CPA/CFF, CFE, MSA,
Director, Financial Investigation Services, McGovern & Greene LLP
Real World Fraud: Practical Tools for Designing an
Actionable Plan to Fight Fraud
Monday, October 27, 2014 | 1:00 - 4:30 PM (CST)
Drawn from real world experiences in this interactive workshop, attendees learned how to detect, investigate and prevent fraud. They walked away with the top five steps to prevent fraud, best practices for internal controls to mitigate risk, and tools to help them build an actionable plan for their organizations. They were also presented with the moment of discovery of an actual fraud case.
As part of a group, they had:
• Theorized a possible fraud scheme and decided how to investigate.
• Identified the weaknesses in internal control that allowed the fraud to occur.
• Designed changes to the system of internal control to mitigate the risk.
• Explored pragmatic methods for implementing recommended changes.
The American Gaming Association (AGA) released a first-of-its-kind study of the economic impact of the casino gaming industry in its totality. The Associated Press and CNBC have already reported on this groundbreaking new research.
Released as part of AGA's Get to Know Gaming campaign, Oxford Economics found that the U.S. gaming industry:
• Contributes $240 billion— nearly a quarter-trillion—to the U.S.economy, which is equivalent to the total state budgets of New York and Texas combined;
• Supports more than 1.7 million jobs—more than double Washington, D.C.'s total employment—and nearly $74 billion in income;
• Generates $38 billion in tax revenues to local, state and federal governments – enough to pay more than half-a-million teachers' salaries.
Oxford conducted an in-depth analysis on the economic impact, tax revenues and employment figures of commercial casinos, Native American casinos and gaming equipment manufacturers as well as our industry's significant ripple effect, which supports local businesses and communities.
The Association of Certified Fraud Examiners (ACFE) release their
2014 Report to the Nations on Occupational Fraud and Abuse
The Cost of Occupational Fraud
There is considerable attention paid to determining the overall cost of fraud. Executives want to know how significant the risk of fraud is to their companies, anti-fraud professionals need to justify budgets and satisfy performance metrics and the media and general public are curious about just how much money white-collar criminals are taking us for.
This ACFE report is based on 1,483 cases of occupational fraud, as reported by the Certified Fraud Examiners (CFEs) who investigated them. The analysis of these cases provides valuable lessons about how fraud is committed, how it is detected and how organizations can reduce their vulnerability to this risk. Read the 2014 ACFE Report.
The partners and staff of McGovern & Greene LLP are pleased to announce the successful completion of an independent peer review of our accounting and auditing practice. This review was undertaken as a condition of membership in the American Institute of Certified Public Accountants (AICPA), The National Organization of CPAs in public practice, industry, government and education.
Bankers, bonding agents, investors, suppliers, legal advisors and others use the financial statements our firm audits, reviews or compiles. We think those people, our clients, and our own staff deserve independent quality assurance that our firm provides quality services. We are proud of our peer review results and would be happy to answer any questions you might have.
Learn how to maximize recovery under complete or partial termination of contract
In the current political climate, companies that contract with the Federal Government need to be aware of the risks associated with Termination for Convenience (T for C) clauses. McGovern & Greene partner, Jim McGovern, has published a series of articles that specifically address these issues. Whether your company is currently engaged in a government contract, or you're considering bidding on one, you'll want to be fully informed on the specifics of government contracts discussed in Jim McGovern's articles: