PPT-How to reduce the risk of purchasing fraud

Crissy R Fiscus cfiscusdeandortoncom Lance R Mann lmanndeandortoncom September 29 2014 Agenda Key risks of fraud within procurement function Specific areas of focus for today Real world examples. 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.. 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 . Keith Jacks Gamble. Department of Finance. Patricia Boyle. Lei Yu. David. Bennett. Acknowledgements. Sandell. Grant – Center for Retirement Research at Boston College. National Institute of Aging (grant R01-AG33678). . . 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.”. Presented By:. Jim Parker, CPSM, C.P.M.. Many Universities have been targeted in the past few months in PO fraud scams. University of Utah. University of Michigan. University of Washington. UC Riverside. Senior Auditor (Fraud Lead). Internal Audit – Why are we here today?. A number of school related issues have arisen over the past year or two. Both through referrals and via audit/proactive fraud work. . . 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. Deterrence . Detection . and . Prevention. Presented by . . Ryan Schnobrich, Internal Auditor. A considerable amount of information in this presentation was provided by:. The Association . of Certified Fraud Examiners, . 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.. Joint Financial Management Improvement Program (JFMIP) Conference. May 9, 2016. Erin A. McLaughlin. Senior Analyst, Forensic . Audits and Investigative Service (FAIS. ). U.S. Government Accountability Office. Procurement Fraud . Procurement fraud is the second most frequently reported form of economic crime behind asset misappropriation, according to a . study.. The . PwC Global Economic Crime Survey 2014 showed 29 . April 5, 2019 . w. elcome!. Conference Schedule. Breakout Sessions. Questions . Thank you! . 3. JP Morgan . Chase. Presenters. Athletics - prizes. YOU! . Fiscal year 18 statistics . Purchasing Card Program. 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 .