Course Information
Commonly Overlooked Issues in Fraud Prevention and Detection
Course Description
There are more fraud professionals today than ever before, yet fraud and corruption continue to persist. Understanding fraud schemes, the fraud triangle fraudster characteristics and red flags is crucial, but there are still things that are frequently overlooked by the good guys because they aren’t always thinking like a bad guy.
This course will take a look at several issues in organizations that were overlooked and ultimately led to significant fraud. Case studies will be used to examine the various situations, conditions and attitudes they created the opportunity, sometimes the pressure and occasionally even the rationalization for these fraud cases.
The course will be a combination of lecture, exercise and an examination of both well known fraud cases and the instructor’s personal fraud cases.
Course Objectives
Upon completion of this course, participants will be able to:
• Fraud Basics
• How Biases, Assumption and Blindness Lead to Fraud
• The Problem with Fraud Awareness and Training
• Things that Drive Behavior – Good and Bad
• Understanding the Potential Reputational and Financial Damage from Fraud
Detailed Course Outline:
The Problem with Fraud Awareness and Training
• Defining Fraud
• Common sense ? Fraud Awareness
• Case Studies
How Biases, Assumption and Blindness Lead to Fraud
• Question Success – Bernie | Lehman
• Internal Social Engineering
• System Design and the Abuse of Technology – Marriott
• HR Policies – Turnover / Exit Interviews
• Case Studies
Things that Drive Behavior – Good and Bad
• Incentive Programs and Metrics
• Language & Context
• Over Restrictive Controls
• Case Studies
Understanding the Potential Reputational and Financial Damage from Fraud
• Evaluating
• Perspective and Emotion
• Case Studies
Prerequisites
Audit professionals with at least two years experience.
Instructors
Mary Breslin is the Founder of Verracy Training & Consulting and specializes in Internal Audit transformations, Operational and Financial Auditing, Fraud Auditing & Investigations, and Corporate Accounting.
Ms. Breslin’s career spans over 20 years in Internal Auditing, Management and Accounting for companies such as ConocoPhillips, Barclays Capital, Costco Wholesale, Jefferson Wells and Boart Longyear. With significant International experience, she has managed audit programs in more than 50 countries. Most recently, Ms. Breslin held the title of Vice President and Chief Audit Executive where she transformed a checklist audit function into a value-add audit department which regularly delivered measurable business results through the use of risk-based auditing, data analytics, continuous education and skill development for her leadership team and staff.
Mary was an early adopter of analytics for audit and has been utilizing data analytics in her career in both audit and fraud work for over 15 years. She has transformed the capabilities of audit functions using data analytics programs using ACL, IDEA and Arbutus Analyzer. Through her expertise and guidance, she has helped large global organizations leverage analytics to significantly increase coverage, automate continuous auditing and monitoring, and actively fight fraud.
Additionally, Ms. Breslin has extensive Fraud Audit and Investigation experience and has conducted major fraud investigations on multiple continents including large scale federal cases domestically. She has developed and implemented fraud auditing programs in various industries focused on both accounting and operations.
Ms. Breslin attended Rutgers University and received her BS in accounting, and an MBA from the University of Phoenix while living and working overseas. She is a Certified Internal Auditor (CIA), and Certified Fraud Examiner (CFE). She maintains memberships in the Institute of Internal Auditors (IIA), American Institute of Certified Public Accountants (AICPA), ISACA, the Society of Corporate Compliance (SCCE), and the Association of Certified Fraud Examiners (ACFE) and is currently an instructor and conference speaker for the IIA, The ACFE and ISACA.
Additional Information
TAC Rule 523.142(j) 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. To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html. |