Wednesday, December 4

11:00 am – 12:30 pm Eastern

Ecology of Fraud: The context and the players
In this session, we will provide you with a framework to understand what types of occupational fraud are prevalent today and who commits it. 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 session 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 ecosystem of fraud (why and how it happens)
• The key stages of the fraud lifecycle
• Prevention strategies
• About the detection of corruption and conflict of interest
• Best practices to safeguard or mitigate risk at your organization to create a fraud-resistant organization

Presenter:
Vic Hartman | Principal, The Hartman Firm | Partner, Behavioral Forensics Group, LLC

 

12:30 pm - 1:00 pm Eastern

Break

 

1:00 pm – 2:30 pm Eastern

The Behavioral Psychology of Fraud: Bringing Freud to Fraud
To detect and prevent fraud more effectively, you need to understand the behavioral psychology behind it. From burnout to ESG, 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:

• How Fraud is more about psychology than accounting
• The role an organization’s culture plays in creating Marks, Larks, and Sharks
• An introduction to the ABCs of fraud and the characters involved: Marks (victims), Larks (witnesses/whistleblowers), and Sharks (predators/fraudsteo fraud detection and prevention
• Best practices to create a healthier, more fraud-resistant organization

Presenters:
Daven Morrison, M.D. | Associate Clinical Professor of Psychiatry, Chicago Medical School; CEO of Morrison Associates, Ltd | Co-Founder, Behavioral Forensics Group, LLC
Dr. Sri Ramamoorti | Associate Professor of Accounting, University of Dayton | Co-Founder, Behavioral Forensics Group, LLC

   

2:30 pm - 3:00 pm Eastern

Break

 

3:00 pm – 4:00 pm Eastern

Tackling Cyber Risk: How Management Teams Can Collaborate
in an Era Emphasizing Transparency
Presented by PwC
With the implementation of the new SEC cyber disclosure rule, organizations are tasked with providing investors with timely, consistent, and "decision-useful" insights into their cyber risk management strategies.

Attendees will explore the potential impact of adopting innovative technologies on your company's risk profile and its implications for ongoing compliance reporting; strategies for CISOs, CFOs, and other stakeholders to gain confidence in meeting the new SEC cyber disclosure standards; and essential areas where executives should focus their efforts to establish robust cyber risk management frameworks within their companies.

Presenter:
Kristen Maynes | Cyber, Risk, and Regulatory Partner | PwC

 

4:00 pm – 5:30 pm Eastern

Methodology: How To Protect Your Organization from Fraud
In this session, we will focus on tools and strategies to better protect your organization from fraud. We will focus on the variety of tools, systems, and best practices companies can implement to help prevent, detect, or contain fraud whether from cybersecurity fraud risk, as well as what new types of fraud company executives should be on the lookout for.

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.

Then, where are the future threats of fraud coming from? Attendees will learn about new potential threats to be proactive and help increase their level of vigilance to protect their companies. As well as best practices in regulatory guidance to help protect against new forms of fraud.

Participants will learn:

• Specific internal control measures that evolved to prevent fraud
• Common internal control deficiencies exploited by fraudsters
• Fraud prevention/detection tools and selection criteria to decide which are most effective
• 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

Presenters:
Lynda H. Schwartz, CPA | Lecturer, Director of Forensic & Data Analytics Curriculum, Isenberg School of Management | University of Massachusetts Amherst
David Sems | Founder | Sems & Associates

 

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