Audit Confirmation Fraud: What You MUST Know

Thursday, May 13th; 10:00 - 11:00 AM

Brian Fox, CPA - Founder

Capital Confirmation, Inc. - Business Services

Presentation Style - Traditional PowerPoint.

Field of Study - Auditing

Intermediate # 800 - Updated Session

SEC rule 13b2-2 states that any company can be held liable if one of its employees responds falsely to a confirmation request. But with mailed paper confirmations, your company can't control where the confirmation letters are sent, and therefore you can't stop a rogue employee from intentionally responding falsely. Because of the recent large number of incidents of fraud surrounding audit confirmations, in 2009 the AICPA, the PCAOB and the IAASB all issued new guidance or proposed guidance to allow for the more secure electronic confirmations, giving companies the ability finally to control which employees have the ability to respond to audit confirmation requests.

This facilitator will update you on standard-setting activities, review recent cases where fraudsters were able to manipulate the confirmation process, discuss why a no-response policy is ineffective, and identify ways to better protect your company from being entangled in a confirmation fraud. Come listen and take away valuable fraud knowledge that will reduce your company's exposure to confirmation fraud.

Guarding the Castle: What's Your AP Fraud Detection Strategy?

Tuesday, May 11th; 2:15 - 3:15 PM

Chuck Kingston - AP Solutions Manager

Jaime Snitker - AP Solutions Manager

Perceptive Software - Business Services

Best Suited for Companies Processing 250,000-500,000 Invoices Annually

Presentation Style - Traditional PowerPoint

Field of Study - Auditing

Basic # 805 - New Session

This session is designed to educate people on how to mitigate the risk of procure-to-pay fraud. The consequences of AP fraud may start small as a few random monetary setbacks and quickly explode into a full-blown scandal. This presentation will challenge the audience to consider whether their companies have the knowledge and tools in place to detect the threat and proactively defend their organization's interests. The facilitators will delve into:

• The types of AP fraud that exists - both internal and external.
• How to spot the red flags that put companies at risk.
• Innovative enterprise content management (ECM) software technology that can reinforce fraud detecting measures, help companies gain control, and reduce risk.

Implementing a Controls Self-Assessment Program in Your Shared Services Organization to Detect and Prevent Fraud

Monday, May 10th; 9:45 - 10:45 AM

Chris Doxey, CAPP - VP of Business Development

Business Strategy, Inc. - Business Services

Peter Goldmann - President

White Collar Crime 101, LLC - Business Services

Best Suited for Companies Processing fewer than 250,000 Invoices Annually

Presentation Style - Interactive Facilitated Discussion

Field of Study - Auditing

Intermediate # 810 - New Session

In today's economy, the fraudsters have gotten even more creative. These facilitators will leverage more than 30 years of business and internal controls experience to provide a robust session on the latest schemes used by fraudsters that impact shared service organizations. Discussion will include case studies and the "red flags" that signal a possible fraudulent activity, and suggestions of internal controls to prevent the occurrence of the activity in the future. Topics include detecting and preventing fraud in:

• Accounts payable
• T&E
• Payroll
• P-Cards
• Accounts receivable

Payment Fraud: It's Everyone's Problem

Tuesday, May 11th; 11:00 AM - 12:00 PM

Mary Schaeffer - Publisher and Editorial Director

Accounts Payable Now & Tomorrow - Publishing Services

Presentation Style - Traditional PowerPoint

Field of Study - Business Management & Organization

Intermediate # 815 - New Session

The numbers will absolutely astound you. Everyone thinks it couldn't happen in their organization but the facts say otherwise. In fact, more than 86 percent of the professionals surveyed by Accounts Payable Now & Tomorrow answered affirmatively when asked if any organization where they worked in the past 10 years had been a victim of any sort of fraud. The facilitator will:

• Discuss the results and compare four fraud surveys (they all tell the same chilling story).
• Analyze the results showing you where fraud is most likely to occur in your shop.
• Provide insights on how to detect some of the more common frauds.
• Share real-life stories of frauds and the outcomes (you'll get to vote on how you think the fraud should have been handled).
• Identify best practices to help prevent fraud at your organization.

There will be a special emphasis in this session on the skyrocketing problem of ACH fraud, along with practical instructions on what you can do to protect your organization. Even if you don't make electronic payments, your organization is at risk and must take steps to protect itself.

Preventing ACH Fraud

Thursday, May 13th; 10:00 - 11:00 AM

Doxey, CAPP - VP of Business Development

Business Strategy, Inc. - Business Services

Best Suited for Companies Processing fewer than 250,000 Invoices Annually

Presentation Style - Interactive Facilitated Discussion

Field of Study - Auditing

Intermediate # 820 - New Session

Fifteen percent of organizations have reported experiencing financial losses from ACH fraud. Failure to adopt effective internal procedures and inadequacy of bank fraud control services were the most frequently cited reasons for the loss. ACH fraud occurs when an account is accessed for unauthorized debits (or Automated Clearing House payments). This workshop will focus on the latest trends cited by today's financial institutions, and will also discuss some alarming case studies as examples of ACH fraud. Here are some topics that will be discussed:

• ACH debit blocks
• ACH debit filters
• Unauthorized debit reporting
• ACH transaction review

Tuesday, May 11th; 11:00 AM - 12:00 PM

Joe Collins - Senior Director of Client Elation

APEX Analytix - Business Services

Sara Monaghen - AP Manager

Koch Business Solutions

Best Suited for Companies Processing 500,000-750,000 Invoices Annually

Presentation Style - Traditional PowerPoint

Field of Study - Auditing

Intermediate # 825 - New Session

Did you know that 71 percent of organizations experienced attempted or actual payments fraud in 2008? With reports of employee and vendor fraud continuing to make the news, the need for the continuous monitoring for fraud detection is evident now more than ever. During this session, APEX Analytix and Koch Business Solutions will teach you how to ensure your financial stewards are not your greatest risk for fraud. You'll learn tactics of fraud detection that work together to create an effective, continuous monitoring program and hear actual cases of frauds that have been identified.

What is Your Fraud Risk IQ?

Wednesday, May 12th; 9:45 - 10:45 AM

Joe Collins - Senior Director of Client Elation

Chris Siemasko - VP, Product Management

APEX Analytix - Business Services

Best Suited for Companies Processing 250,000-500,000 Invoices Annually

Presentation Style - Interactive Facilitated Discussion

Field of Study - Auditing

Intermediate # 830 - New Session

Do you know your fraud risk IQ? During this interactive session, you will be able to complete APEX Analytix' new Fraud Benchmarking Survey that will help you identify the potential risk for fraud in your organization. Your responses will be compared against those of other large companies that have completed the survey , so you can identify your areas of risk and put the necessary controls in place to detect and stop fraudulent activity. The presenter will also share with you some startling statistics about fraud and what you can do to start down the road to proactive fraud detection.