| Preventing Fraud and Mismanagement In Government: Solutions and Risk Assessment
Program Type: Recorded Webinar (Audio, PPT)
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting—Governmental; Business Management & Organization
Shipping Weight: 0lbs. 0oz.
As Part-3 of this series we will present solutions for not only detecting fraud in government organizations but also preventing it. Part of this approach will be looking at various aspects of risk (Operational, Compliance, Management) and how to best develop policies that assess that risk. The presentation will offer reasons for why fraud continues to occur inside of corporations by evaluating Audit Risks, Inherent Risks, Control Risks and Detection Risks.
The presenters will identify a practical warning system based on Five Categories of Fraud:
- Misstatement of Revenues
- Misstatement of Expenditures
- Misstatement of Assets/Liabilities
- Inadequate Disclosure
- Misappropriation of Assets and Failing To Provide for Future Liabilities
- How Do they effect the valuator and what risks do they pose to the professionals, involved in public entity work
After completing this webinar, attendees will be able to:
- Design a risk asssessment through brainstorming sessions
- Explain the importance of professional skepticism and know the right questions to ask
- Explain that the importance of decisions professional make in their role and their possible consequences
- Summarize everyone’s, including your own, responsibilities when working in a government organization, as it often puts you in a position of trust
- Identify where “Trust” creates weaknesses in organizational oversight
- List the inherent professional risks of working in governmental organizations (Misprision and personal liability (criminal and civil)) that the Professional can face
- Utilize skills that allow for better consensus decision making through use of Rule of Three (If a consensus among 3 reasonable independent thinking people cannot be reached, then don’t do it)
- Summarize how the valuator/professional safe guards his most importance assets, his reputation, and licenses
Who Should Attend
Valuators, CPA's, vendors and subcontractors working for the public entity and those who work in administrative positions in state and local governments, elected officials, and anyone looking to understand the risks within the public entity
Joseph Petrucelli, CPA, CFF, CGMA/ABV, FCPA, CVA, MAFF, PSA, CFE
Mr. Joseph Petrucelli is a founding partner of PP&D Accounting in Woodbridge, NJ. Petrucelli is often cited in the media and accounting journals for his work as a forensic accountant. He is an FCPA Forensic Certified Public Accountant through and holds various other certifications with the American Institute of Certified Public Accountants, National Association of Certified Valuation Analyst, National Association of Certified Valuation Analyst Forensic Academy, the NJ State Board of Accountancy.
Mr. Petrucelli is the author of "Preventing Fraud and Mismanagement in Government" (Wiley, 2016), and "Detecting Fraud in Organizations" (Wiley, 2013). He is also a contributor to media as an expert on tax issues and forensic accounting. He is an adjunct professor at CUNY College of Staten Island where he teaches forensic accounting. He is the author of “Detecting Fraud in Organizations” which was published by Wiley Publishing in 2013. He is a graduate of Kean University where he has a BS in Economics with a Concentration in Accounting.
Mr. Petrucelli has recently released his new book "Preventing Fraud and Mismanagement in Government: Systems and Structures" available through Wiley & Sons. He was also recently quoted by Forbes Magazine in an article titled "Nick's Roast Beef, A Greek Tragedy On Boston's North Shore."
Walter A. Pavlo, Jr., Author, Contributor to Forbes.com and NYU Law's Program on Compliance and Enforcement
Mr. Walt Pavlo is a contributor to Forbes.com where he writes about white-collar crime. He is the co-author of Stolen Without A Gun, which he co-wrote with Neil Weinberg (Editor-in-Chief at American Banker). Mr. Pavlo’s story has been a part of training programs at the Federal Bureau of Investigation, major corporations, and top-ranked MBA programs across the country. He is also an on-air contributor on the topic of white-collar crime for CNBC and FOX Business.
Walt Pavlo is the founder of www.500PearlStreet.com, which is a website dedicated to providing information on current white-collar crime cases with the purpose of educating people on the major cases in our court system. His program is integrated into a number of leading universities as a supplement to teaching forensic accounting, auditing, law, and ethics. Mr. Pavlo is a nationally recognized speaker on white-collar crime, and he gave a keynote address at the annual conference of Certified Fraud Examiners. He has also given presentations to key focus groups such as the Center for Audit Quality. He has also been a contributing panel member on numerous programs for the American Institute of CPAs and the Institute of Internal Auditors. Mr. Pavlo specializes in helping corporate leaders and their people understand how fraud starts within an organization by providing insight into the motivations of perpetrators and the opportunities they see when they commit crimes within a company.
Mr. Pavlo was recruited by the Federal Bureau of Investigation to lead training and discussions on financial fraud in the corporate environment in order to create awareness that fraud can exist in any workplace. His case has been cited in numerous textbooks and periodicals as a classic story of how a lack of proper mentoring and support within an organization can lead to poor decisions. His story has been featured on ABC Nightline, The Katie Couric Show, and the NBC Today Show.