Skip to main content
Live Webcast Replay

What Does Fraud Look Like?


Total Credits: 2 including 2 Auditing- Technical

Average Rating:
   31
Categories:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
Dennis F. Dycus, CFE, CPA, CGFM
Course Levels:
Intermediate
Duration:
2 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

The audit standards state that one of the reasons auditors fail to detect fraud is that they don’t know what it looks like.  Prior to the original SAS No. 82, Consideration of Fraud In A Financial Statement Audit, nowhere in any SAS was there a description of what fraud looked like.  So, as they say, if you don’t know what you are looking for, you can often look right at it and not recognize it!

This presentation illustrates some of the more common indicators of fraud they most individuals would overlook unless they 1) knew what they were looking for and were 2) actually looking for it.  Contrary to what the standards say about fraud being concealed, I have found that fraud is often laying on the table right in front of you; but no one has discovered it because they have no idea what the indicators of fraud are.

Basic Course Information

Learning Objectives
  • Recognize the indicators of fraud
  • Develop and maintain a questioning attitude at all times Analyzing the importance of professional skepticism
  • Understanding the fraud triangle and what segment management can control Illustrate
  • The Perception of Detection Assessing how much we rely on documentation and why we really ask for it

Major Subjects
  • Why auditors fail to detect fraud
  • Usual vs an unusual transaction
  • Why fraud and stupid often look exactly the same
  • The importance of establishing the Perception of Detection
  • The number one reason fraud occurs
  • Looking for things that should be there
  • Looking for things that should not be there

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, Mar 08, 2024 - 12:00pm to 01:50pm MST
Mon, Mar 25, 2024 - 02:00pm to 03:50pm MDT
Fri, Apr 05, 2024 - 08:00am to 09:50am MDT
Sat, Apr 13, 2024 - 08:00am to 09:50am MDT
Mon, Apr 15, 2024 - 10:00am to 11:50am MDT
Wed, May 01, 2024 - 12:00pm to 01:50pm MDT
Mon, May 13, 2024 - 02:00pm to 03:50pm MDT
Sat, Jun 08, 2024 - 08:00am to 09:50am MDT
Tue, Jun 18, 2024 - 10:00am to 11:50am MDT
Wed, Jun 26, 2024 - 12:00pm to 01:50pm MDT
Mon, Jul 01, 2024 - 02:00pm to 03:50pm MDT
Tue, Jul 16, 2024 - 04:00pm to 05:50pm MDT
Tue, Aug 13, 2024 - 10:00am to 11:50am MDT
Mon, Aug 26, 2024 - 12:00pm to 01:50pm MDT
Tue, Sep 03, 2024 - 04:00pm to 05:50pm MDT
Sat, Sep 21, 2024 - 08:00am to 09:50am MDT
Tue, Oct 01, 2024 - 10:00am to 11:50am MDT
Wed, Oct 16, 2024 - 12:00pm to 01:50pm MDT
Sat, Oct 26, 2024 - 08:00am to 09:50am MDT
Wed, Nov 06, 2024 - 02:00pm to 03:50pm MST
Thu, Nov 21, 2024 - 08:00am to 09:50am MST
Tue, Dec 03, 2024 - 04:00pm to 05:50pm MST
Thu, Dec 12, 2024 - 12:00pm to 01:50pm MST
Sat, Dec 14, 2024 - 08:00am to 09:50am MST
Tue, Dec 24, 2024 - 02:00pm to 03:50pm MST
Wed, Jan 15, 2025 - 09:00am to 10:50am MST
Fri, Jan 31, 2025 - 11:00am to 12:50pm MST
Fri, Feb 07, 2025 - 07:00am to 08:50am MST
Sat, Feb 15, 2025 - 08:00am to 09:50am MST
Wed, Feb 19, 2025 - 09:00am to 10:50am MST
Wed, Mar 12, 2025 - 11:00am to 12:50pm MDT
Tue, Mar 25, 2025 - 07:00am to 08:50am MDT
Fri, Apr 04, 2025 - 09:00am to 10:50am MDT
Thu, Apr 17, 2025 - 05:00pm to 06:50pm MDT
Tue, May 13, 2025 - 07:00am to 08:50am MDT
Wed, May 28, 2025 - 09:00am to 10:50am MDT
Mon, Jun 09, 2025 - 11:00am to 12:50pm MDT
Tue, Jun 17, 2025 - 04:00pm to 05:50pm MDT
Sat, Jun 21, 2025 - 08:00am to 09:50am MDT
Fri, Jun 27, 2025 - 09:00am to 10:50am MDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

External and Internal Auditors; Small Business Owners; Not For Profit Administrators


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:      4.6

Total Reviews: 31

Comments

Gene A - Paris, Texas

"This was one of the best fraud courses I have taken. I would gladly take an 8 hour course from Mr. Dycus."

Joe L

"Interesting and excellent presentation. I learned a lot and the course raises my awareness of the importance of the red flags regardless of materiality!"

Lee K - nashville, Tennessee

"Mr. Dycus gave a truly outstanding presentation. I hope to take another course with him as a discussion leader."