WEBINAR - "Misplaced Trust | Devastating Fraud"

When:  Dec 8, 2022 from 01:00 PM to 02:40 PM (ET)
Associated with  Catawba Valley Chapter

Afternoon Session 1:00 pm – 2:40 pm

(CPE Credit: 2 Hours in Behavioral Ethics)

Royallen Wiley Presents:

"Misplaced Trust | Devastating Fraud"

This course will discuss the IMA Educational Case Journal (IECJ) case study, based on a true story that examines the embezzlement of funds by a high-ranking, trusted administrator in the Beaumont Independent School District (BISD) in Beaumont, Texas. Patricia Adams Lambert diverted more than $500,000 for both personal and a family member’s financial gain. This activity occurred from 2007 to 2013 while she was employed by the BISD. The lack of internal controls at the organization directly contributed to devastating fraud. This case study considers one of the accepted models that can be used to assess and manage risk in an organization, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 Internal Control-Integrated Framework. We also consider the evaluation of an ethical dilemma and working with internal control systems and the IMA Statement of Ethical Professional Practice.

  • Apply COSO's Internal Control - Integrated Framework in evaluating an internal control system
  •  Examine the importance of proper monitoring in an organization
  • Recognize the relationship between proper governance and unethical acts.
  • Determine appropriate steps in resolving an ethical issue.
Download study materials here: Case Study, IMA Statement of Ethical Professional Practice, COSO
Internal Controls - Integrated Framework Principles

Location

Online Instructions:
Url: http://catawbavalley.imanet.org/events/new-item/winter-conference-2022
Login: Login instructions will be provided after registration is complete.

Contact

Ron Nicholson

catawbavalleyima@gmail.com