Free Webcast**: Building a Fraud-Resistant Organization
Event Date: January 8, 2015
Event Time: 1:00 PM - 2:30 PM Eastern
Recommended CPE Credits: 1.5
Recommended NACD Skill-Specific Credits: 2
Field of Study: Auditing (AU)
Prerequisite: A basic understanding of Corporate Management, Risk Management and Corporate Governance
** Earn free CPE or NACD Skill-Specific Credit
Financial reporting fraud can prove costly for investors and other capital market stakeholders. This webcast will explore a new Anti-Fraud Collaboration report, The Fraud-Resistant Organization: Tools, Traits, and Techniques to Deter and Detect Financial Reporting Fraud. The report takes a fresh look at best practices for fraud deterrence and detection, highlighting the critical importance of collaboration on this issue between and among the key players in the financial reporting supply chain.
Join our panel of experts as they bring life to the three central themes of The Fraud-Resistant Organization—strong “tone at the top,” skepticism, and robust communications—and explain how financial supply chain participants can incorporate these important techniques into their respective roles.
Panelists will also address the challenges that multinational companies face in executing effective fraud deterrence and detection programs. As discussed in The Fraud Resistant Organization, these challenges include language barriers, differing cultural norms, and conflicting regulatory requirements.
We encourage all of the key players in the financial reporting supply chain—audit committee members, financial executives, internal auditors, and external auditors—as well as compliance professionals, to register for this informative program.
Learning Objectives: Provide perspective on the three central themes of the Anti-Fraud Collaboration’s recently published report, The Fraud-Resistant Organization. Panelists will share their insights into how successful organizations establish and reinforce an ethical tone at the top, the exercise of skepticism, and robust communications in an effort to mitigate the risks of financial reporting fraud. The panelists will also address some of the challenges that multinational companies face in executing effective fraud deterrence and detection programs.
Center for Audit Quality
Cindy Fornelli is the Executive Director of the Center for Audit Quality. The Center for Audit Quality was founded to serve investors, public company auditors and the capital markets through its involvement in audit-related policy making and outreach. Cindy is responsible for carrying out the mission and vision of the Center's Governing Board, which is comprised of eight leaders from public company audit firms, the American Institute of CPAs (AICPA) and independent public members.
National Association of Corporate Directors
President & CEO
Ken Daly is the president and CEO of the National Association of Corporate Directors (NACD), a position he has held since May 2007. As head of the nation's largest member -based organization for board directors, Daly is a recognized expert on corporate governance and board transformation. Under his leadership, NACD has grown in size and in scope, more than doubling its revenue and increasing membership by nearly 100 percent.
Senior Vice President & General Auditor
Karl Erhardt is the Senior Vice President & General Auditor for MetLife. In this capacity, Karl has an independent relationship with the Audit Committee of MetLife’s Board of Directors. He manages a team of audit professionals responsible for providing objective evaluations and advice on the system of internal controls and advocating for a global risk management framework. He joined the company in October 2002.
Financial Executives International
Vice President, Research and Accounting Policy
Tracy is the Vice President, Research and Accounting Policy at Financial Executives International (FEI). In this role she directs the activities of the association’s accounting policy initiatives and oversees the work of its Committee on Corporate Reporting, Committee on Governance, Risk and Compliance, Committee on Finance and Information Technology, and the Committee on Private Company – Standards. Tracy has over twenty years of accounting, finance and compliance experience spanning the financial services, insurance, broker/dealer and cooperative energy industries.
Crowe Horwath LLP
Managing Partner, U.S. Audit Services
Rick is the managing partner of U.S. audit services at Crowe Horwath LLP. In this capacity, he is responsible for all personnel who are performing audits, including audits of a substantial number of public companies. Crowe’s U.S. audit services are delivered by close to 1,000 professional through more than 25 offices. He currently serves as a member of Crowe’s Management Committee, and has served two elected terms on the Executive Committee, which is Crowe’s Board of Directors.