On behalf of the IIA Charlotte Chapter, we would like to cordially invite you to join Mecklenburg County’s Director of Internal Audit, Terry Thompson, for a CAE Roundtable discussion on “Fraud”
When: Friday, March 14th, 2025, from 12:00 pm to 2:00 pm (Registration from 12:00-12:15pm, lunch and round table from 12:30-2:00pm)
Where: Napa on Providence- 110 Perrin Pl, Charlotte NC, 28207
Moderators: Terry Thompson, Director of Internal Audit – Mecklenburg County
Who: This event is being offered to all Chief Audit Executives.
Topic Details:
The Association of Certified Fraud Examiners released its “Occupational Fraud 2024: A Report to the Nations” report reflecting the costs and effects of occupational fraud. The current report indicates that:
Fraud has resulted in a total of $3.1 billion in total losses across 138 countries and territories
The average loss per case was $1,662,000.
The median loss per fraud case increased by 24% since the last report was released in 2022 (marking the first rise in median losses since 2016).
Fifty three percent of cases had at least one pandemic related factor that contributed to the fraud’s occurrence.
Internal Audit Departments must have the knowledge and expertise to assist their organizations with preventing and detecting fraud to minimize financial losses and damage to the organization’s reputation.
Learning Objectives:
Identifying primary types of fraud
Identifying the primary methods for concealing fraud
Identifying best practices for preventing and detecting fraud
Executing effective fraud investigations and reporting results
Participants will be requested to share best practices for preventing and detecting fraud
