How Fraud Can Affect Smaller Organizations
Total Credits: 4 including 4 Accounting - Technical
- Average Rating:
- 13
- Categories:
- Partner Produced | Accounting and Auditing
- Speaker:
- Karl W. Egnatoff, CPA, CITP
- Course Levels:
- Basic
- Duration:
- 4 Hours
- License:
Description
Many small to medium sized companies do not properly address the risk that arises related to fraud because these organizations do not have the resources needed to mitigate this risk or because owners or those in top level management underestimate the scope of the issue. All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts and know that a significant and effective fraud scheme could even create going concern issues for some entities. In this session, we delve into the reasons that fraud takes place. The material discusses the types of defalcations that are often executed against smaller entities and then explores measures that organizations can implement to help stop fraud activities and add security.
Basic Course Information
Learning Objectives- List reasons that employees and others that are internal to an organization choose to undertake fraudulent acts
- Explain the factors that make smaller organizations attractive to those considering fraud
- Understand specific internal control measures that can help to reduce fraud activities executed against smaller and medium sized companies.
Major Subjects
- The reasons for fraud
- Fraudulent acts that are initiated against smaller organizations
- Methods to stop fraud attempts against small businesses
Course Materials
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| How Fraud Can Affect Smaller Organizations Handout (898.9 KB) | Available after Purchase | ||
Speaker
Karl W. Egnatoff, CPA, CITP Related Seminars and Products
Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. He has worked as an information technology services provider, a trainer and a programmer related to financial and business technology projects since 1995. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. He has been teaching group live and web-based continuing education since 2006. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP).
Karl is a member of the West Virginia Society of Certified Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certification including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). During the course of his career, Mr. Egnatoff has owned and operated a number of small businesses.
Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college he participated in division I Cross Country competing on the varsity squad. He was also on the Marshall’s Track team. Karl and his wife Lana live in Myrtle Beach, south Carolina and have been married since 1990. They have two grown sons, Jordan and Steven.
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
Accounting and other business professionals with a need to understand small business fraud.
Original Recording Date
06/2022
Yellow Book
No
Course Developer
MICPA
Date Added to Catalog
04/14/2022
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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