ACFE Washington Metro Chapter & IIA DC Chapter Joint event
April 2023 CPE Session (2 NASBA CPEs); April 27, 2023 (Thursday; 3:00 PM to 5:00 PM EDT)
Agenda:
3:00 – 4:00 PM - Session 1: Discount Fraud: The dark side of the gray market
4:00 – 5:00 PM - Session 2: Key Controls and Processes, and Preventing and Detecting Fraud
Discount Fraud: The dark side of the gray market
Presenter: Daniel Mascaro (Sideman & Bancroft)
Sales of “gray market” products generally are viewed as legal, but diversion of deeply discounted products from authorized distribution networks is often based upon fraud. In this presentation, Daniel Mascaro will elaborate on schemes to illicitly obtain millions of dollars of discounts through this pervasive but relatively unknown type of fraud. Daniel will also offer ways to ward off fraudsters’ efforts.
Learning objectives:
- Learn how fraud is often the means of diverting product into the gray market
- Learn how customers might be taking advantage of your marketing plans.
- Understand how to have controls to ward off opportunistic players to control the gray market.
Key Controls and Processes, and Preventing and Detecting Fraud
Presenter: Mac Lillard and Kristen Ocampo, GRF CPAs & Advisors
Organizations have to be proactive in not only implementing but monitoring and improving fraud prevention/detection controls in order to stay ahead of perpetrators. Learn about common fraud schemes, ways to protect your organization, and emerging technologies.
Join our team as we discuss the key controls and processes organizations should consider to adequately prevent/detect fraudulent activity, specifically as it relates to cash disbursement, credit card and expense reimbursement schemes. We will go into detail on how internal audit not only assists in detecting/deterring fraudulent activity, but how it serves as a mechanism for risk management and continuous process improvement.
Learning Objectives
- Understand common methods perpetrators use to commit fraud
- Internal Audit procedures for high-risk processes (i.e., cash disbursement, credit card and expense reimbursement)
- Use of data analytics in Internal Audit and fraud detection
Location: Zoom address to be provided after registration.
Field of Study: Specialized Knowledge (Fraud-Related)
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Cancelation Policy:
Full refunds are available anytime when requested prior to 3 days of the event. No refunds will be made for “No Shows” (a “No Show” is a person who registers for a program but who does not cancel registration or attend the program). A registered person may elect to transfer the registration to another person at any time. Cancellations can be made only by email at chapter@acfedc.org. Payments can be electronically made any time prior to the event start. Unfortunately, we are unable to accommodate "pay at the door" or payment by checks or cash.
The Association of Certified Fraud Examiners (ACFE) is the world's largest anti-fraud organization with nearly 85,000 members with the mission of reducing incidence of fraud and white-collar crime. The ACFE Washington Metropolitan Chapter aims to promote fraud detection and deterrence through educational training programs in the National Capital Region.
For additional information regarding Association of Certified Fraud Examiners (ACFE), please visit http://www.acfe.com.