and Discussed
? E-Commerce fraud/Internet Fraud
? False statements, false claims, product substitutions
? Accounting Fraud
Lecture 3:
? Fraud Schemes Related to Special Contracts
? Common Fraud schemes related to contracts
? Traditional Fraud Schemes:
? Health Care & Health Insurance fraud
Lecture 4:
? Operational Fraud
? Contract, Employment Fraud
? Module 8: Remedies for Contract Fraud
? Action/Penalties, Criminal, Civil, Administrative and Contractual
? Action in response to fraud
*Group Discussions Presentation Begin Reviews and Individual assignments
Speaker:
David Sanders
Owner and President, Sanders and Sullivan Consulting
David is considered one of the worlds leading experts in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales & use taxes. internal controls, inventory management, cycle counting, record keeping and vendor, supplier management. He has continuous requests to train employees and to hold public seminars. He has conducted approximately 10,000 training sessions, including public seminars, on-sites, company training, chamber of commerce's, colleges, videos, CD's and webinars worldwide.
David is called upon nationally and internationally for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing.
The author of four acclaimed books and over 25 seminar workbooks and numerous webinars,
David has a talent for breaking things down into easy to understand steps that can be implemented immediately. David was an Endorsed Local Provider for the Dave Ramsey Show covering the greater Cincinnati and Northern KY area.
David has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years experience in the financial industry. He holds numerous degrees including Accounting, Business Administration and Finance. His experience has included Accounting Manager, Corporate Controller, CFO, Government Tax Auditor, Business Consultant, and senior partner for various Accounting/ Tax/ Auditing firms nationally.
Location: SFO, CA Date: August 18th & 19th, 2016 Time: 9:00 AM to 6:00 PM
Venue: WILL BE ANNOUNCED SOON
Price: $895.00 (Seminar fee for One Delegate)
Register now and save $200.
Until July 10, Early Bird Price: $895.00 from July 11 to August 16, Regular Price: $1,095.00
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