August 26, 2019

In-Person

Alabama Society of CPAs
1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

8 CPE

Internal and External Fraud: Understanding it and Working to Control it

August 26, 2019
In-Person
8 CPE

Internal and External Fraud: Understanding it and Working to Control it

  • View Bio

    Instructor

    Karl
    Egnatoff

    View Bio

    Karl Egnatoff

    Bio
    Karl W. Egnatoff, CPA, CITP
    Member, Phoenix Beach, LLC
    Myrtle Beach, South Carolina
    karl@phoenixbeach.com

    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 Public 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 certifications 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 successful businesses. All of these organizations provided consulting and training services. The experience he garnered while running his companies serves him now as he develops and teaches continuing professional education for Phoenix Beach, LLC.

    Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college he participated in division I Cross County competing on the varsity squad. He was also on 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.

All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts. Fraud activities can be executed from within an organization, by parties outside an entity, or by both. One of the primary ways to thwart fraud is to understand how and why it occurs. In this session, we delve into the reasons that both internal and external intentional defalcations take place. The material discusses how difficult it can be to see some of the motives driving those that undertake fraud. We then discuss measures that organizations can implement to help stop fraud activities and add security to the entire enterprise.

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Learning Objectives

List reasons that employees and others that are internal to an organization choose to undertake fraudulent acts Explain the factors that make an organization attractive to those considering an external fraud attempt Discuss the types of control measures that work best as entities strive to mitigate fraud risk Understand specific internal control measures that can help to reduce fraud activities Explain how anti-fraud measures add security to all segments and aspects of a business organization

Major Topics

Understanding why internal fraud occurs Fraudulent acts initiated from outside organizations Policies, procedures and control measures designed to fight Fraud Steps that verify anti-fraud activities are working

CPE Credits Available

8 CPE
8
Accounting & Auditing

Alabama Society of CPAs

1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

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Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Fraud

Prerequisites

A basic understanding of Internal Control concepts

Advanced Preparation

None

Intended Audience

Accounting and other business professionals with a need to understand ways to thwart fraud

Provider

Phoenix Beach

This event has ended.