2019 ACFE-DC Chapter Training Information Email/Session Description
Please join the Washington DC Chapter of the Association of Certified Fraud Examiners for a full day training session.
Date: Thursday, September 12, 2019
Time: 8:00 AM – 4:30 PM (Training starts promptly at 8:30), breakfast and lunch will be served
Location: KPMG, 1801 K St NW, Washington, DC 20036 (training rooms 1006, 1007, 1008)
Fees: $120 Members (and member guests), $145 Non-members
DESCRIPTION
All organizations are subject to fraud risk. Association of Certified Fraud Examiners (ACFE) studies show that an average of 5% of revenue is lost to internal fraud schemes. No two organizations are the same and specific fraud risks and exposures are unique to each organization. To know the fraud risks your organization may susceptible to, a Fraud Risk Assessment must be conducted. Understanding how to properly identify and assess fraud risk helps an organization develop and implement an effective fraud program that reduces the potential financial, reputational, and organizational risks associated with fraud.
This course will help individuals learn the skills necessary to drive, implement, and execute an effective Fraud Risk Assessment as part of an overall Fraud Risk Program using lecture, case studies, best practices, and exercises.
LEARNING OBJECTIVES
- Learn how to conduct a Fraud Risk Assessment
- Learn to identify and assess risks
- Identify best practices in Fraud Risk Assessment
- Learning to utilize appropriate frameworks for assessing fraud risks
- Use of commonly used framework, scorecards, and reporting templates
COURSE OUTLINE
Principles for Managing Fraud Risk in an Organization
- Governance
- Fraud Risk Assessment
- Prevention | Detection | Reporting
Fraud Risk Assessment Basics
- Why conduct a Fraud Risk Assessment?
- Fraud Risk as part of an overall Enterprise Risk Management (ERM) program
- Potential obstacles and pitfalls for Fraud Risk Assessments
- Best practices in Fraud Risk Assessment
- Internal Audit’s role
Conducting a Fraud Risk Assessment
- Approaches
- Frameworks—documenting, categorizing, and weighing risks
- Identifying and assessing risks
- Using Fraud Risk/Detection scorecards
Other Risks
- Reputational risk | Regulatory risk | Legal misconduct
Prevention Programs
- Control activities
- Human Resources
- Anti-fraud training
- Assessing Fraud Prevention programs
Detection Programs
- Detective controls
- Continuous auditing and monitoring
- Hotlines
- Fraud investigations
Examples of Templates and Documentation
Who Should Attend?
- Certified Fraud Examiners and other anti-fraud specialists
- Special investigation unit personnel
- Forensic Accountants, auditors and analysts
- Internal and independent auditors
- Criminal investigators from the local, state and federal agencies
- Lawyers, prosecutors and other professionals
Session Details
Fees: $120 Members (and member guests), $145 Non-members
Field of Study: Specialized Knowledge [Fraud-Related]
CPE Credits: 8 Specialized Knowledge
Delivery Method: Group Live
Pre-Requisites: None
Advanced Preparation: No advanced preparation is needed for this course
Cancellation Policy: If this course must be cancelled, all registrants will receive an email indicating the course was cancelled and providing a rescheduled training date.
Complaint Resolution Policy: All participants are encouraged to submit an evaluation of the course to receive CPE credit. Any course issues should be address in the evaluation and/or directed to the DC-ACFE prior to the end of the course.
Contact Information: Contact the chapter at Speaker.Request@acfedc.org
Materials Needed: None. Course materials will be provided prior to the course date, if applicable.
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The Washington D.C. Chapter of the Association of Certified Fraud Examiners is registered with the National Association of State Boards of Accountancy (NASBA #129235) 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 web site: www.learningmarket.org}
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