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Inside Job, Outside Job! Low Tech Fraud in a High Tech World - (Embezzlement, ECheck Fraud & Holder-In-Due-Course)

  • Accountant
  • CPA (CA)
  • CPA/CFF
  • CIA
  • CPA (US)
  • MAFF
  • CFIRS
  • CWS

Published: January, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Profit of an Embezzler
    4 mins
  • Company sued the bank. who won the Lawsuit?
    14 mins
  • Controls to Prevent Fraud
    23 mins
  • Holder in Due Course
    34 mins
  • Controlled check Stock
    42 mins

Course Description

With management focused on BEC scams and other high tech ploys, organizations forget that major losses are created by “low tech” embezzlement schemes, which often go undetected for years. Some companies have gone out of business due to these losses, while others have had layoffs and salary freezes. Victims include the organization’s employees, suppliers, vendors, and families.

Every year, embezzlement causes more losses than the “blockbuster” year before, despite the fact that embezzlement is almost entirely preventable. Different industries and sizes of business experience different types of embezzlement schemes; however, there are many commonalities and “red flags” that are found amongst all organizations. 

This webinar provides an understanding of how:

  • Attitudes of upper management have a significant impact on the prevalence of embezzlement.
  • Check fraud schemes are some of the most prevalent methods of embezzlement.
  • eChecks are a relatively new payment method and was attacked by fraudsters almost upon its launch. 
  • How eChecks work and their vulnerabilities along with their connection to Holder In Due Course and UCC rules.
  • “Old-school” check fraud - the primary form of payment fraud attempts used by fraudsters. It produces more losses than any other form of payment fraud.

This webinar provides guidelines about how CPAs, EAs, Accountants, and Other Accounting, Tax, and Finance professional can support the control requirements of their clients to prevent embezzlement. The webinar cab be a useful addition to the advisory services that such professionals provide.

Learning Objectives

  • To identify the “red flags” of embezzlement schemes, including their commonalities and differences, along with specific practices and protocols to prevent them.
  • To distinct between industries, company sizes, methodologies, etc. while applying practices and protocols to prevent embezzlements.
  • To outline the vulnerabilities of e-Checks and other forms of check fraud.
  • To identify Holder In Due Course rules and how those rules impact their liability for check fraud.
  • To examine real-life fraud situations, including what went wrong and how the losses could have been prevented.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Auditors
  • Certified Public Accountant (CPA)
  • Chief Accounting Officer
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Pros
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Accounts
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
  • 1 CPE Credit for Master Analyst In Financial Forensics (MAFF)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of 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: www.NASBARegistry.org.

Presenter

About Presenter

Greg Litster

President, SAFEchecks: Abagnale Superbuisness Check

Greg Litster is president and founder of SAFEChecks, and is editor of Frank Abagnale’s Fraud Bulletin. Greg is a former banker of 18 years, has written articles published in AFP Exchange, American Payroll Association, American Land Title Association, and Sheshunoff’s Corporate Cash Management  Manual.  He has served as an expert witness on several national and international check fraud and embezzlement cases, and has spoken on fraud prevention across the country for numerous financial institutions and professional organizations, including AFP, GFOA, Texpo, SoCal Expo. Greg earned a Bachelor of Science in Economics and an MBA in Finance, both from Brigham Young University. 

About Company

SAFEchecks: Abagnale Superbuisness Check

www.safechecks.com/

SAFEChecks provides the most secure business and personal checks in the United States and Canada. SAFEChecks has never had a check replicated and used in a check fraud scam. SAFEChecks’ strictly controlled check stock is designed with Frank Abagnale, and includes numerous security features and Secure Ordering Procedures. We also offer secure Check Writing, Positive Pay, and ACH software, which includes Secure Name and Number Fonts to prevent fraudulent additions or alterations. Our software includes signature controls, security features, and a unique Payee Positive Pay Barcode on each check. 

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

1373 Ratings

Excellent

832

Very Good

445

Average

84

Poor

8

Terrible

4

KS

Katherine Sadowski, EA

Jun 23rd, 2022

The instructor was knowledgable and passionate about the subject matter.

AM

Azim Momin, CPA (US)

Jun 17th, 2022

Fantastic

KM

Kyle Minges, CPA (US)

Jun 15th, 2022

Great

JC

Jessica Carlos, CIA

Jun 14th, 2022

easy to follow and gain knowledge from

AD

Angela Daberkow, CPA (US)

Jun 14th, 2022

One of the best CPEs I have ever done!

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