Cost Management: Detecting Fraud Schemes
Brought to you by CFO Learning
Function:CFO, Controller, Internal auditor, Business owner, Business unit manager
Join Rich Lanza, noted author and president of Cash Recovery Partners LLC, as he guides you through practical and easy-to-learn methods of detecting fraud.
Using simple Excel techniques and data tables that you can easily obtain within any company (Rich will reveal how), you can become the first to detect fraud, and make "fraud fighting" a part of your everyday routine. Perhaps more important, even if fraud is not detected, these simple techniques will help to reassure management, the board, auditors and other interested parties that your organization maintains appropriate fiduciary responsibility over its corporate spend.
During this Webcast, you will learn how to:
- Recognize the way fraud permeates every department's spend and identify which fraud schemes continually put companies at risk;
- Detect phony vendor schemes by graphing vendor spend, reviewing vendor information for consistency, and matching vendor master information against external databases, such as the IRS Tax Identification Databases, U.S. governmental banned lists (including OFAC and EPLS), and the Social Security Administration's Death Master files;
- Review time reporting by employees to spot alarming trends and "ghost" workers; and
- Examine travel and entertainment spend and purchase-card spend to identify duplicate, over-limit, and other questionable trends.
Plus, Rich will present case-study examples to explain the Excel techniques that organization used to thwart corporate fraud.
This Webcast does not currently offer the opportunity to earn continuing professional education (CPE) credit. We invite you to stay tuned to CFO.com for future Webcasts that will offer attendees opportunities to earn CPE credit.
For inquiries or complaints concerning this Webcast, please call (888) 250-5719.
About the Presenter
Richard B. Lanza
, president of Cash Recovery Partners LLC, is a certified public accountant and certified fraud examiner who has authored 13 publications and training courses, as well as more than 75 articles, focused on fraud detection, cost recovery, and auditing software.
He has been awarded by the Association of Certified Fraud Examiners for Outstanding Achievement in Business due to his work on Proactively Detecting Fraud Using Computer Audit Reports
, as well as, being recognized in the AICPA's Audit Standard 99 (AU316) for his work with Management Antifraud Programs and Controls
. His most recent title from Wiley & Sons titled Cost Recovery: Turning Your Accounts Payable Department into a Profit Center
helps organizations create internal savings using simple proven techniques.
Rich's expertise is helping companies of all sizes meld cost recovery and fraud detection to identify their hidden financial assets, mostly using technology. Rich's nearly two decades of experience in audit technology and recovery auditing has made him a leader and authority in these areas. For more information on Rich, please see his web site at www.richlanza.com
About CFO Learning
CFO Learning provides targeted training and education for corporate finance executives and their teams to help these professionals stay ahead of today's evolving business environment. Our training is delivered online, in-person, and in self-study formats and our presenters are leading experts experienced in providing efficient instruction to professionals.