SESSION 4
Afternoon Session 3:00 pm – 4:40 pm
(CPE Credit: 2 Hours in Behavioral Ethics)
Joe Lakatos Presents:
“A Cautionary Tale About the Use of Data Analytics to Detect and Prevent Fraud”
Over the past few years, data analytics has become one of the principal tools employed by organizations to detect and prevent fraud. In some organizations, data analytics has proven to significantly reduce the occurrence of fraud. However, in a recent survey conducted by Price Waterhouse Coopers, 43 percent of business leaders have found “little tangible benefit” from the information obtained in data analysis, while 23 percent ‘derive no benefit whatsoever’. This seminar will explore the reasons why data analytics has fallen short of expectations for many entities and demonstrate how data analytics can hamper fraud detection and prevention, and offer methods to prevent this from happening in your organization. Real-world examples will be given during the presentation.
• To appreciate the ways in which data analytics can assist in and hamper fraud detection and prevention.
• To become familiar with the methods used to overcome the pitfalls of using data analytics in fraud detection and prevention efforts.
Joseph P. Lakatos
Joseph P. Lakatos, LL.M, JD, MBA, CPA, CFE, is Professor and Chair of the Accounting and Finance Department at the University of North Carolina at Pembroke. He is formerly the Elingburg Distinguished Professor of Business Innovation and Director of the Center for Entrepreneurship and Innovation at Western Carolina University. He has more than 28 years of industry experience as an attorney, accountant, fraud examiner, risk manager, and/or business consultant. He teaches courses in International Business Law, Commercial Law, Corporate and International Taxation, Corporate Finance, Estate Planning, Financial and Managerial Accounting, Forensic Accounting, Entrepreneurial Finance & Strategy, Regulatory Environment of Certified Public Accountants, Valuations, and Strategic Management. His teaching methods and style have received the North Carolina Board of Governors Award for Excellence in Teaching, Excellence in Teaching Awards for Inspirational Teaching at UNCP and WCU, and Graduate Award for Teaching Excellence at WCU. Dr. Lakatos' research covers the areas of forensic accounting, corporate governance, entrepreneurship, strategy and innovation, leadership, securities regulation, corporate and international taxation, and corporate social responsibility and ethics. His articles have earned several research awards and have been published in, among others, the Harvard Business Review, CPA Journal, China Business Review, Current Topics in Management, and International Journal of Management Cases. He serves as an advisor to entrepreneurs, businesses and not-for-profit organizations, providing seminars and consulting services related to risk management, internal controls, fraud detection and prevention, leadership, corporate governance, strategic management & innovation, and valuation. He also serves his community as a little league coach and volunteer for several charities. Dr. Lakatos holds an LL.M from Boston University School of Law, JD from St. John’s University School of Law, MBA from St. John’s University, and BBA from the University of Notre Dame.
Cancellation Policy: Full refunds will be given for all cancellations made at least 24 hours in advance to webinar event date. In case of event cancellation due to inclement weather, catastrophic event, or any other reason, you will be contacted via email. For any cancellation questions or concerns, you may contact Ellen Knauf @ Ron Nicholson catawbavalleyima@gmail.com.
Please contact Ron Nicholson via email at catawbavalleyima@gmail.com with any problems, concerns or complaints about the webinar event. You may also mail to the attention of Ron Nicholson @ PO BOX 2132, Hickory NC, 28603. Conference webinar evaluation forms will be provided/required.