Agenda topics, timing, and speakers subject to change.
Day 1 | Wednesday, February 15
11:00 am Eastern
Welcome Remarks
11:00 am – 12:00 pm Eastern
Keynote Address: Reframing Your Understanding of Fraud
(1 CPE credit | Field of Study – Accounting)
In this session, we will provide you with a framework to understand what types of organizational fraud are prevalent today and who commits it. It’s essential to understand that behind every case of fraud, there are people. Understanding what motivates their fraudulent behavior and how to identify warning signs is the first step in creating the fraud-resistant organization.
Attendees will learn the following:
- Why Bringing Freud to Fraud makes sense
- Fraud is more about psychology than accounting
- When fraud happens in the Executive Suite
- The key stages of the fraud lifecycle
- The Fraud Formulas: BFF = f(h,e) and When D > F1 = F2
Introduction:
- Trevor Collier | Dean | University of Dayton School of Business Administration
- Dr. Thomas Skill | Associate Provost and Chief Information Officer | University of Dayton
Moderators:
- Jack Bigelow | President, The Bigelow Consulting Group, Inc. | Principal, The Behavioral Forensics Group, LLC
- Amanda Malusky Krauss | Associate Managing Director | Axium Consulting, LLC
Presenters:
- Dr. Daven Morrison, MD | Associate Clinical Professor of Psychiatry & Behavioral Sciences | Chicago Medical School, Rosalyn Franklin University
Founding Principal | The Behavioral Forensics Group, LLC
- Sri Ramamoorti, PhD | Associate Professor of Accounting | University of Dayton
Managing Principal & CEO | The Behavioral Forensics Group, LLC
12:00 pm – 1:00 pm Eastern
Why Does Fraud Happen
(1 CPE credit | Field of Study – Behavioral Ethics)
To detect and prevent fraud more effectively, you need to understand the behavioral psychology behind it. From burnout to ESG, PPP, affiliation scams, remote work and rationalization, we’ll share the different environmental and, in particular, the human factors that create an environment for fraud. We’ll also cover the motivations and other aspects of the mind that drive a perpetrator to commit fraud.
Participants will learn:
- Typical elements of executive judgment that help or hurt fraud mitigation
- Clues to consider in the CEO/CFO fit or "mis-fit"
- Beyond the basics - Why emotional intelligence matters
- Are you facing a “bad apple," a “bad bushel,” or a “bad crop?”
Presenters:
- Dr. Daven Morrison, MD | Associate Clinical Professor of Psychiatry & Behavioral Sciences | Chicago Medical School, Rosalyn Franklin University
Founding Principal | The Behavioral Forensics Group, LLC
- Joe Koletar, PhD | Retired Senior Executive | Federal Bureau of Investigations
Founding Principal | The Behavioral Forensics Group, LLC
1:00 pm – 1:30 pm Eastern
Break
1:30 pm – 2:30 pm Eastern
Occupational Fraud - Focus on Corruption
(1 CPE credit | Field of Study – Business Management & Organization)
In this session, we will address the three types of occupational frauds, asset misappropriation, financial statement fraud, and corruption. The session will provide best practices for prevention, detection, investigation, and litigation. The session also addresses hard and soft internal controls. Since corruption presents unique challenges for prevention and detection, this course will provide those responsible for corporate governance with ideas for addressing these issues. The presenter draws on his background as a Special Agent with the FBI to provide case examples and root cause analysis of corruption.
Participants will learn:
- The current fraud threat picture an organization faces
- Examples of local, state, and federal officials engaged in corruption
- Prevention strategies
- About the detection of corruption and conflict of interest
- Root cause analysis
Presenter:
2:30 pm – 3:30 pm Eastern
The Escalating Threat of Cyber Fraud (Live Session Only)
(1 CPE credit | Field of Study – Information Technology)
Drawing from over 19 years of experience with cyber criminal and cyber national security investigations that have spanned the globe, this session will highlight lessons learned and best practices attendees can consider for their companies to help protect their employees from becoming victims at home or at work, along with helping to mitigate threats in their environments. This session will also discuss how these best practices can be applied to cyber threats such as ransomware, supply chain attacks, extortion, and Business Email Compromise (BEC) in the year 2022 and beyond.
Participants will learn:
- Best practices to help mitigate cyber attacks
- The current cyber threat picture
- Profiles of the individuals and groups responsible for cyber attacks
- Law enforcement’s role in cyber matters
Presenter:
- Chad Hunt | Supervisory Special Agent | Federal Bureau of Investigation
Day 2 | Thursday, February 16
11:00 am Eastern
Welcome Back
11:00 am – 12:00 pm Eastern
Fraud Trends: Emerging Risks & Increasing Expectations for Risk Management
(1 CPE credit | Field of Study – Business Management & Organization)
What new types of fraud should company executives be on the lookout for? Where are the future threats coming from? Attendees will learn about new potential threats to be proactive and help increase their level of vigilance to protect their companies.
After this session, attendees will learn:
- Experts' projections of future fraud threats
- Recent regulatory guidance centered around data analytics, fraud risk management, & compliance program expectations
- How to assess organizational vulnerability to these new fraud threats
Presenter:
- Lynda H. Schwartz, CPA | Lecturer, Director of Forensic & Data Analytics Curriculum, Isenberg School of Management | University of Massachusetts Amherst
12:00 pm – 1:00 pm Eastern
Fraud Experiences: The Ethics of Enron
(1 CPE credit | Field of Study – Regulatory Ethics)
Enron, the case that defined corporate fraud and made infamous its C-suite executives. Retired FBI Agent Michael Anderson, who led the FBI Houston Enron Task Force, provides an inside, behind the scenes look at Enron’s corrupt and unethical leadership, toxic culture and fraudulent accounting that contributed to the failure of the seventh largest company in America. The presentation gives a retrospective on investigating the largest and most complex White Collar Crime case in FBI history resulting in 23 convictions and more than $105 million forfeited to the victims of the fraud.
After this session, attendees will learn:
- A better understanding of the forensic process
- Common sense, ethical takeaways, & lessons learned
Presenter:
- Michael Anderson | Retired Assistant Special Agent in Charge | Federal Bureau of Investigation
1:00 pm – 2:30 pm Eastern
Break
2:30 pm – 3:30 pm Eastern
Tools and Competencies to Prevent/Deter/Detect Fraud
(1 CPE credit | Field of Study – Information Technology)
There are a variety of tools, systems, and best practices companies can implement to help prevent, detect, or contain fraud. Whether the threat is internal/operational, external and with or without cyber elements, we will explore the benefits and limitations of the various tools, software, and internal controls to help companies know where to invest for better protection.
Participants will learn:
- Specific internal control measures that evolved to prevent fraud
- Common internal control deficiencies exploited by fraudsters
- How to assess behavioral/integrity risks
- Fraud prevention/detection tools and selection criteria to decide which are most effective
Presenter:
3:30 pm – 4:30 pm Eastern
Governance: Creating and Leading a Fraud-Resistant Organization
(1 CPE credit | Field of Study – Business Management & Organization)
Get an inside look at what worked and what didn’t from the former CEOs of Grant Thornton, LLP and Baxter International when it came to detecting, preventing, and containing fraud within their clients’ and their own organizations. As well as dealing with ethical dilemmas and behavioral/integrity risks.
Attendees will learn:
- The economic ecosystem for preventing, deterring, detecting, and responding to fraud
- The role of skepticism in controlling fraud risk
- The governance role in creating and leading a fraud-resistant organization
Presenter:
- Harry Kraemer | Former CEO | Baxter International
Executive Partner | Madison Dearborn Partners
Clinical Professor of Leadership | Kellogg School of Management | Northwestern University
- Brad Preber | Former CEO | Grant Thornton LLP | Trustee | University of New Mexico Foundation
4:30 pm – 4:35 pm Eastern
Closing Remarks
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