Spring Seminar Presented by Courtenay Thompson A New Look at Fraud for Auditors Addressing Corruption and Conflicts of Interest

April 19-20, 2016 Class Time 8:30 a.m. to 5:00 p.m. Registration and refreshments begin at 8:00 a.m.

CPEs: 8 per day (16 for both days)

Early Bird Cost (before March 1st):

Members: $175 for 1 day only (200 after early bird)

Non-Members: $225 for 1 day only ($250 after early bird)

$300 for both days ($350 after early bird)

$400 for both days ($450 after early bird) Location:

Roanoke Higher Education Center 108 N. Jefferson Street, Room 408 Roanoke, VA 24016 Please R.S.V.P to Tammy Spradlin ([email protected]) by Monday, February 29, 2016 in order to receive early bird pricing! (Registration form attached.) Send payment postmarked by February 29, 2016 to:

Carlton Courtney, Chapter Treasurer

c/o Carilion Clinic Internal Audit 213 South Jefferson Street, Suite 1201 Roanoke, Va. 24011

Day 1 A New Look at Fraud for Auditors The world economy has survived fraudulent financial reporting, bribery and public corruption, money laundering and Ponzi schemes, tax fraud and contractor fraud as well as a seemingly endless parade of remarkably large embezzlements. The response of legislation, regulation and enforcement has been largely ineffective. Some fraud cannot surface until it has grown so large that it can no longer be ignored, or until investigative journalists get involved. Where is management while all this is happening? And the board? And the regulators? And the auditors? Exceptional auditors who successfully address fraud without becoming “gotcha” auditors provide a great service to their organizations and enjoy professional satisfaction. This one-day seminar takes a fresh look at fraud and explores factors contributing to fraud growing and going undetected. It will provide practical approaches auditors can use to deter and detect fraud.

Topics covered include: • • • • • • • •

Fraud related roles for auditors and management How to address current fraud-related risks Fraud involving third parties Getting commitment from management and others How to overcome barriers to addressing fraud How to see what others don’t Detecting fraud in routine audit activity Using data mining and analytics

The seminar will include case examples and exercises designed to reinforce concepts presented, along with suggestions and materials auditors can use to gain buy in from management.

Day 2 Addressing Corruption and Conflicts of Interest The news media is overflowing with tales of corruption. Matters too often go unaddressed until they become too big and too obvious to be ignored or until embarrassing questions are asked. What is going on? How can our systems fail us? How can leaders fail to notice the obvious? How can stewards of government and corporate assets tolerate theft by their colleagues, or worse, enrich themselves improperly? Attendees will explore corruption including bribery methods and tactics used to carry out and conceal wrongdoing. Learn how to build detection into audit activity, and what some have done to change their culture to reduce corruption and conflict of interest. Case examples and exercises are designed to reinforce concepts presented. This one-day course covers: •

A model for addressing fraud challenges.



What can go wrong in contracting?



Transparency and surfacing problems.



Case studies in kickbacks and pay to play.



Abuse of authority.



Conflict of interest.



Practical approaches to gifts and entertainment.



Building detection of procurement fraud into routine audits.



Using data mining for kickbacks and conflict of interest.



Lessons from around the world related to construction, IT and other contracting.



Suggestions auditors can use to help managers change the culture.

Courtenay M. Thompson Jr. Mr. Thompson is a recognized authority on training managers, auditors, and investigators in fraudrelated matters. He has designed and presented courses on fraud prevention, detection and investigation for business and government organizations worldwide. His courses are known for providing practical, proven approaches to real problems. These practical approaches have yielded dramatic results for class attendees. Although best known for training auditors in effectively meeting the challenge of fraud, Courtenay also develops and conducts courses on improving audit effectiveness, audit interviewing, behavior and communication skills, and contract auditing. He is the co-developer with R. L. Townsend, of a series of courses on audit and control of construction costs. He is also co-developer with Richard Stohl of a series of courses on audit and control of health benefits administration. For 13 years, Mr. Thompson was editor of "Fraud Findings" in The Internal Auditor magazine. Mr. Thompson's experience prior to entering the consulting field includes public accounting, audit supervisor for consumer financial services for a large retailer, and director of auditing for a life insurance company. His career in public accounting and internal auditing provided exposure to a number of types of impropriety including embezzlement, insurance fraud, loan fraud, stock fraud, kickbacks and bribery, misappropriation of funds, and mail fraud. In addition to personally detecting and investigating suspected fraud cases; he established corporate policies for fraud and trained other auditors in fraud detection and investigation. Responsibilities included working with top management and reporting to the audit committee on the status of open cases. He has worked closely with legal counsel, law enforcement and prosecutors. Courtenay Thompson received his BBA and MBA degrees from Southern Methodist University and is a Certified Public Accountant. He is a member of the Institute of Internal Auditors, Inc. For more information on Courtenay Thompson, please visit his website http://www.ctassoc.com/

Spring CPE Registration Form Seminars:

A – A New Look at Fraud for Auditors (April 19, 2016, 8:30 a.m. - 5:00p.m.) [8 hrs] B – Addressing Corruption and Conflicts of Interest (April 20, 2016, 8:30 a.m. - 5:00p.m.) [8 hrs]

Speaker: Location:

Courtenay Thompson Roanoke Higher Education Center 108 N. Jefferson Street, Room 408 Roanoke, VA 24016 (540) 767-6000

CPE Hours: 8 (one seminar) or 16 (both seminars) Cost:

Early Bird Pricing (ends February 29, 2016) One seminar only (A or B) - $175 per member or $225 per non-member Both seminars (A & B) - $300 per member or $400 per non-member Regular Pricing (March 1, 2016 and after) One seminar only (A or B) - $200 per member or $250 per non-member Both seminars (A & B) - $350 per member or $450 per non-member

Materials:

Course materials will be distributed at the seminar.

Food:

Lunch, sodas, water, & snacks provided each day

Deliverables: R.S.V.P. - Registration form/s to Tammy Spradlin ([email protected]) Fees – mail checks payable to the ‘IIA – Southwest Virginia Chapter’ to: Carlton Courtney Chapter Treasurer c/o Carilion Clinic Internal Audit, 213 South Jefferson Street, Suite 1201 Roanoke, VA 24011 Employer or Firm Name Mark only ONE box for each attendee.

Participant/s:

Member (IIA)?

A only (8 hours)

B only (8 hours)

Both A and B (16 hours)

1 2 3 4 5 6 7 8 9 10

Total Registration Fees  $

Cost