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Internal and External Fraud: Understanding It and Working to Control It


Total Credits: 8 including 8 Accounting - Technical

Average Rating:
   16
Categories:
Partner Produced |  Accounting and Auditing
Faculty:
Karl W. Egnatoff, CPA, CITP
Course Levels:
Intermediate
Duration:
8 Hours
License:

Dates


Description

All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts. Fraud activities can be executed from within an organization, by parties outside an entity, or by both. One of the primary ways to thwart fraud is to understand how and why it occurs. In this session, we delve into the reasons that both internal and external intentional defalcations take place. The material discusses how difficult it can be to see some of the motives driving those that undertake fraud. We then discuss measures that organizations can implement to help stop fraud activities and add security to the entire enterprise.

Basic Course Information

Learning Objectives
  • Recall reasons that employees and others that are internal to an organization choose to undertake fraudulent acts
  • Indicate the factors that make an organization attractive to those considering an external fraud attempt
  • Identify the types of control measures that work best as entities strive to mitigate fraud risk
  • Recognize specific internal control measures that can help to reduce fraud activities, and
  • Indicate how anti-fraud measures add security to all segments and aspects of a business organization

Major Subjects
  • Understanding why internal fraud occurs
  • Fraudulent acts initiated by outside organizations
  • Policies, procedures, and control measures designed to fight fraud
  • Steps that verify anti-fraud activities are working

Course Materials

Faculty

Karl W. Egnatoff, CPA, CITP Related Seminars and Products


Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina.  He has worked as an information technology services provider, a trainer and a programmer related to financial and business technology projects since 1995.  Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years.  He has been teaching group live and web-based continuing education since 2006.  In addition to being a CPA, he is also a Certified Information Technology Professional (CITP).

 

Karl is a member of the West Virginia Society of Certified Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants.  He has also achieved a number of technology certification including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID).  During the course of his career, Mr. Egnatoff has owned and operated a number of small businesses. 

 

Karl graduated from Marshall University with a Bachelor of Business Administration degree.  During his time in college he participated in division I Cross Country competing on the varsity squad.  He was also on the Marshall’s Track team.  Karl and his wife Lana live in Myrtle Beach, south Carolina and have been married since 1990.  They have two grown sons, Jordan and Steven.


Additional Info

Basic Course Information

Prerequisites

A basic understanding of Internal Control concepts


Advanced Preparation None
Designed For

Accounting and other business professionals that work to create technological internal controls


Original Recording Date 06/2024
Yellow Book No
Course Developer

MICPA


Date Added to Catalog 4/16/2024

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

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Overall:      4.7

Total Reviews: 16

Comments

Adam K

"Thank you!"