We continued our Celebrating 40 Years of Excellence! Fall Webinar Series with a webinar titled Fraud Prevention and Detection: Surprise Fraudsters Before They Surprise You. This webinar was hosted by Sam BowerCraft, Senior Manager and Dave Hammarberg , IT Director with McKonly & Asbury.
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/.
View a full recap of this webinar at http://www.macpas.com/fraud-prevention-and-detection-webinar/.
On December 5, 2013, Ron Steinkamp, principal, government advisory services at Brown Smith Wallace, presented at the 2013 MIS Training Institute Governance, Risk & Compliance Conference. Ron focused on the following keys to fraud prevention, detection and reporting:
1. Anti-fraud culture
2. Fraud policy
3. Fraud awareness/training
4. Hotline
5. Assess fraud risks
6. Review/investigation
7. Improved controls
Essentials of a Highly Effective Employee Fraud Awareness ProgramFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on the subject in the title
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
On December 5, 2013, Ron Steinkamp, principal, government advisory services at Brown Smith Wallace, presented at the 2013 MIS Training Institute Governance, Risk & Compliance Conference. Ron focused on the following keys to fraud prevention, detection and reporting:
1. Anti-fraud culture
2. Fraud policy
3. Fraud awareness/training
4. Hotline
5. Assess fraud risks
6. Review/investigation
7. Improved controls
Essentials of a Highly Effective Employee Fraud Awareness ProgramFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on the subject in the title
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
Most companies have ethics and compliance policies in place and those policies usually include training for employees. That training typically includes material about policies prohibiting discrimination and harassment, bribery and excessive gift-giving. But it usually does not teach employees how to recognize signs of fraud and how to report them.
Employee fraud awareness training is one of the most important ways your company can protect itself from fraud which, according to the Association of Certified Fraud Examiners, costs the average company five per cent of its revenues every year.
The slides provides fundamental understanding of concepts, principles and issues in fraud risk management. It is a comprehensive summary of general knowledge and understanding about the fraud risk management.
This presentation explains how you can prevent and deter fraud in your nonprofit organization, why some employees commit fraud and how to spot behavioral "red flags," what to do if you discover fraud in your organization, and common fraud schemes to watch for.
Fundamental controlling tool of fraud prevention and detection designed for company owners and top management. Protect at work and in business those honest against those unfair.
www.forensicline.eu
The presentation provides overall insight of operational fraud risk management. It explains the operational fraud risk and mitigation strategies. The role of Internal audit and audit committee is further exemplified
Forensic accountants use many tools to fine tune their fraud investigation process, yielding useable results during any fraud investigation. Learn more here.
Kelly Riddle of Kelmar Global shares tips for conducting insurance investigations.
To watch the webinar recording, visit: http://i-sight.com/webinar-investigating-insurance-fraud/
Most companies have ethics and compliance policies in place and those policies usually include training for employees. That training typically includes material about policies prohibiting discrimination and harassment, bribery and excessive gift-giving. But it usually does not teach employees how to recognize signs of fraud and how to report them.
Employee fraud awareness training is one of the most important ways your company can protect itself from fraud which, according to the Association of Certified Fraud Examiners, costs the average company five per cent of its revenues every year.
The slides provides fundamental understanding of concepts, principles and issues in fraud risk management. It is a comprehensive summary of general knowledge and understanding about the fraud risk management.
This presentation explains how you can prevent and deter fraud in your nonprofit organization, why some employees commit fraud and how to spot behavioral "red flags," what to do if you discover fraud in your organization, and common fraud schemes to watch for.
Fundamental controlling tool of fraud prevention and detection designed for company owners and top management. Protect at work and in business those honest against those unfair.
www.forensicline.eu
The presentation provides overall insight of operational fraud risk management. It explains the operational fraud risk and mitigation strategies. The role of Internal audit and audit committee is further exemplified
Forensic accountants use many tools to fine tune their fraud investigation process, yielding useable results during any fraud investigation. Learn more here.
Kelly Riddle of Kelmar Global shares tips for conducting insurance investigations.
To watch the webinar recording, visit: http://i-sight.com/webinar-investigating-insurance-fraud/
Welcome to Falcon Hawk Consulting - Your Strategic Fraud Risk Management Partner
We invite you to peruse this introduction presentation.
We are sure you will find at least 1 slide or topic that will interest you.
We look forward to hearing from you
Have a great day!
Leveraging Technology Using Keyword Analytics in Fraud and Compliance MonitoringJim Kaplan CIA CFE
Keyword analytics is the process of using data analytics to find keywords in both structured and unstructured data for detecting fraud and compliance review anomalies. It can be used by auditors, accountants and lawyers. This presentation from the 2015 TeamMate User Conference presented the results of the AuditNet Keyword Survey with tools and a comprehensive list of more than 4,000 keywords, social media terms, terrorist keywords and more.
Using Benford’s Law for Fraud Detection & Auditing
Referred to as the First-Digit Law, Benford’s Law is a mathematical theory conceived over 70 years ago that has aided numerous anti-fraud professionals in solving embezzlement, insurance claims and money laundering cases. Benford's Law gives the expected patterns of the digits in unaltered data, and explains there is a large bias towards the lower digits, so much so that nearly one-half of all numbers are expected to start with the digits 1 or 2.
In this webinar, we will explain the theory behind the law and how it can be used to find potential fraud and errors to help turn your internal audit or fraud investigation into a revenue generating center.
In this session, you will learn:
• How to apply Benford’s law analysis to find outliers in processes such as cash disbursement, general ledger, insurance claims, tax assessments, etc.
• The types of data that do and do not conform to Benford’s Law
• A practical guide to apply Benford’s tests using IDEA software (1st digit, 2nd digit testing, advanced analytics – fuzzy logic, etc.)
5 Steps to Creating an Ethical Work CultureCase IQ
You get it. Being an ethical organization matters. A lot.
But ethics isn’t just a quarterly HR campaign or a glossy conduct guide; in order to really have a bottom-line business impact, organizational ethics must function as an integral pillar of company culture over time.
So, what are the best practices to make sure your organization is regularly thinking about ethics and including it in everyday decision making? What are some creative ways to bring focus to this vital but often overlooked function? And how can you most effectively deal with and investigate an incident or a breach when it occurs?
Auditing against a standard or one of the GFSI schemes is rarely effective without the proper training, guidance, and tools. Learn how to to get the most out of your internal auditing process to boost improvements and plant profitability.
Presenter: IJ Arora | President & CEO of Quality Management International Inc. (QMII)
Watch the webinar replay:
https://info.safetychain.com/proactive-internal-audits
Auditing against a standard or one of the GFSI schemes is rarely effective without the proper training, guidance, and tools. Learn how to to get the most out of your internal auditing process to boost improvements and plant profitability.
Presenter: IJ Arora | President & CEO of Quality Management International Inc. (QMII)
Watch the webinar replay:
https://info.safetychain.com/proactive-internal-audits
Past presentation for IIA.
The internal auditor of the future delivers their internal control assurance mandate by getting timely and relevant insights into business risks, governance, and controls. This is being driven by business operations becoming more creative as a means to remain profitable and its associated risks being more dynamic. This presentation discusses how internal audit can be positioned in the future to adapt to changing risk environments based on timely insights from business operations.
SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic
PECB Webinar: An Integrated QMS EMS OHSAS System Using ISO 31000PECB
The webinar covers:
• How can ISO 31000 contribute in an integrated Quality Management System (QMS), Environmental Management System (EMS) and OHSAS System.
• How to use ISO 31000 as the basis for your integrated system which meets all requirements of the tree standards
• How to use this foundation to add on other management systems such as security management
Presenter:
This webinar was presented by Debra Hay Hampton, PECB Certified Trainer and Lead Auditor of Quality and Environmental Management Systems.
Link of the recorded session published on YouTube: https://youtu.be/49rFwsujX0w
Presentations - DAY 1 - NXT 2019: The Future of EHS - eComplianceRaphaela Mandel
Presentations from eCompliance's annual conference: NXT 2019.
Presentations include:
- Customer Showcase: Roseburg Forest Products, John Myers
- Customer Showcase: Avenge Energy Services, Andrew Bursey
- eCompliance Session: Safety Program Reporting vs. Safety Performance Reporting - Marta Montero, Sr. Success Coach, eCompliance
- The Future of eCompliance - Harish Pandian, Director of Product, eCompliance
Fooling the auditor - Understand the People RiskJenny Reid
Understand the people risk in your organisatiton and realise how people can fool the auditor. Audits are reactive. Learn to take proactive steps in fraud prevention.
Discover how you should be running you Health and Safety incident investigations. This best practice guide covers the key elements of effective investigations into accidents and incidents that occur at work.
Risk-based testing is a commonly-performed technique for prioritizing tests that must be performed in a short time frame. However, this technique isn't perfect and has some risks in itself. This presentation lists 13 ways a tester can be "fooled by risk."
Tips for Implementing a Whistleblower HotlineCase IQ
Shannon Walker, President of Whistleblower Security, shares tips for setting up a whistleblower hotline and answers some important questions and concerns often brought up when implementing and maintaining a whistleblower program.
To watch the entire webinar, visit: http://i-sight.com/webinar-how-to-set-up-a-whistleblower-hotline/
The role of internal audit is to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively. ... Typically this is the board of directors or the board of trustees, the accounting officer or the audit committee.
This webinar is hosted by Michael Hoffner, Partner and Leader of McKonly & Asbury’s Systems and Organization Controls (SOC) practice and Co-Director of the Assurance practice, and Janice Snyder, Partner and Co-Director of the Assurance practice.
This ethics webinar focuses on the 7 threats that could compromise a CPA’s compliance with the AICPA code of professional conduct. Many threats fall into one or more of the following seven broad categories: adverse interest, advocacy, familiarity, management participation, self-interest, self-review, and undue influence.
Ratio Analysis and Business Performance – Why Should I Care – Part 2?McKonly & Asbury, LLP
The webinar is hosted by David Blain, Partner and Director of McKonly & Asbury’s Entrepreneurial Services Group, and Eric Fischer, Benefits Advisor at American Family Life Assurance Company of Columbus (Aflac).
This webinar is a continuation of the first webinar hosted on May 30, 2019. This webinar focuses on debt covenant and leverage ratios most used and reviewed by banks and other lending institutions. The webinar also focuses on how banks and lending institutions view these ratios and how to best prepare and present your business for compliance with these ratios.
Not-For-Profit Organizations: Lessons Learned from Implementation of the New ...McKonly & Asbury, LLP
McKonly & Asbury’s July webinar entitled, “Not-For-Profit Organizations: Lessons Learned from Implementation of the New Financial Reporting Standard” took place on Thursday, July 25, 2019. The webinar was hosted by Gary Dubas, Partner and Director of McKonly & Asbury’s Nonprofit Practice, Janice Snyder, Partner and Co-Director of the Assurance Practice, and Jim Shellenberger, Principal and Leader in the Nonprofit Practice.
2019 State Taxes: Pennsylvania Update and The Multistate Tax ClimateMcKonly & Asbury, LLP
McKonly & Asbury’s June webinar entitled, “2019 State Taxes: Pennsylvania Update and the Multistate Tax Climate” is hosted by Mark Heath, Partner and Director of Tax Services at McKonly & Asbury, and Lindsey Waltemyer, Tax Supervisor. During this webinar, attendees will gain an understanding of the budget provisions and recent tax updates specific to Pennsylvania; receive updates on how various states are reacting to federal tax changes and national trends in sales tax nexus; and receive updates from Harbor Compliance on foreign entity qualification and annual report requirements.
McKonly & Asbury’s April webinar entitled, “Leasing: A New Standard is Finally Here” is hosted by Dan Sturm, Partner; Brett Bauer, Senior Manager; and Tim Showers, Supervisor. During this webinar, attendees will learn how ASC 842 differs from ASC 840; will see illustrative financial statements which highlight exactly what changes as a result of the new standard; and will gain an understanding of what they should be doing now to prepare.
Business Valuation Update & Impact of the Tax Cuts and Jobs ActMcKonly & Asbury, LLP
This webinar is hosted by McKonly & Asbury Principal and Business Valuation Leader, Eric Blocher. The webinar will focus on the following; 1) the three different approaches to valuation, 2) the importance of the Standard of Value, Level of Value, and Premise of Value, 3) the Impact of the Tax Cuts and Jobs Act on business valuation, 4) trends in the valuation industry for accounting for the Act, and 5) new topics that are affecting the business valuation industry.
This webinar will provide you with all of the information you need to know in order to understand and implement the changes made by the Tax Cut and Jobs Act, signed into law in December of 2017. McKonly & Asbury presenters, Mark Heath – Partner, and Charlie Eisenhart – Manager, will be covering corporate tax reform including rate changes, new depreciation rules, and limitations on deductions; flow-through tax reform with a special focus on the new 199A deduction; as well as the changes affecting individuals, including new rate brackets and limits on itemized deductions.
Elaine Nissley, Principal with McKonly & Asbury, will provide an overview of ethical style and perspectives. During the webinar, she will present ethics from a macro, corporate, and individual level and discuss social contracts within organizations. She will also discuss how our personal ethical perspective, the ethical perspective of others, and the organization’s ethical perspective influence social contracts and behavior in the workplace. Elaine will then look at a self-assessment tool which you can use to assess your ethical leadership style and a balanced scorecard to measure and track the corporate ethical environment, as well as some frameworks to help you to make balanced ethical decisions. The webinar will conclude with a review of the state of ethics in the workplace in 2017 and a summary of the Federal Sentencing Guidelines related to the key components of an effective ethics program to protect both the organization and their employees.
McKonly & Asbury’s October webinar is brought to you by Bridgeford Trust Company! Modern trust laws, including directed trust, trust protector, and the newly created family advisor, have revolutionized the trust industry in the United States. During this webinar, David Warren, Chairman of the Board/Co-Founder of Bridgeford Trust Company and President/CEO of Bridgeford Advisors, will highlight how these modern progressive trust laws, found only in a handful of states including South Dakota, have drastically changed how trusts are created and administered, delivering far more control and direction to settlors of trusts, beneficiaries, and their advisors than ever before.
In today’s business environment, organizations have a responsibility to their employees, clients, and customers to ensure the confidentiality, integrity and availability of the critical data that is entrusted to them. Every network is vulnerable to some form of attack. However it is not enough to simply confirm that a technical vulnerability exists and implement countermeasures; it is critical to repeatedly verify that the countermeasures are in place and working properly throughout the secured network. During this webinar, David Hammarberg, Principal, IT Director, and leader of McKonly & Asbury’s Cybersecurity Practice will be joined by Partner, Michael Hoffner and they will lead a discussion on a Cybersecurity Risk Management Program including what it is and how it can prepare your organization for the future.
Professional Ethics for CPAs - What the Rules Say and How to Interpret ThemMcKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Partners, Janice Snyder and Michael Hoffner and reviewed the structure of the current AICPA Code of Professional Conduct as well as provided an overview of how CPAs in both Public Practice and serving in Industry should interpret the requirements therein. The presenters went through the outline of the Code, explaining where to find various components of the regulations and providing a series of examples to illustrate the application of the framework.
2018 Pennsylvania Tax Update: The State Budget, Legislation, and Multistate T...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Senior Tax Manager and SALT Leader, Michael Eby, and Tax Supervisor, Lindsey Waltemyer.
It provides an overview of the enacted 2017-2018 Pennsylvania State Budget; a brief update on recently passed Pennsylvania tax legislation and court decisions of interest; and discusses how states, including Pennsylvania, are addressing these changes at the Federal level in their own respective tax structure.
Not-for-Profit Financial Reporting: How to Convert Your Financial Statements ...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Partner, Janice Snyder, and Principal, Jim Shellenberger, and addressed the requirements of Accounting Standard Update 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The presenters reviewed the new requirements under this standard and converted a full set of not-for-profit financial statements from the previous requirements to the new requirements. This was a step-by-step, page-by-page review of not-for-profit financial statements.
This webinar was hosted by McKonly & Asbury Partner, Michael Hoffner and Senior Managers, Josh Bantz and Samuel BowerCraft.
The webinar reviewed he new Trust Services Criteria that will be effective for SOC 2 and SOC 3 reports issued after December 15, 2018. The emphasis of this webinar was on evaluating the changes to the criteria, impacts on the report, and processes and procedures for transitioning from the 2016 Criteria to the 2017 Criteria. The presenters looked in-depth at how clients should map their controls from the 2016 Trust Services Criteria to the 2017 Trust Services Criteria including challenges with the new criteria.
The webinar was hosted by McKonly & Asbury Senior Tax Manager, Mike Eby and Senior Audit Manager, Dan Kern, along with special guest, Bonnie Mark, Principal at Delta Development Group, Inc.
The presentation gave an overview of the Federal and Pennsylvania historic preservation tax credit programs for income-producing properties. Specific discussions included: 1) requirements that need to be met for a project to be eligible for the programs, 2) the application process, 3) accounting and cost certifications, 4) tax benefits of participating in the programs, 5) and recent changes to the Federal program due to Tax Reform.
Throughout the presentation, the hosts reviewed case study examples of local and national projects that they have participated in over the years. Developers, contractors, investors, and even businesses outside the real estate industry will find that there may be opportunities for them to participate in the incentives of these programs.
This webinar focused on the ins and outs of purchasing a business. The objectives of this webinar were to provide the attendees with tips and tools to use as a buy side party in a transaction. More specifically, the participants came away with a basic knowledge of how to approach and communicate with targets, how to analyze a target, the due diligence process, and what to expect at close and post-closing of a transaction.
The presenters discussed the process from start to finish with a focus on the following areas:
- What do you want to be and where do you want to go? – First step is to identify the type of business that best fits your overall business plan and strategy (culture, size, business lines, etc.).
- Preliminary process – How to identify targets, use of professionals, development of a professional, and internal advisory team.
- Transaction process – Initial discussions, development of an LOI, transaction type, and due diligence.
- Closing process – Purchase document, delivery of assets or working capital, and final adjustments.
- Post-closing – Now What?
This webinar discussed the purpose of data analytics and how it can be a light in the darkness for your organization to make better decisions for the future. The webinar covered the purpose of data analysis and its definition, the fundamental steps to take to perform data analysis to problem solve, and closed with next steps that attendees can take to further develop data analysis and business intelligence within their organizations.
During this webinar, attendees learned about the following:
- How data analytics functions to help your organization improve.
- The process for using data analytics to solve problems.
- Next steps to take to build data analysis within your organization.
As a follow up to the webinar we did in December, this webinar will dig in a little deeper into what we believe are the most impactful and relevant aspects of the Tax Cuts and Jobs Act of 2017 for both individuals and businesses. We will also identify planning opportunities for businesses to ensure that opportunities for tax minimization are realized and pitfalls are avoided.
During the webinar, participants will understand how the potential tax legislation will affect themselves individually, their families, their businesses, and how to plan for future tax liabilities.
This webinar presented a broad overview of pending tax legislation and provided details on how the current Federal tax legislation proposals will affect individuals, families, and small and large businesses. The presenters also identiied planning opportunities for businesses to ensure that opportunities for tax minimization are realized and pitfalls are avoided.
Participants will understand how the potential tax legislation will affect themselves individually, their families, their businesses, and how to plan for future tax liabilities.
Preparing to Buy or Sell? Topics and Tips for a Successful TransitionMcKonly & Asbury, LLP
This webinar was geared to those in the process of business transition. Whether looking to sell your business, transition your business to a future generation, or expand your business through acquisition, this webinar focused on key concepts from a financial and tax structure that all business owners should consider in advance of any business related transition. The webinar discussed matters of preliminary planning and preparation for transition, understanding business value, tax consequences and tax structuring matters, pitfalls to avoid, and other unintended consequences.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
2. FRAUD ENGAGEMENT
FROM A TO Z
S A M U E L
B O W E R C R A F T ,
M S I S ,
C I S A
&
D A V I D
C P A ,
H A M M A R B E R G ,
C F E ,
C I S S P ,
M C S E ,
W X Y Z
7. ABOUT MCKONLY & ASBURY, LLP
• Audit, Tax and Risk Management Firm
• Regional presence in Pennsylvania
• Variety of clients ranging from construction to manufacturing and other
clients
• Special capabilities in the risk management area
• Best Places to Work and Best Accounting Firm
11. FRAUDSTER ACTIVITY
Bad actors are always looking for opportunity
Opportunity occurs when there is:
• No control or oversight (trust without verification).
• Oversight without diligence (inadequate verification).
• Culture issues:
• Excessive trust, or
• Disinterest in supporting a controlled environment.
12. AUDITING 411
Process Auditing Purpose:
• Evaluate and improve the effectiveness of risk management, control, and
governance processes.
• Auditing seeks to determine why activities are performed, and how they
have been performed to meet business objectives.
13. AUDITING 411
Process Auditing Purpose:
• To verify that the right things are being done.
• To evaluate processes for effectiveness and efficiency.
• To provide independent assessment of processes and make
recommendations for improvement.
• To work with management to make things better.
• This is a detection strategy.
14. AUDITING 411
NOT the Process Auditing Purpose:
• To punish the guilty or innocent with a rain of fire, brimstone, and guilt.
• To strike fear into the hearts of men and women.
• To demonstrate a lack of trust in the employees within the company.
15. WHY ARTICULATE THE PURPOSE?
Understanding the purpose of the audit
process helps us to understand how to
wield / use the process effectively.
16. SURPRISE
tr. v.
• To encounter suddenly or unexpectedly; take or catch unawares.
(www.thefreedictionary.com)
• Surprise occurs when what happens does not match our expectations.
• Surprise can be used to shake people out of a complacent state.
(www.changingminds.com)
17. SURPRISE AUDITS
Purpose:
• To evaluate without providing notice of the review/audit so that
preparation cannot be performed by the auditee.
• To confirm the true operational readiness of a process area.
• The audit is a detection strategy…
• The possibility of the audit is a prevention strategy.
18. SURPRISE AUDIT BASICS
• Purpose
• Scope
• Standards and procedures for the audit
• Audit team members
• Schedule
• Final report expectations
20. SURPRISE AUDIT BENEFITS
• No one expects a surprise audit.
• It forces a state of readiness at all times.
• Fraud is more frequently caught via this type of audit.
21. AREAS TO FOCUS ON
High Risk Areas for Fraud
•
•
•
•
Payroll
Accounts Payable
Inventory
Key Internal Control Areas
22. THE MORE THINGS CHANGE…
• Surprise Audits work just like regular audits.
• Risk assessment is still required by management to
identify key areas of risk.
• Randomization of surprise audits is a must to keep
readiness high in all areas.
23. SURPRISE AUDIT CONSIDERATIONS
Culture:
• Set the expectation in the company that surprise audits may occur.
• Normally audits are planned and time is scheduled.
• By their nature, surprise audits create a “we” versus “them”
mentality.
• Communicate this approach early and often to minimize the
cultural impact later.
24. SURPRISE AUDIT CONSIDERATIONS
Culture:
• Setting expectation at all levels to do the right things at the right times.
• Not just to do things prior to an audit.
• If you do your job, a review at any time should reveal few issues.
• Live and Die by the Sword
• If surprise audits are good for one area in the company, they are good for any
area in the company.
• Be wary of creating a culture where only one group is susceptible to this type of
audit; it may create resentment.
25. SURPRISE AUDIT CONSIDERATIONS
Presentation:
• Present and explain the reason and purpose of the surprise audit to the auditees.
• Clarify that the purpose is not to punish but to check on and improve (if needed)
the processes.
• Represent the importance of checking the process given the risk assessment.
26. SURPRISE AUDIT CONSIDERATIONS
Consistency:
• Use the same approach for both standard and surprise audits, except for:
• Surprise, and
• Information collection: gather data, request items, and perform inventories
immediately if there is a high level of risk or concern.
• Be factual about the approach and the process.
27. NEXT STEPS
1. Assess risk in your environment:
• General risks
• Fraud risks
2. Consider areas for surprise audits.
3. Communicate to all that surprise audits are a possibility.
4. Communicate the importance of:
• Doing things right at the right time.
• Verification of activities to provide comfort to management.
5. Maintain a consistent approach for all audits.
28. THANK YOU.
Questions? Please contact us:
• Samuel BowerCraft
• sbower@macpas.com
• David Hammarberg
• dhammarberg@macpas.com
29.
30.
31. FRAUD ENGAGEMENT
FROM A TO Z
S A M U E L
B O W E R C R A F T ,
M S I S ,
C I S A
&
D A V I D
C P A ,
H A M M A R B E R G ,
C F E ,
C I S S P ,
M C S E ,
W X Y Z