CPE Catalog & Events

Common embezzlement schemes Common financial statement fraud schemes Commonly missed red flags

The price of fraud – ACFE’s Report to the Nations and ancillary costs The current economy – microeconomics and analysis COSO internal control framework, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments) Power of morale – shrinking the fraud triangle and employee motivation Why good folks go bad – interesting findings and red flags

The price of fraud – ACFE’s Report to the Nations and ancillary costs The current economy – microeconomics and analysis COSO internal control framework, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments) Power of morale – shrinking the fraud triangle and employee motivation Why good folks go bad – interesting findings and red flags

Recent fraud cases Common fraud schemes perpetrated by those within and outside victim organizations Consider the lessons learned Best practices to further our fraud prevention

Recent fraud cases Common fraud schemes perpetrated by those within and outside victim organizations Consider the lessons learned Best practices to further our fraud prevention

Statistics compiled by the ACFE related to fraud Professional responsibilities to identity, respond to and report fraudulent activity The current fraud landscape, including who commits fraud, how and why they commit it and how they are detected

•     Explain the expectation gap with financial statement users regarding the auditor’s responsibilities for preventing and detecting fraud •     Fraud inquiries and engagement team discussion points •     Identifying and responding to fraud risk on an audit •     Testing journal entries and other tests for management override •     Fraud communications

Common characteristics of fraud perpetrators Frauds involving supplies, credit card programs, and overtime Key controls to detect and prevent fraud

Gaining an understanding of the evolution of internal controls Components of the COSO Internal Control – Integrated Framework Approaches for documenting and evaluating the design and implementation of internal control over financial reporting Critical elements of entity-level and transactional-level controls covering all assertions Internal controls that are responsive to the risk of fraud Case studies related to identifying deficiencies in internal control documentation

Organization and structure of Form 990 Form 990  and its various schedules Form 990 filing requirements The public support tests Taxation of unrelated business income Compensation-related reporting issues 

An overview of key accounting and reporting topics within U.S. GAAP A discussion of accounting for business combinations, revenue recognition principles, and leasing transfers Goodwill impairment, segment reporting, and how to account for software Requirements related to accounting changes and error corrections

Latest state of the economy Expense control that works Understanding our changing workforce and working environment Financial risk analysis Enterprise risk management Improving bank relationships

Who is a tax practitioner? What responsibilities does the Office of Professional Responsibility regulate? What limitations does the IRS place on fee arrangements? What duties does the practitioner have with respect to client records? What limitations apply with respect to a written tax opinion? What sanctions may be applied for violations of Service imposed standards of conduct?

Ethics and ethical behavior The core principles of professional conduct -- integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it

Ethics and ethical behavior The core principles of professional conduct -- integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it

Ethics and ethical behavior The core principles of professional conduct – integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it

Ethics and ethical behavior The core principles of professional conduct – integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it

Ethics and ethical behavior The core principles of professional conduct – integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it

Ethics and ethical behavior The core principles of professional conduct – integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it

The core principles of professional conduct -- integrity, objectivity, and independence The AICPA Code of Professional Conduct, including recent changes to it