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Red Flags, Symptoms & Indicators of Fraud - and What To To About Them

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Date(s): Mar 08, 2021 - Mar 09, 2021
Time: 8:00AM - 12:00PM
Registration Fee: $249.00
Cancellation Date: Mar 01, 2021
Location: Online

Course Description

Fraud leaves clues in transaction records and fraudster behaviors – regardless of what they are called. This program will focused 100% on finding the red flags, symptoms & other indicators of fraud in records and behavior auditors and managers see every day. Together we’ll build and share lists of red flags in our work, and we’ll look at the power of business Root Cause Analysis as the foundation for jumping from what looks strange, odd or curious over to ‘why’ these flags are present.

 


Potential CPE Credits: 8.0
Govt Hours: This class meets 8.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 8.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: BEGINNING
Category: 02 Auditing

Course Objectives

Upon completion of this course, participants will be better able to:

·         Identify red flags that match with fraud exposures and risks

·         Build audit and control steps to surface red flags of fraud and other problems

·         Detect fraud and misconduct via effective root cause analysis applied to red flags

 

In this “how-to” course for government management and audit professionals, participants will build and react to red flags in:

·         Cash misappropriation

·         Diversion of cash receipts

·         Travel and entertainment reimbursement

·         Misuse of purchasing cards

·         Inventory theft and manipulated inventory valuation

·         Diversion of long-lived assets and scrap

·         Cooking the financial books and earnings management schemes

·         Manipulating non-financial and program results

·         Purchasing, accounts payable and vendor schemes

·         Contractor overcharges and other gaming behavior


Prerequisites

None. A working knowledge of auditing, accounting, risk management, and/or internal controls is helpful but not required.

Government Hours: 4.23(u)


Instructors

John Hall

John J. Hall, CPA is the founder and President of Hall Consulting, Inc. and the author of The Anti-Fraud Toolkit and the award-winning book “Do What You Can! Simple Steps – Extraordinary Results”

 

John specializes in skills training programs and conference presentations for CPAs, management groups, government and internal auditors, and professional associations. He also coaches business and audit professionals in how to increase their effectiveness, clarify and meet their business and personal goals, and move their careers forward.

 

Mr. Hall has 40 years of experience as a consultant, speaker, auditor and business owner. He has worked in senior leadership positions in large corporations and international public accounting firms. He is a member of the National Speakers Association, the American Institute of CPAs, and the Institute of Internal Auditors.

John is a Certified Board Advisor and Managing Director of the Center for Strategic Business Integrity (www.CenterSBI.com)

 

Meet John at www.JohnHallSpeaker.com. Email John at John@JohnHallSpeaker.com.


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.


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