SESSION 2
Morning Session 10:25 am-12:05pm
(CPE Credit: 2 Hours in Behavioral Ethics)
Joe Lakatos Presents:
"Counteractive Control Training - the Missing Link in Fraud Prevention and Ethics Programs"
This presentation explores practical applications of ethical orientations in business ethics programs. While most business ethics programs are oriented toward the risk that fraud may not be prevented and detected, other ethical orientations are often under emphasized. The reason for this is that most research has focused on the ethical practices comprising a minimally effective ethics program as defined by federal compliance guidelines. We provide evidence that most business ethics programs under emphasize the latent risk of rationalization in the workforce. Despite the use of ethical practices such as pre-employment screenings, ethical violations persist, with over 90% of fraud committed by perpetrators with no prior criminal record. We will demonstrate that businesses should incorporate counteractive control training in their business ethics programs to reduce this risk. We will walk attendees through the nuances of counteractive control training while illustrating its ability to increase the decision maker’s resolve to behave ethically when faced with personal or organizational pressure.
- Understand the differences between compliance based and value-based ethics programs and their respective strengths and shortcomings.
- Develop an appreciation of the latent risk of rationalization in the workforce and the role counteractive control training can play in minimizing this risk.
- Explore how counteractive control training should be conducted in an organization
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.