Current Hot Topics in Fraud

Forensic Services

Webcast

Current Hot Topics in Fraud

Fraud is on the rise, and both consumers and businesses are at risk. Old scams are being revamped, and new ones emerge. Learn the latest scams and how fraudsters manipulate the system to protect yourself.

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Format

Webcast

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1.5

Instructor

Jonathan T. Marks, Elizabeth Woodward, Tammy Thomas, Jennifer Oyadomari, Fred Kohm

Availability

3 months

Product Number

WC4419929

View

Business & partner

Product Details

In today's interconnected world, fraud is an evolving threat that affects individuals and businesses alike.

As technology advances and societal norms shift, fraudsters devise new and sophisticated schemes to exploit unsuspecting victims.

In this webcast, you'll learn about:

Bank impersonation frauds via text
Companies' ransomware attacks and employee penalties
Rising vendor frauds due to reduced oversight in hybrid work environments
New revenue recognition frauds and related SEC enforcement actions
Unreported cybercrimes, often concealed due to reputational concerns
Global disaster relief fraud fueled by increasing weather events and catastrophes

Key Topics

Cyber scams: spamming and ransomware
Bank impersonation emails and texts
Disaster relief scams
Revenue recognition fraud

Learning Objectives

Identify corporate and consumer cyber scams involving spamming and ransomware.
Recognize bank impersonation scams involving emails and texts.
Distinguish the current cyber fraud and ransomware scams that may be under the radar.
Identify the recent disaster relief fund scams occurring globally.
Identify current revenue recognition frauds and SEC enforcement actions.

Learning Outcomes

CPAs and other financial professionals engaged with fraud-related matters.

More Details

NASBA Field of Study

Accounting

Level

Basic

Prerequisites

none

Access

This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.

Duration

1 hr 15 mins

Pricing

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Group ordering for your team

2 to 5 registrants

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Start order

6+ registrants

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US customers call 1-800-634-6780 (option 1)

Speakers

Jonathan T. Marks

CPA, CFF, CITP, CGMA, CFE and NACD Board Fellow

Jonathan has more than 30 years of experience working closely with his clients, their board, senior management, and law firms on global fraud and misconduct investigations, including bribery, corruption, compliance and other matters. He specializes in internal and regulatory investigations, governance matters, risk assessments, design, and implementation of compliance programs, global fraud risk management programs, compliance coordination, and monitoring services for the private, public, and not-for-profit sectors. Jonathan assists his clients in mitigating potential issues by conduction root-cause analysis, developing remedial procedures, and designing or enhancing governance and compliance systems along with internal controls, policies and procedures and customized training. Jonathan has led high-profile financial, accounting, compliance and regulatory investigations worldwide relating to allegations of accounting irregularities, improper financial disclosures, fraud, non-compliance, bribery, corruption, kickbacks, money laundering, terrorist financing, cyber incidents, and whistleblower matters. Jonathan has provided expert testimony on accounting, damages/lost profits, financial and internal control issues in commercial litigation matters. He has appeared before the United States Securities and Exchange Commission (SEC), Financial Industry Regulation Authority (FINRA), and the United States Department of Justice (DOJ) to present his findings. Jonathan has also led global compliance initiatives, fraud risk or vulnerability assessments, internal audits, third-party risk management initiatives, and due diligence teams.

Elizabeth Woodward

Elizabeth obtained her Master of Business Administration with a concentration in accounting from the University of Kentucky in 1994. She worked in the audit group of KPMG for six years, and joined Dean Dorton in 2000. She has over 25 years of experience in public accounting. Elizabeth leads the firm’s Forensic Group, specializing in bankruptcy accounting matters, litigation support, and forensic accounting services. In addition to her Certification in Financial Forensics (CFF), Elizabeth is a Certified Fraud Examiner (CFE). She has served in several fiduciary roles, including Chief Restructuring Officer, Receiver, and Fee Examiner. She has acted as a Compliance Ethics Monitor/Independent Monitor of a rural electric cooperative, reporting to two branches of the Federal government. Elizabeth has testified in state and federal courts, and currently serves as a Subchapter V Bankruptcy Trustee. Elizabeth teaches professional ethics frequently, for our firm and for the Kentucky Society of CPAs. She also speaks on fraud prevention and detection, and on forensic accounting.

Tammy Thomas

Tammy Thomas is a Director with Marcum. Her practice is focused on forensic accounting and litigation services. Ms. Thomas has been involved in many engagements involving breach of contract, breach of fiduciary duty, accounting malpractice, franchise agreements, shareholder agreements, purchase price adjustments, fraud and intellectual property damages. She has been retained as the expert witness by plaintiffs and defendants in breach of contract disputes and has testified in depositions, at trial in court, and in arbitration.

Jennifer Oyadomari

Jenn is the President and Founder of Forensic Solutions, LLC. She has extensive experience in the areas of forensic accounting, business valuation, and litigation support. She often provides expert witness testimony in Deposition and Trial, and also assists clients during Mediation and Settlement. She earned her Master of Science in Accounting as well as her Bachelor of Science in Business Administration, with an emphasis in Accounting from UNLV. Jenn currently teaches the Accounting 412/612 Fraud Examination class at UNLV, helping to guide the next generation of fraud fighters. Jenn is a licensed CPA in the state of Nevada, a Certified Fraud Examiner, Certified in Financial Forensics, and Accredited in Business Valuation.

Fred Kohm

Frederick J. Kohm, Jr. has over 26 years of experience providing accounting and advisory services to his clients. In his capacity as a National Managing Partner for the Services Industry at Grant Thornton, and local Practice leader for Forensic Solutions in Philadelphia, Fred leads large complex engagements involving technical accounting, and fraud, bribery and corruption issues in Investigations, purchase price disputes, forensic accounting, and corporate compliance services in various industries, including Services, Life Sciences, Technology, Telecom and Media, and Financial Services, for public, privately held and not-for-profit organizations.

Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Current Hot Topics in Fraud

Key Topics

Learning Objectives

Learning Outcomes

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