In this session, we will explain the inherent fraud schemes that lurk within the accounts payable and cash disbursement functions. Most major asset misappropriation schemes occur in the expenditure cycle. Knowing the schemes and how the schemes occur will assist in building the appropriate audit response. At the conclusion of the seminar, you will have a framework to incorporate into your audit program.
Synopsis of inherent fraud disbursement schemes.
How to incorporate the inherent scheme into the planning process.
Shell companies from simple to advanced.
How to build the fraud tests for your audit program.
SHERWYN NOEL (AIG)
"learned More of what I need to know about SCHEMES IN ACCOUNTS PAYABLE. I now understand how to approach it."Katyanee Svastikula (Sarah C. Nickel, C.P.A.)
"Excellent presentation. A lot of interesting and valuable information presented. Thank you."Charles Dinan (SOUTH HILLS TAX SERVICES)
"Great course, great presenter! Made me think about fraud angles that I wasn't aware of."Geoffrey Huseas (Kohler & Eyre CPAs)
"Great presentation on a complicated subject. Enough information to be extremely helpful."Ward Gott (Ward R. Gott, CPA)
"I enjoyed his sense of humor and learning about the Fraud aspects of Accounts Payable."Michelle Cleary (HuntsmanCorp)
"great webinar, Leonard gives you a lot to think about and look for"James Simpson (P&S Transportation)
"Leonard was a great instructor. I enjoyed his jokes as well LOL"Gordon Murphy (Arizona State University)
"Leonard's jokes are a great idea - thank you for your help!"
Leonard W. Vona, Fraud Auditing, Inc.
CEO
lvona@leonardvona.com
(518) 784-2250
Leonard W. Vona is the CEO of Fraud Auditing, Inc. He is a forensic accountant with more than 38 years of diversified fraud auditing experience, including a distinguished 18-year private industry career. His firm, Fraud Auditing, Inc., advises clients in litigation support, financial investigations, fraud detection, and fraud prevention.
Mr. Vona is the author of Fraud Risk Assessment: Building a Fraud Audit Program, The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems, and Fraud Data Analytics Methodology: The Fraud Scenario Approach to Uncovering Fraud in Core Business Systems
Mr. Vona has successfully conducted more than 100 financial investigations and fraud auditing engagements for some of the United States' largest high-profile corporations. The net result of his efforts has saved clients millions of dollars through recovery or defense strategies. His financial investigation experience includes embezzlement, business disputes, asset theft, bribery and corruption, malpractice, and disbursement schemes. Mr. Vona's trial experience is extensive, including appearances in federal and state courts. He is qualified as an expert witness, a Certified Public Accountant (CPA), and a Certified Fraud Examiner (CFE). He is cited in West Law for the successful use of circumstantial evidence.
Mr. Vona lectures nationally and internationally on fraud risk assessments, fraud investigation, fraud prevention, and detection, and fraud schemes perpetrated on companies. He regularly speaks at audit conferences and has developed the Fraud Training Curriculum for the MIS Training Institute, an internationally recognized audit training organization. Mr. Vona has provided more than 1,000 days of fraud training to organizations around the world. He was previously on the faculty of Lally School of Management at Rensselaer Polytechnic Institute. He has written the training course on Auditors' Responsibility for Detecting Fraud – SAS99 used by CPA Societies across the country. His international training experience includes five continents and training through interpreters in Spanish, Portuguese, and Russian.