Descriptions

Part 1 (2:00-3:00)

A single case of occupational fraud costs government organizations a median of $100,000, according to the Association of Certified Fraud Examiners (ACFE) 2020 Report to the Nations. But why are governments so vulnerable? Join us to find out.

This session will discuss the latest fraud trends, how to spot red flags in supporting documentation which may be indicative of fraud, and preventative measures that governments can implement to reduce their risk for fraud. Using actual case studies, we’ll demonstrate how to identify various types of fraud.  We’ll share the story for each case, including how it was discovered and how it could have been prevented.

Part 2 (3:00-4:00)

Using multiple schemes at not just one, but two Ohio Department of Developmental Disability centers, Business Administrator Doug Carter misappropriated $440,000 from Ohio taxpayers and center residents.  Carter spent this money extravagantly on cars, jewelry, and plastic surgery.  An investigation of the matter was opened due to a tip received from the Credit Union of Ohio.  Surprisingly, investigators discovered significant red flags of Carter’s actions were missed by both developmental centers and agency management over a 2 ½ year period.  This session examines how investigators used digital accounting records, hard copy documents, and surveillance footage to obtain the evidence needed to convict Carter of multiple offenses in two different counties and discusses why the developmental centers and agency management should have discovered Carter’s actions much earlier.

Learning objectives

Part 1

1. 1.   Recognize fraud trends and common schemes perpetrated against organizations.

1. 2.   Recognize red flag anomalies within documentation which may be indicative of fraud.

1. 3.   Outline preventive steps that can be taken to mitigate fraud risk.

    

   Part 2

    
2. Examine the need for internal control systems and how to evaluate for weaknesses.
3. Provide information on how to identify red flags of potential theft or fraud.
4. Provide information on how to recognize indicators of record manipulation when using QuickBooks.
5. Discuss how to evaluate one’s organization about where fraud could occur.