PPT-MMTCTA Fraud Risk Assessment (Outside independent auditors – what to expect and

internal auditors fraud risk Presented By Ron Smith amp Karen Olivieri RHR Smith amp Co May 19 2017 About RHR Smith amp Company RHR does approx 130 of Maines 500 Municipalities . Recent cases. Madoff - $54bn (£38bn). Allen Stanford - $8bn (£5.6bn). Kazutsugi Nami, Japanese Ponzi scheme $2.5bn (£1.76bn). US Ponzi schemes . Nadel $300m. Schrenker . “Chicago suburban businessman ... Tens of millions of dollars”. Ryan Burnett. Caitlen. . Eibeck. Mike Davis. Acctg403-001. Pennsylvania state university. Professor . izzo. 3/1/2015. Greed and Pressure. Greed. Greed can be attributed to personal financial gain, attempts to conceal losses and/or poor job performance that could harm a person’s employment, and enhancing potential bonuses, among other factors.. Chapter IX . External Auditing and Corporate Governance . External Auditor Responsibility . Current auditing standards require that independent auditors provide . reasonable assurance . that the financial statements are free from material misstatements, whether caused by error or fraud, to render an unqualified opinion on the financial statements.. LESSONS LEARNED. ETHICS . . FIRST. Richard M. Scrushy. $100,000 Coffee Mug. SUCCESS. In 1806 Webster’s Dictionary defined success as “being generous, prosperous, healthy and kind.”. Today, Webster’s defines success as “the attainment of wealth, fame and rank.”. Management . and the Profile. of a Fraudster. Business of Fraud. Fraud, corruption and unethical behaviour have become a reality in both the private and public sector. Hard . Facts. South Africa ranked . . . Definition of Fraud. The . Institute of Internal Auditors’ IPPF defines . fraud . as:. . . . “. Any illegal act characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the threat of violence or physical force. Frauds are perpetrated by parties and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage.”. Analysis: An Exploratory Study. Helen Brown-Liburd, Ted Mock. , Andrea Rozario. Miklos . Vasarhelyi. Presented by Andrea Rozario. Background & Motivation. Audit . planning literature is abundant with . . Think Like a ‘Demon’ & Add IA Value. April 10, 2013. 2:30p – 3:30p. Mark P. Ruppert. . CPA, CIA, CISA, CHFP, CHC. Director, Internal Audit . (CAE). The Institute of Internal Auditor Los Angeles Chapter. Rodrigo . Macias, Senior Manager. March 11, 2015. Organizational Risk Assessment. and . Fraud Overview. Agenda. Introductions and Overview. Risk Assessment Process. Fraud . Overview. Fraud Triangle and Red Flags. NIDHI RAO, CPA, CFE, CFF, CIA. OCTOBER 12, 2017. FRAUD DETECTION IS AS SIMPLE AS…. DISCUSSION THEMES. Tales. Risk Assessment. Cost. Fraud Myths. It couldn’t happen to us. . If something happened, it would be discovered quickly.. Food Fraud Mitigating the Risks Kevin Swoffer NSF International NSF Helps People Live Safer We carry out this human health and safety mission by : Writing standards to promote the safety of food, drinking water, indoor air, dietary supplements, consumer products and the environment The Benefits of Reading Books The Benefits of Reading Books Vienna, 31st of May, 2017. Risk assessment vs. . Risk . management. Risk assessment is a tool – applied in different business areas. SWOT analysis. (. strengths. , . weaknesses. , . opportunities .