Successful Business Fraud: What Happens If They Don't Get Caught?

Event Details

This course will offer participants an in-depth understanding of the logistics of business fraud. It will also discuss how they get started and what motivates a business owner or top senior executive to steal from their company.

Why Should You Attend:

This webinar will discuss:

Types of acts. Specific types of acts are more easily concealed than others. Learn which acts are more successful within different industries.
Keeping it a secret. Secrecy is an essential component of fraud. How to keep a secret over a long period.
Risks created. Situations created fraudulently expose a company to risks that involve the company, its investors and lenders and other stakeholders. These situations arise without expectation or preparation. The list will surprise you.
Gains lost. Senior management benefitting from fraud often makes decisions that benefit their personal interests than the company's.
Rolling forward a few years. Various fraud techniques can be concealed for extended periods, including years. During certain periods, these schemes become more difficult to conceal.
Emerging risks facing companies and financial institutions. Risks facing lenders by such acts.
Controls you can establish within your organization. What an employee at any level can do, cannot do, and what possible steps they can take. And the risk to themselves.

Areas Covered in the Webinar:

Understanding the logistics of business fraud. The "nuts 'n bolts" of committing long term business fraud.
Recognizing the behavior of perpetrators. Suspicion and action are not necessarily related.
Aspects and beliefs generally associated with business fraud. What we hear about and what we don't hear about. The unspoken realities of this back door industry.
Why popular precautions are of less value than claimed checks and balances, debits and credits and forensic accounting are popular techniques and slogans. Do they really achieve anything?
Risks taken and caused by perpetrators.
How they often get started. What motivates a business owner or top senior executive to steal from their company? It's not always greed.
What types of fraud are most prevalent and how to mitigate the risk.
How financial checks and balances can make embezzlement more difficult. Embezzlement is the easiest form of business fraud to spot. Yet, it is so prevalent. Why does it continue to exist? Why do we hear so little about it in closely held companies?
What to do if you suspect internal fraud. The five D's of fraud spotting.

Who Will Benefit:

Attorneys
Internal and external audit professionals
Internal control professionals
Finance and accounting management
Compliance and ethics managers
Loss prevention and risk specialists
Security professionals
Fraud examiners
Procurement/purchasing and payables specialists
Investment management professionals
Large business owners
Accounting and audit practitioners
HR managers
Senior financial management seeking to reduce their vulnerability to costly frauds

Instructor Profile:

Alex Kwechansky focuses on business fraud discovery, resolution and recovery. His specialty is untraceable fraud with no paper trail. He holds an accreditation of Diplomate from the American Board of Forensic Accounting. Among his written works is a guide to protect people from phony investments titled, "How to Spot another Bernie before He Has Madoff with Your Money?" He has presented this topic to many business and professional groups. Mr. Kwechansky has created and taught over 50 seminars for accountants and attorneys dealing with untraceable fraud and executive techniques used to manipulate both the books and the accountant. These seminars followed over twenty years of developing and teaching his own business courses at UCLA's Business Extension School including his business fraud course.

Topic Background:

Company owners and majority shareholders are in a unique position of being in control of all facets and all decisions of their company. Company owners do not defraud their own companies, they use their companies to defraud others. Those "others" can be a varied list including those who can prosecute them. Techniques and schemes vary by industry and are rarely, if ever, reported in the media. Secrecy dominates. These closely held companies employ the majority of the labor force. Their fraudulent acts cause significant risks and opportunity denials that this webinar will focus on. Several industry sectors will be discussed.


For Registration - http://www.complianceonline.com/business-fraud-identification-detection-and-controls-webinar-training-703966-prdw?channel=lasr


Note: Use coupon code 232082 and get 10% off on registration.