PPT-Using GAO’s Fraud Risk Management Framework

Joint Financial Management Improvement Program JFMIP Conference May 9 2016 Erin A McLaughlin Senior Analyst Forensic Audits and Investigative Service FAIS US Government Accountability Office. September 2012. Introduction. Governance, Ethics, Risk and Fraud. Governance, Ethics, Risk and Fraud. Objectives. Objectives . To understand the concepts of corporate governance, ethics, risk and fraud. 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.. What are the central securities depositories doing to mitigate this risk?. Cancún, . May. 21, 2015. What is Fraud?. Generally, fraud is described as a deliberate act of abuse of trust, taking advantage of swindles. . Fraud in a Financial Statement. Audit. Why a New Standard?. Provide CPAs with clarified and focused auditing guidance on fraud. Re-emphasize the role of entity management and boards in preventing and detecting fraud. 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.”. . 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. Agenda. Summary of HFA 2005-2015. What parts of “Resiliency” can we measure?. What are the top five functional areas required for building your community sustainably? . Blending mitigation and recovery. 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.. Tiffany. . Chiu,. . Yunsen. Wang. . and. . Miklos. . Vasarhelyi. Rutgers 18th Fraud Seminar, December 7. th. This paper aims at providing a framework on how process mining can be applied to identify fraud schemes and assessing the riskiness of business processes. . Council Working Group on Financial and Human . Resources (CWG-FHR). 27 August 2019. Council Working Group on Financial and Human . Resources. Tenth meeting – Geneva, 18 September 2019. Document CWG-FHR-10/8. The Privacy Institutions Risk Management Framework. Professor Peter Swire . Georgia Tech Scheller College of Business. Alston & Bird LLC. NIST Privacy Framework Conference. May 12, 2019. Introduction. Why a New Standard? . Provide CPAs with . Clarified and Focused Auditing Guidance . on . Fraud. Re-emphasize the role of . entity management . and boards . in preventing . and detecting fraud. This Presentation .