Skip to main content
Live Webcast Replay

Prevention & Detection of Fraud In Small Businesses


Total Credits: 4 including 4 Auditing- Technical

Average Rating:
   44
Categories:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
Dennis F. Dycus, CFE, CPA, CGFM
Course Levels:
Intermediate
Duration:
4 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

As reported in the Association of Certified Fraud Examiners Occupational Fraud 2022:  A Report to the Nations, on average, small businesses lose 5% of their revenue due to fraud.  Can the average small business owner afford to lose 5% of their revenue due to fraud?  I think not.  This presentation is designed to illustrate the numerous ways employees commit fraud in small businesses, how to detect it, and most importantly, how to prevent it.  Both auditors and small business owners would both benefit from this presentation.

Basic Course Information

Learning Objectives
  • Identify the opportunities to commit fraud in a small business environment
  • Understanding how to address just four weaknesses could reduce the opportunity to commit fraud by an average of 75%
  • Observe behavioral red flags often exhibited by fraud perpetrators
  • Analyze the control environment
  • Recognize the number one internal control weakness that is often present in small businesses
  • Design effective internal controls to reduce material fraud in small businesses

Major Subjects
  • The importance of the control environment
  • The three most common behavioral red flags exhibited by perpetrators
  • Why it is much more cost effective to prevent fraud than it is to detect fraud
  • The reason why the small business owner/auditor should think about how they would steal
  • Who steals and why
  • Common myths about stealing that are not true
  • Understanding the concept of risk management

Course Materials

Faculty

Dennis F. Dycus, CFE, CPA, CGFM's Profile

Dennis F. Dycus, CFE, CPA, CGFM Related Seminars and Products


Mr. Dennis F. Dycus, CFE, CPA, CGFM, presently serves as the Director of the Division of Municipal Audit for the Office of the Comptroller of the Treasury, State of Tennessee. The Division is responsible for the annual audit of all municipalities, utility districts, school activity and cafeteria funds, housing authorities, certain not-for-profit organizations and other quasi-governmental entities in the State of Tennessee. In addition, the Divisions staff conducts numerous audits for fraud, waste and abuse each year.

From the beginning of his career with a national accounting firm, through the last 37 years of involvement with the audits of all forms of governmental entities, he brings a wealth of practical experience to his presentations. A graduate of Western Kentucky University, Mr. Dycus is a frequent guest speaker/lecturer for various college business/accounting classes, professional associations, local, state and national conferences and not-for-profit organizations. In 1996, the Eta Omicron Chapter of Beta Alpha Psi presented him with the Distinguished Alumnus Award in recognition of his support of the WKU Accounting Department.

A 1986 graduate of the Tennessee Government Executive Institute, Mr. Dycus is an active member of the American Institute of Certified Public Accountants where he previously served on the Members in Government Committee, the Ad Hoc CPE Curriculum Task Force on Government and the National CPE Curriculum Subcommittee. He is also a member of the Tennessee Society of Certified Public Accountants, the Association of Government Accountants, where he previously served as chapter president; the Government Finance Officers Association, and the Association of Certified Fraud Examiners, where he also served as chapter president and is a former member of both the Associations Board of Regent and ACFE Foundation as well as a member of their instructor faculty on a national basis. In June, 2005, the Middle Tennessee Chapter honored him with the designation of president emeritus in recognition of his longstanding contributions to the chapter.

For the last several years, Mr. Dycus has developed and/or conducted training programs in all fifty states, Puerto Rico, Guam, Canada and Europe, for organizations such as the Association of Certified Fraud Examiners; the American Institute of Certified Public Accountants; numerous state CPA societies; the Government Finance Officers Association; the Association of Government Accountants; the National Association of State Auditors, Comptrollers and Treasurers; Westcott Communications, Inc.; the Organization for Security and Co-Operation in Europe; New York Presbyterian Hospital; IBM; HCA; NYC Presbyterian Hospital, Saturn, Inc.; the US Department of Labor; the Government Accountability Office; the Internal Revenue Service; Bisk Education, Inc.; Nichols Education, Inc.; numerous state audit organizations and individual professional firms. He is a frequent speaker at various professional conferences, both on a local and national level.

In 1989 and again in 1997, he was the recipient of the AGA's, National Education and Training Award and has been presented with several Outstanding Discussion Leader Awards by both the Tennessee and Florida Societies of Certified Public Accountants. In 1998 he was honored with the Association of Certified Fraud Examiners, Distinguished Achievement Award for his meritorious service in the detection and deterrence of fraud and in 2001 was one of only three individuals to receive the designation as a Fellow of the Association of Certified Fraud Examiners in recognition for his contribution to expanding the Associations body of knowledge toward the detection of fraud. In 2003 he was the recipient of the Tennessee Society of CPAs first ever, Outstanding CPA in Government Award and in 2004 received the Association of Certified Fraud Examiners Outstanding CFE in Government Award. In 2009 he was recognized as a Friend of the Association by the Tennessee Association of Utility Districts for his contribution to the utility industry in Tennessee. This was only the second such recognition the association had made in its 52 year history.

In addition, he has authored articles on auditing for fraud for national publications.


Dates

Fri, Dec 08, 2023 - 08:00am to 12:00pm MST
Tue, Dec 19, 2023 - 05:00pm to 09:00pm MST
Wed, Dec 27, 2023 - 10:00am to 02:00pm MST
Sat, Dec 30, 2023 - 08:00am to 12:00pm MST
Tue, Jan 09, 2024 - 08:00am to 12:00pm MST
Fri, Jan 26, 2024 - 10:00am to 02:00pm MST
Wed, Feb 14, 2024 - 12:00pm to 04:00pm MST
Mon, Feb 26, 2024 - 02:00pm to 06:00pm MST
Tue, Mar 05, 2024 - 04:00pm to 08:00pm MST
Sat, Mar 09, 2024 - 08:00am to 12:00pm MST
Wed, Mar 20, 2024 - 10:00am to 02:00pm MDT
Wed, Apr 10, 2024 - 12:00pm to 04:00pm MDT
Tue, Apr 30, 2024 - 02:00pm to 06:00pm MDT
Fri, May 10, 2024 - 08:00am to 12:00pm MDT
Tue, May 28, 2024 - 10:00am to 02:00pm MDT
Thu, Jun 06, 2024 - 04:00pm to 08:00pm MDT
Sat, Jun 08, 2024 - 08:00am to 12:00pm MDT
Fri, Jun 14, 2024 - 02:00pm to 06:00pm MDT
Mon, Jun 24, 2024 - 08:00am to 12:00pm MDT
Sat, Jul 13, 2024 - 10:00am to 02:00pm MDT
Mon, Jul 29, 2024 - 12:00pm to 04:00pm MDT
Mon, Aug 05, 2024 - 02:00pm to 06:00pm MDT
Fri, Aug 23, 2024 - 08:00am to 12:00pm MDT
Mon, Sep 16, 2024 - 10:00am to 02:00pm MDT
Sat, Sep 28, 2024 - 08:00am to 12:00pm MDT
Mon, Sep 30, 2024 - 12:00pm to 04:00pm MDT
Mon, Oct 14, 2024 - 02:00pm to 06:00pm MDT
Thu, Oct 31, 2024 - 04:00pm to 08:00pm MDT
Mon, Nov 04, 2024 - 10:00am to 02:00pm MST
Thu, Nov 21, 2024 - 12:00pm to 04:00pm MST
Thu, Nov 21, 2024 - 04:00pm to 08:00pm MST
Thu, Dec 05, 2024 - 12:00pm to 04:00pm MST
Thu, Dec 05, 2024 - 02:00pm to 06:00pm MST
Mon, Dec 16, 2024 - 08:00am to 12:00pm MST
Mon, Dec 16, 2024 - 02:00pm to 06:00pm MST
Thu, Dec 26, 2024 - 10:00am to 02:00pm MST
Thu, Dec 26, 2024 - 05:00pm to 09:00pm MST
Sat, Dec 27, 2025 - 08:00am to 12:00pm MST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

External and internal auditor, fraud examiners


Original Recording Date 10/2022
Course Developer Dennis F. Dycus
Date Added to Catalog 09/20/2022
Yellow Book No

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. 


Promo Video

Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 44

Comments

Monica R

"Liked the real life stories and scenarios."

Orrock A

"VERY ENGAGING - LEARNED A FEW MORE AREAS TO CHECK FOR FRAUD"