What CFOs Should Know About Fraud Across Employee Spend Channels

Date: Tuesday, June 06, 2017
Time: 12:00 PM Eastern Daylight Time
Duration: 1 hour

Sponsored by Concur

Webcast Summary

If a company has employees then it has fraud. According to a global study by the Association for Certified Fraud Examiners (ACFE), the typical organization loses 5% of annual revenues to fraud, an incredibly large cost to incur. Occupational fraud is a preventable and controllable enterprise risk; however, every company manages this risk uniquely. How prepared is your organization? Who is responsible? This roundtable discussion, led by industry leaders from the ACFE, will highlight how leading organizations put models and best practices in place to prevent and detect fraud. A leading practitioner from Ford Motors will demonstrate how the most basic financial transactions can be the “red flag” of a more significant fraud problem that puts companies at risk.

During this Webcast, we will discuss:

  • The CFO and the financial organization’s role in preventing and monitoring fraud, an enterprise risk  
  • Uncover how outdated financial processes and technology lead to “weak links”  
  • Best practices and benchmarks used to prevent and detect fraud
  • How to help protect your company from FCPA violations and other penalties that have put fraud on the CEO’s radar

About the Panelists

John WarrenJohn Warren, J.D., CFE, VP and General Counsel, Association of Certified Fraud Examiners

John Warren has served as general counsel of the Association of Certified Fraud Examiners since September 2004. Mr. Warren is responsible for providing guidance, oversight and direction to ACFE management and staff on all legal issues that affect the association. In 2006, Mr. Warren was appointed as an advisory member of the ACFE Board of Regents and in 2009 he was appointed Vice President of ACFE.

Aside from his legal duties, Mr.Warren is also responsible for producing the Report to National on Occupational Fraud and Abuse, a bi-annual report issued by ACFE on the costs and effects of occupational fraud.

Julie LoseeJulie Losee, NA Travel and Business Expense Accounting, Supervisor, Ford Motor Company

Julie Losee is the North America Travel and Business Expense Accounting Supervisor for Ford Motor Company. She is a Certified Pubic Accountant with a BS in Accounting and MBA from Michigan State University. She has worked for Ford for 19 years in a variety of Accounting, Finance and Internal Control roles.

Andi McNealAndi McNeal, CFE, CPA, Director of Research, Association of Certified Fraud Examiners

Andi McNeal oversees the development and production of educational materials related to the prevention, detection, and investigation of fraud. Ms. McNeal is co-author of the ACFE Report to the Nations on Occupational Fraud and Abuse, a bi-annual report on the costs and effects of occupational fraud. Additionally, she is the author of the recurring "What's Your Fraud IQ?" article series in the Journal of Accountancy and has authored numerous other fraud-related articles published in the CPA Journal, Internal Auditor, and Fraud Magazine. Ms. McNeal previously served as the lecturer for the Fraud Examination course at the University of Texas.

Erin GiordanoErin Giordano, Senior Marketing Manager, Enterprise, Concur

Erin Giordano, is the Senior Marketing Manager, Enterprise for Concur and has held various positions that have helped global companies succeed in their thought leadership and business expansion efforts.

About the Moderator

Jess BozzoJess Bozzo, Content Manager, Argyle Executive Forum

Jess is the Content Manager for Argyle Executive Forum's growing CFO virtual division. In her current role, Jess is responsible for the creation and implementation of virtual event themes, overviews, and working with speakers and partners to create engaging and timely content. Prior to joining Argyle, Jess got her start in audience development and marketing with NewBay Media. A graduate of Gettysburg College, and a New Jersey native, Jess currently resides in Hoboken.

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