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Bribery and Corruption: It CAN Happen in Your Organization


Total Credits: 2 including 1 Accounting (Governmental) - Technical, 1 Auditing (Governmental) - Technical

Average Rating:
   144
Categories:
Accounting and Auditing |  ACPEN Industry Institute |  Industry
Faculty:
David L. Cotton, CPA, CFE, CGFM
Course Levels:
Intermediate
Duration:
2 Hours
License:

Dates


Description

If your organization buys things, you are at risk of being victim to a wide variety of bribery and corruption schemes.  If your organization sells good or services, you might be engaged in such schemes and not realize it.  This session will explain what these fraud schemes are, examine three recent case studies, list the red flags associated with these schemes, and identify key safeguards to have in place to prevent or detect such schemes.

Basic Course Information

Learning Objectives

* Understand the various types of correction and bribery schemes that can take place in any organization

* Understand why most organizations are at risk of becoming a victim of bribery & corruption schemes

* Study three recent, real-world cases of bribery and corruption

* Understand the many red flags that might indicate that a bribery or corruption scheme is happening

* Understand the several important safeguards that every organization should have in place to minimize the risks of bribery and corruption


Major Subjects

* Bribery

* Corruption

* Public corruption

* Kickbacks

* Bid rigging

* Economic extortion

* Conflicts of interest

* ACFE Fraud Classifications

* Red flags

* Safeguards


Course Materials

Faculty

David L. Cotton, CPA, CFE, CGFM's Profile

David L. Cotton, CPA, CFE, CGFM Related Seminars and Products


Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accoun­tants, headquartered in Alexan­dria, Virginia.  The firm was founded in 1981 and has a practice concentration in assist­ing Federal and State government agencies, inspectors general, and government grantees and contractors with a variety of govern­ment program-related assurance and advisory services.  Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numer­ous other Federal and State organizations, programs, activities, and functions. 

Cotton & Company’s Federal agency audit clients have included the U.S. Government Accountability Office, U.S. Navy, U.S. Marine Corps, U.S. Transportation Command, U.S. House of Representatives, U.S. Capitol Police, U.S. Small Business Administration, U.S. Bureau of Prisons, Millennium Challenge Corporation, U.S. Marshals Service, and Bureau of Alcohol, Tobacco, Firearms and Explosives.  Cotton & Company also assists numerous Federal agencies in preparing financial statements and improving financial management, accounting, and internal control systems.

Dave received a BS in me­chanical engineering (1971) and an MBA in management science and labor rela­tions (1972) from Lehigh University in Bethle­hem, PA.  He also pursued gradu­ate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978).  He is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Certified Government Financial Manager (CGFM).

Dave served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards—GAO’s yellow book) from 2006 to 2009.  He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide.  He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention. Dave is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Gov­ernmental Accounting and Auditing Com­mit­tee and the Government Technical Standards Subcom­mittee of the AICPA Profes­sional Ethics Execu­tive Commit­tee.  Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide. 

Dave served on the board of the Virginia Society of Certified Public Accountants (VSCPA) and on the VSCPA Litigation Services, Professional Ethics, Quality Review, and Governmental Accounting and Auditing Committees.  He is a member of the Association of Government Accountants (AGA) and past-advisory board chairman and past-president of the AGA Northern Virginia Chapter and currently serves on the AGA Professional Ethics Board.  He is also a member of the Institute of Internal Auditors and the Association of Certified Fraud Examiners (ACFE).

Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. 

Dave has spoken frequently on cost accounting, professional ethics, and auditor fraud detection responsibilities under SAS 99, Consideration of Fraud in a Financial Statement Audit.  He has been an instructor for the George Washington University masters of accountancy program (Fraud Examination and Forensic Accounting), and has instructed for the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts). 

Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of fraud examination …  based on their contributions to the ACFE, to the profession, and to the community”); AGA’s 2012 Educator Award (“to recognize individuals who have made significant contributions to the education and training of government financial managers”); and AGA’s 2006 Barr Award (“to recognize the cumulative achievements of private sector individuals who throughout their careers have served as a role model for others and who have consistently exhibited the highest personal and professional standards”).


Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

Internal and external auditors at all levels; Accounting and accountability personnel at all levels; Risk and compliance management personnel at all levels


Original Recording Date

01/09/2018


Yellow Book

Yes


Course Developer

David L. Cotton, CPA, CFE, CGFM


Date Added to Catalog

01/05/2018


Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

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Overall:      4.6

Total Reviews: 144

Comments

Stump C

"Thank you."

Colleen S

"Excellent case studies"

Neil D - Pensacola, Florida

"David Cotton knows his stuff! Highly recommend this presentation."

Jeffrey H

"great course -highly recommend! "

Anthony G - Austin, Texas

"Sessions were excellent!"

Robert L - Tavernier, Florida

"Nice course"

Michelle B

"Case studies presented were very interesting and kept me engaged in the learning discussion."

Nancy G

"David Cotton is a great speaker, interacts well with Mario Flores. Very timely subject!"

Ivan M - El Paso, Texas

"I would be interested in David Cotton's other presentations. "

Lori Franckowiak L

"Mr. Cotton presentation and material were fantastic. The cases discussed reinforced the learning objectives of the course to recognize the red flags when they are in plain site or hidden. Thank you the two hours flew by leaving me wanting more stories from David Cotton."