Real-World Frauds Found in Not-for-Profits

Description

Due to the nature of NFPs, fraud may be more common than it seems. Through a comprehensive learning approach using real-world examples, explanations of audit standards and informative case studies, learn how to recognize red flags of fraud in NFPs, including cyber fraud, and your responsibilities when dealing with government fraud. This course analyzes several unique frauds which occurred in the NFP industry.

Highlights

Misappropriation of assets and benefits Pledges and contributions Cyber fraud Personnel fraud Grant expense allocations

Objectives

Recognize how expense allocation policies can be circumvented and lead to possible fraud. Identify how various board incentives and mandates may be possible indicators of fraud. Identify how personnel policies and procedures can be circumvented and lead to possible fraud or abuse.

Designed For

Auditors and accounting and financial professionals of not-for-profit entities



Leaders

Mark Conine

Mark currently serves as the President of Arkansas Development Finance Authority (ADFA), where he is responsible for administering the programs of ADFA, the management and day-to-day coordination of all financial activities, including bond issuance and redemption administration and compliance, investment management, agency budget, financial statement issuance, and supervision of the accounting, finance, loan servicing and purchasing departments. He was previoulsy chief financial officer and vice president of finance and administration at ADFA. Prior to joining ADFA Mark served for over 12 years as the Chief Financial Officer of the Arkansas Student Loan Authority (now a division of the ADFA). He has also served in Corporate Tax at Alltel Communications and practiced in the tax group of KPMG, LLP and Ernst & Young, LLP in Little Rock, Arkansas. Mark received a B.A. in Accounting from Ouachita Baptist University and is a licensed Certified Public Accountant and Certified Global Management Accountant. He is a member of the Arkansas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Mark enjoys serving as a continuing professional education instructor in the areas of fraud, ethics, data analytics, and identity theft for the Arkansas Society of Certified Public Accountants and is a frequent speaker at state and local CPE conferences. Mark was named the Arkansas Society of Certified Public Accountants Mac Angel Discussion Leader for 2018. Mark gives back to his alma mater, Ouachita Baptist University, serving as a member of the Hickingbotham School of Business Alumni Board. Mark also serves on the Board of the Arkansas Baptist Foundation.