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Asset Misappropriation - Let Me Count the Ways

Overview

As discussed in the Association of Certified Fraud Examiners’ Occupational Fraud 2022: A Report to the Nations, 86% of all frauds are misappropriation of assets.  Why is the misappropriation of assets so large?  Because there as so many of them it creates many, many opportunities.  And the asset which is stolen the most?  CASH!  Because it’s easy to conceal and you don’t have to convert it.  During this presentation, the many, many different ways to misappropriate (steal) assets and which assets (besides cash) are most subject to misappropriation are discussed as well as how to recognize such and more importantly, how easy it is to prevent it!

Prerequisites

None

Objectives

  • After this session, those individual enrolled will be able to:
  • Recognize the most common Behavioral Red Flags
  • Understand how skimming occurs
  • Recognize assets that are easy to skim
  • Understand why inventory is such a good place to hide asset misappropriations
  • Identify the most common indicators of fixed assets fraud
  • Illustrate how easy check fraud is and how to prevent it

Highlights

  • Identifying opportunity
  • The three most common behavioral red flags that we should always look for
  • The many ways to commit check fraud (it’s so easy)
  • Why inventory is such a good place to hide theft of assets
  • How to cover up inventory fraud
  • Accounts Receivable Fraud and how it works
  • How to count inventory that’s not there

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

5409458

2 CPE Credits
Accounting: 2 Credits

Registration

Member Price:
$79
Non-member Price:
$109

Registration is open through 12/24.

Tuesday, December 24th

6:00pm to 7:49pm

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Instructor

Dennis Dycus