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Today’s Presenters
Joe Howell
Co-Founder, EVP Workiva
Kelly Richmond Pope
CPA, Ph.D. Associate Professor, DePaul University Chief Content Officer, Helios Digital Learning
Learnings from Dixon, IL: How to detect and prevent financial - - PowerPoint PPT Presentation
Learnings from Dixon, IL: How to detect and prevent financial - - PowerPoint PPT Presentation
Learnings from Dixon, IL: How to detect and prevent financial reporting fraud Todays Presenters Kelly Richmond Pope Joe Howell CPA, Ph.D. Co-Founder, EVP Associate Professor, DePaul University Workiva Chief Content Officer, Helios
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Obtaining Your CPE Credit
- One hour of CPE credit
- Four attendance questions asked during webinar
- Logged in with correct contact information
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Learnings from Dixon, IL: How to detect and prevent financial reporting fraud
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About Kelly
- Founder, Helios Digital Learning
- Associate Professor of Accounting, DePaul University
- Documentary filmmaker
- Forensic storyteller
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My Fraud Story
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Workplace Employee Crimes
- Anti-organizational
- Pro-organizational
- Non-aligned organizational
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Anti-Organizational
- Driven by the desire to harm others and result in
gain
- Acts include:
- Workplace deviance
- Minor infractions
- Filing false expense statements
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Pro-Organizational
- Crimes committed with the intent to benefit one’s
- rganization
- Employees may participate to:
- Advance their company’s reputation
- Meet financial goals
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Pro-Organizational
- Acts include:
- Overstating revenues to strengthen a company’s
position among shareholders
- Customer deceit to increase product sales
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Non-Aligned Crimes
- Primary motive is for personal gain
- Committed by employees at higher levels such as managers
- r executives who have access to information
- Examples include organizational corruption including
accepting bribes and insider trading
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Before Rita Crundwell
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Dixon’s Mistakes
- Ignoring a lavish lifestyle
- Lack of review
- No one questioning the budget
- Failure to share duties
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The Settlement
3.85 MILLION 35.15 MILLION
Janis Card & Associates 1 MILLION
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Fraud Can Happen in Organizations When…
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Too Many Moving Parts
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How Can Technology Help?
- Automation reduces risk (manual processes can lead to fraud)
- Tying reports together
- Ability to trace changes
- Making information easier to understand
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