Detecting and Preventing Embezzlement in Your Organization

Why Should You Attend:

This course will highlight several types of embezzlement, how it can be committed and by whom. It will enable participants to identify:

• The step-by-step process for identifying embezzlement risks
• Fraud indicators
• Evidence to substantiate suspicions of actual embezzlement
• Methods to eliminate control weaknesses that allow these crimes to flourish

The course will also instruct attendees on recommending a better anti-embezzlement management structure to prevent embezzlement and implement strong internal controls.

Areas Covered in the Webinar:

• 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 the 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.)
• How to prevent embezzlement and implement strong internal controls
• Investigate transactions to indicate fraud or opportunities for fraud to be perpetrated
• Recent examples of embezzlement

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

Peter Goldmann
President, White-Collar Crime 101 LLC

Peter Goldmann has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a certified fraud examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association, and the IOFM Controller Certification Advisory Board. He is a regular columnist for the ACFE’s newsletter and The Fraud Examiner, and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News and The Wall Street Journal This Morning, and has contributed to the The New York Times and Internal Auditor magazine.

Mr. Goldmann is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. He is the author of Fraud in the Markets: Why it Happens and How to Fight It, as well as four other anti-fraud books. Mr. Goldmann also developed FraudAware, a leading fraud awareness training program.

Topic Background:

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.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.

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