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Fraudschemes leonardvona

FRAUD SCHEMES IN ACCOUNTS PAYABLE

Cost $12.50
Presentation Length 1.0 hour

Recorded DateOctober 25, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelIntermediate
Course Description

In this session, we will explain the inherent fraud schemes that lurk within the accounts payable and cash disbursement functions. Most major asset misappropriation schemes occur in the expenditure cycle. Knowing the schemes and how the schemes occur will assist in building the appropriate audit response. At the conclusion of the seminar, you will have a framework to incorporate into your audit program.

Learning Objectives

  • Synopsis of inherent fraud disbursement schemes.

  • How to incorporate the inherent scheme into the planning process.

  • Shell companies from simple to advanced.

  • How to build the fraud tests for your audit program.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Leonard W. Vona is the CEO of Fraud Auditing, Inc. He is a forensic accountant with more than 38 years of diversified fraud auditing experience, including a distinguished 18-year private industry career. His firm, Fraud Auditing, Inc., advises clients in litigation support, financial investigations, fraud detection, and fraud prevention.
 
Mr. Vona is the author of Fraud Risk Assessment: Building a Fraud Audit Program, The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems, and Fraud Data Analytics Methodology: The Fraud Scenario Approach to Uncovering Fraud in Core Business Systems
 
Mr. Vona has successfully conducted more than 100 financial investigations and fraud auditing engagements for some of the United States' largest high-profile corporations. The net result of his efforts has saved clients millions of dollars through recovery or defense strategies. His financial investigation experience includes embezzlement, business disputes, asset theft, bribery and corruption, malpractice, and disbursement schemes. Mr. Vona's trial experience is extensive, including appearances in federal and state courts. He is qualified as an expert witness, a Certified Public Accountant (CPA), and a Certified Fraud Examiner (CFE). He is cited in West Law for the successful use of circumstantial evidence.

Mr. Vona lectures nationally and internationally on fraud risk assessments, fraud investigation, fraud prevention, and detection, and fraud schemes perpetrated on companies. He regularly speaks at audit conferences and has developed the Fraud Training Curriculum for the MIS Training Institute, an internationally recognized audit training organization. Mr. Vona has provided more than 1,000 days of fraud training to organizations around the world. He was previously on the faculty of Lally School of Management at Rensselaer Polytechnic Institute. He has written the training course on Auditors' Responsibility for Detecting Fraud – SAS99 used by CPA Societies across the country. His international training experience includes five continents and training through interpreters in Spanish, Portuguese, and Russian.
 

About Our Sponsor

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MineralTree makes the easiest-to-use mobile and online AP automation software for finance professionals like you at growing organizations. Whether you’re a controller, AP manager, CFO, or other payment approver, MineralTree’s invoice payment processing solution streamlines AP, giving you significant cost savings and unparalleled control in an affordable, integrated platform with guaranteed fraud protection. We’re focused exclusively on invoice-to-payment automation so businesses benefit from using it and banks, accounting firms, and CPAs can offer it to their customers.