A recent survey report, Fraud in the Wake of COVID-19: Benchmark Report, prepared by the ACFE, explains that recent events have opened the door to increased pressure, reasonings and opportunities that can lead to occupational fraud. Across all classes of fraud schemes 68% of survey respondents reported increases in fraudulent activity as of May 2020 and 93%o reported they expect an increase in fraud over the next 12 months.
To guide auditors in running detective controls, join Mark Nigrini, West Virginia University Professor and author, and Jeffrey Sorensen, Industry Strategist, for an exclusive review of the fingerprints of fraud numbers. This two-person team will review seven categories of fraud numbers and will demonstrate how to identify these types of numbers using audit software.
CPE: This event offers 1 CPE credit distributed by CaseWare
Dr. Mark Nigrini, PhD
Author, Professor, Forensic Analyst Authority
Dr. Mark Nigrini is an associate professor at the John Chambers College of Business and Economics at West Virginia University. His research passion is Benford's Law and his current research addresses advanced theoretical work on Benford's Law, CFO fraud, and the use of analytics in auditing and forensic accounting.
Mark has published papers on forensic analytics in the Journal of Accounting, Auditing, and Finance and Auditing: A Journal of Practice and Theory. His work has been featured in The Financial Times, New York Times, and The Wall Street Journal. His radio interviews have included the BBC in London, and NPR in the United States. He is a regular presenter at the ACFE's Global Conferences. He also regularly presents workshops for accountants and auditors in the U.S and abroad with recent presentations in Panama, Bahrain and Italy.
Jeffrey Sorensen, CIA, CISA
Jeff Sorensen joined CaseWare in August 2016 as the Product Manager and is now in a strategic role as an Industry Strategist. Jeff has over 20 years of experience as IT consultant and Auditor in insurance, banking, utilities, government and online services. Jeff has earned certifications and designations in IT, auditing and security from the ISACA, the IIA and from CaseWare (CIDA-CISE and Certified trainer for more than 10 years).
In this informative and engaging presentation, attendees will:
- Learn the seven categories of fraud numbers
- Understand which categories are linked to specific types of schemes
- Optimize the steps needed to run the tests
- Interpret the results to identify audit targets
- Apply a second layer of steps to reduce the number of false positives