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Livestream: Combating Internal Fraud

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Tuesday, March 22, 2022 @ 12:00pm 1:40pm
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Description

Fraud in the workplace is not new, however, statistics show that the number of instances of internally actuated fraud schemes is increasing. Additionally, because of all the changes that have come about due to recent upheaval, fraud risk is at an all-time high. This session starts by reviewing the many reasons that fraud occurs; it then looks at ways to detect internal fraud and finally explores control measures that can help to reduce fraud risk. Those that take the class will learn just how invasive and damaging internal fraud can be. They will also know ways to detect and thwart fraudulent activity.

Objectives

List reasons that employees and others that are internal to an organization choose to undertake fraudulent acts; Discuss the types of control measures that work best as entities strive to mitigate fraud risk, and Understand specific internal control measures that can help to reduce fraud activities

Credits

Category Amount
Accounting&Auditing 2.00


Leaders

Karl W. Egnatoff

Karl W. Egnatoff

Member, Phoenix Beach, LLC Myrtle Beach, South Carolina karl@phoenixbeach.com

Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. During the past 22 years Mr. Egnatoff has worked as a consultant, trainer and as a software engineer while engaged on projects for business organization of all types. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. Before partnering with Pat Garverick to form Phoenix Beach in 2015, Karl presented and created material in association with other quality CPE organizations for approximately seven years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP).

During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these provided services to other organizations in the business community. The experience he garnered while serving these organizations helps him now as he writes and presents continuing professional education through Phoenix Beach.

Mr. Egnatoff is a member of the West Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certifications including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID).

Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college, he participated in division I Cross County competing on the varsity squad. He was also on Marshall’s Track team. Karl and his wife Lana have been married for twenty-seven years. They have two grown sons, Jordan and Steven.