Personnel involved in the purchasing & payables processes are responsible for substantial cash outflow, yet in many organizations these day-to-day processes are not as closely watched as other outlay departments such as Payroll or Treasury. Even where the organization believes controls are strong, personnel and vendors can find their way around the checkpoints. False vendors and intentional overcharges have cost organizations dearly, in some cases over $100 million. Companies have been bankrupted by the actions of a single vendor.
This hands-on session builds off of Detecting Fraud Using Data Analysis; here we dive deeper into a specific process and add to our repertoire of data analysis techniques. Through hands-on exercises and case studies, you will reinforce your learning, and see fraud as we encounter it in the field.
**Please note participants are required to be actively engaged in the class and complete coursework to qualify for CPE credit.**
Who should attend:Auditors, finance personnel, and investigators, who possess the unique ability to defend against fraud, protect their leaders from surprises, and help keep their organizations and clients away from unwelcome media attention.
| Course Level |
Beginner |
| Length |
One Day (8 CPE) |
| Field of Study |
Audit and Specialized Knowledge |
| Delivery Method |
Group Internet-Based |
| Prerequisites |
None |
Scott Langlinais, CPA
Scott Langlinais has dedicated over 20 years of his career as a CPA to fraud detection and investigation. Audit and finance professionals around the world have invited him in-house to assist with investigations and educate personnel about proper fraud detection, prevention, and response. Business leaders from emerging companies to Fortune 500’s, across most industries, have asked him to assess their environment, perform diagnostic tests to detect symptoms of wrongdoing, and design strategies to help defend the organization’s people, reputation, and assets. He has conducted investigations related to executive corruption, bribes & kickbacks, vendor overbilling & underperformance, and employee theft. He regularly reports his findings to Boards of Directors, has submitted his findings to law enforcement organizations such as the U.S. Secret Service, and has testified in court.
Mr. Langlinais employs sophisticated data analysis techniques to sift through system transactions and seek indicators of fraud. Using such techniques, he has helped companies recover millions of dollars from wrongdoing such as intentional overpayments to vendors, unbilled revenues, and corruption.
He speaks regularly about his fraud detection and investigation experiences at conferences hosted by the Institute of Internal Auditors, the American Institute of Certified Public Accountants, the Association of Certified Fraud Examiners, State Auditors, and the Information Systems Audit and Control Association. The International Risk Management Institute has published several of his articles about fraud prevention.
Prior to starting his own practice in 2003, Mr. Langlinais held public accounting and internal audit leadership positions, and served as Chief Audit Executive for a NASDAQ 100 software company. He received a BBA degree from the University of Notre Dame in 1991.
Through hands-on instruction, taught at an optimal learning pace, attendees will learn how to:
- Understand Our Role in Fraud Detection:
- Mindsets that keep people from detecting fraud
- A five-step approach to fraud detection
- Recognize What Can Go Wrong in Purchasing & Payables:
- How to detect procurement card fraud, false vendors, intentional overbilling, and fictitious payment schemes including the newer phishing scams
- Pitfalls and traps to avoid
- Apply Data Analysis Techniques to Case Studies:
- Building logical extractions to target symptoms of problems; identifying curious patterns; practical analyses for detecting violations of statistical laws
- Purchasing and payables fraud cases worth knowing, how to analyze them, and how to build an effective ‘pre-mortem’ testing plan to avoid the same problems
Audimation Services, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of the continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
nasbaregistry.org
For concerns regarding course offerings, certifications or complaints, please contact:
Jennifer Ellison, Training Services Manager at [email protected], 832-327-2067
