Fraud perpetrated by insiders far outstrips fraud by external criminals. And embezzlement ranks at the top of the long list of internal frauds. Even more worrisome, according to the Association of Certified Fraud Examiners, embezzlement is the fastest growing internal fraud.
Whether it’s theft of $100 by colluding with a dishonest vendor or misappropriation of $1 million through a complex billing scheme, embezzlement damages not only the organization’s finances, but its reputation and even its long-term survival.
The Challenge: While there are many ways to detect, prevent and investigate embezzlement, it is not always easy to organize a consistently effective anti-embezzlement strategy.
This seminar will guide attendees through the common and not-so-common forms of embezzlement—with uniquely instructional case studies. It will emphasize the red flags of each and go on to highlight best practices in embezzlement-risk mitigation.
The course will enable participants to understand the step-by-step process of identifying embezzlement risks, detecting fraud indicators, gathering evidence to substantiate suspicions of actual embezzlement and eliminating control weaknesses that allow these crimes to flourish.
- Understand the common and less-common types of embezzlement—at both the employee and management levels
- Identify specific embezzlement scenarios and schemes threatening the organization
- Identify and audit for red flags of the main types of embezzlement
- Pinpoint specific control deficiencies and eliminate them
- Recommend better anti-embezzlement management structure (board of directors/executive management, line management, compliance, general counsel, etc.)
Who will Benefit:
- Internal and external audit professionals
- Senior audit and accounting managers
- Fraud examiners
- Senior financial management seeking to reduce their vulnerability to costly frauds
- Compliance and ethics managers
- CFOs/senior financial managers
- Security personnel
- Loss prevention managers