Houston IIA June 2019 2 Hour Luncheon
Event Details

Houston IIA June Luncheon
June 3, 2019

Registration:  11:15 am - 11:30 am
Lunch: 11:30 am - 12:00 pm
Lunch Presentation: 12:00 pm - 2:00 pm


Petroleum Club of Houston
1201 Louisiana
35th Floor
Houston, TX 77002

Event Description

Topic 1: Fighting Fraud from the Inside Through Audit

Executive Summary: This session will focus on the things internal audit needs to know to fight fraud in their organization - from specific audit techniques and steps that can be embedded in audit programs to awareness and assessment of corporate culture, incentive programs and comparisons to industry performance.

The estimate that 5% of revenue is lost to fraud is a well-known and accepted number. Organizations are increasingly spending more time and effort on fraud awareness and protection. In the past few years, expectations for internal audit have changed dramatically - no longer is “fraud awareness” sufficient. Today, management and the board expect auditors to actively participate in the prevention and detection of fraud in their organization. Leadership rightfully has those expectations, and no group is better positioned to help fight fraud in an organization than internal audit. Auditors should be the best defense an organization has to fight fraud, if they know how to identify the red flags and actively look for fraud. However, the internal audit industry is still developing fraud fighting skills. This session will cover fraud fighting techniques internal audit can immediately incorporate into their day-to-day auditing approach to catching the Bad Guys and start moving the needle in their own organization to reduce the estimated 5% of revenue lost to fraud.

Learning Objectives:
 - Understanding why identifying fraud requires specific skills and not just “common sense”;
 - Learn why Fraud Risk Assessments – enterprise wide and engagement are critical;
 - Analyze and evaluate internal incentive programs that could lead to fraud;
 - Embed specific tests and methods to identify fraud red flags in audit programs;
 - Understand how internal audit can be one of the most significant fraud deterrents in an organization.

Experience level: Basic

Prerequisites: None

CPE Credit(s): 1 hour

Topic 2: FBI White Collar Investigations

Executive Summary: FBI agents will discuss white collar investigations and provide a case study on money laundering and undercover operations.

Learning Objectives:
  • Overview of white collar crime, money laundering, and undercover operations
  • Techniques utilized by the FBI to investigate white collar crimes
  • Case study

Experience level: Basic

Prerequisites: None

CPE Credit(s): 1 hour