Governance, Risk Management, Compliance (GRC)
Analyzing Financial Statements for Fraud
September 12, Friday 10:00 AM PDT | 01:00 PM EDT
This webinar will provide attendees insights on analyzing financial statements and reports for fraud. Attendees will learn to look at a financial statement with a knowledgeable outlook to understand its author's motives.
Why Should You Attend:
Unscrupulous business people often produce fraudulent and misstated financial statements when:
- attracting investors to the company
- obtaining financing and/or credit extensions for a business
- avoiding default on loan covenants
- selling a business
- involved in litigation
- trying to avoid disclosing failed management decisions
- increasing their personal compensation through bonus plans
In this webinar, seasoned fraud buster, Craig L. Greene, will discuss methods to detect fraudulent and misstated financial statements. The webinar will highlight key areas that can be manipulated in a financial statement and train participants in looking out for these details with a keen eye.
It will also help participants understand the legal repercussions of fraudulent financial reporting and how to raise red flag on identifying it. The session will conclude with a Q&A session, which will open doors for further discoveries. Sign up now.
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)
Draw from real world experiences in this interactive workshop to learn how to detect, investigate and prevent fraud. You'll walk away with the top five steps to prevent fraud, best practices for internal controls to mitigate risk, and tools to help you build an actionable plan for your organization. You will be presented with the moment of discovery of an actual fraud case.
Then as part of a group, you will:
• Theorize a possible fraud scheme and decide how to investigate.
• Identify the weaknesses in internal control that allowed the fraud to occur.
• Design changes to the system of internal control to mitigate the risk.
• Explore pragmatic methods for implementing recommended changes.
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: