At the Best Western Gateway Grand Hotel and Conference Center
LIGHT BREAKFAST, LUNCH, SNACKS, AND REFRESHMENTS WILL BE PROVIDED
CPE Topics:
Fraud (7 CPE), Ethics (5 CPE)
Fiscal Responsibility & Support: Its Importance, the Investigation of Bad Acts, and the Consequences of Trust
Presented by Roger Frank
The basic cornerstone of all successful business operations is the oversight of operations by its fiscal team. That fiscal team is the gatekeeper of transactional information and financial reporting. Now, imagine if the senior leadership of an organization fails to support that fiscal team. What is the long-term effect of a lack of leadership support for your accounting team?
In this presentation, I will walk you through the organizational units of a major university and ask you to visualize the similar structure of your organization. I will then walk you through:
• The critical importance of supporting an organization’s fiscal team;
• The importance of investigating bad acts identified by that accounting team, including reviewing a model of the steps for conducting an unbiased investigation of allegations of fiscal misconduct;
• The consequences of failing to support your fiscal team and relying on trust as a control in fiscal operations – this will be done through the presentation and discussion of publicly available cases of fraudulent acts.
Learning Objective
Provide a detailed illustration of the complex organizational structure of a decentralized major university with discussion of the oversight complications that structure creates;
Discussion regarding the importance of public leadership support for fiscal operations;
Discussion of the investigation process for reviewing and addressing bad financial acts identified by an organization;
Presentation and discussion of the negative financial impacts that may be experienced through believing trust is a legitimate financial control.
Leadership Ethics: What it is and Why it Matters
Presented by Special Agent Thomas Ackerman
This course will include a case study to show the potential impact of unethical behavior and how ethics affects decision-making. The session will also cover sources of guidance on ethics and twelve things leaders can do to promote leadership ethics.
Learning Objective
Describe the importance of ethics in personal and professional interactions and situations
Explain how flawed reasoning and ethical lapses affect decision-making and other behaviors
Identify examples of rounded corners and how this behavior can have an impact on the culture of an organization
Explain why leaders must set expectations and take action when ethical lapses occur
Behavioral Ethic–A Life Cycle Approach
Presented by Victor E. Hartman
The course leader is a former FBI Agent, Attorney, Certified Public Accountant, and Certified Fraud Examiner. During his career he witnessed, prosecuted and debriefed hundreds of felons and those working in felons’ orbits. During this presentation the ethical and behavioral aspects of these individuals are explored. Their motivations are often more complex than just greed. Once the various motivations are understood, internal auditors can then make informed judgements and decisions when trying to establish programs to prevent, detect, investigate, and litigate fraud.
Learning Objectives
To explore the various behavioral and ethical aspects around fraud.
To learn about the field behavioral forensics.
To understand the behavioral aspects of corruption.
To gain insights for developing fraud prevention and detection strategies.
To understand the behavioral aspects of whistleblowing.
Case Study of Sam Bankman-Fried & FTX
Presented by Victor E. Hartman
The course provides a deep dive into all aspects of the FTX collapse. The course first explores the crypto industry. The cast of characters and the various legal entities involved are all detailed. Next, the course explains all of the various frauds that occurred and the fascinating motivations of those involved. The root causes of the collapse are explained in detail including the actions of the bad actors, the celebrity promoters, and the external auditors. The course discusses lessons learned to assist those in charge of governance, regulators, and law enforcement. Finally, the collateral legal aspects are explored including various class action lawsuits, bankruptcy, and the victim’s attempts to recover more than $8 billion in losses.
Learning Objective
To explain the FTX debacle.
To list and describe the various frauds that occurred.
To explore the cryptocurrency markets.
To understand the motivation of Sam Bankman-Fried.
To describe how the FTX collapse could result in an $8+ billion loss.
To explain the various legal actions involved.
Prosecution of Todd & Julie Chrisley–A Forensic Case Study
Presented by Victor E. Hartman
This session uses the federal prosecution of celebrities Todd & Julie Chrisley (reality television stars on Chrisley Knows Best) to provide instruction on forensic investigations. The instructor his expertise to provide invaluable observations to forensic practitioners. Participants will gain amazing insights into the various facets of this complex and illicit fact pattern of two celebrities and their complicit accountant. The case has abundant examples of wire, bank, and tax fraud and the various conspiracies of the defendants. The case showcases how the FBI and federal prosecutors obtained convictions.
Learning Objective
To demonstrate the handling of a celebrity prosecution
To explore issues involved in criminal prosecution
To understand the mindset of whistleblowers
To show the connectivity of wire, bank, tax and fraud, and the related conspiracy theory of liability
To explore how forensic professionals should approach high-profile cases
Generative Artificial Intelligence through the Lens of an Internal Auditor
Presented by Victor E. Hartman
This course focuses on how GenAI can be used to commit a variety of frauds. GenAI is first defined in a very practical way. The fraud threat picture is described in depth. Prevention and detection strategies using GenAI is explored. Best practices for GenAI corporate governance are described as well as a description of the laws and regulations that various countries are implementing.
Learning Objective
To define GenAI.
To explore the fraud threat picture involving GenAI.
To understand how GenAI can be used to prevent fraud.
To gain a working knowledge of how GenAI can be implemented in an organization.
To explore various GenAI corporate governance principles.
