Internal Fraud: Addressing the Segregation of Duties Dilemma

Date: Thursday, April 8, 2021
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Steve Dawson, CPA, CFE, President, Dawson Forensic Group
Moderator(s): Bill Erlenbush, CPA, NSAC Director of Education
Learning Objectives:
Following the conclusion of this session, participations will learn to overcome the mindset that a small number of staff can only result in poor internal controls; will learn to introduce effective prevention controls that can strengthen internal controls, even with a small number of staff; and will learn to introduce effective detection controls that can strengthen internal controls, even with a small number of staff.
Field of Study: Auditing
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
  Order Recording

Course Description

Common in smaller cooperatives, and even in some of the larger cooperatives, providing the staff size necessary to properly segregate duties for internal control purposes is just not feasible. This segregation of duties dilemma leads many to incorrectly conclude that many organizations can't have good internal controls. This 60-minute session counters that conclusion by focusing on those controls and processes that can be implemented to help mitigate the lack of segregation of duties. With the proper combination of prevention AND detection controls and processes, the cooperative can still achieve an effective control structure that serves to prevent and detect internal fraud.

Presenter and Moderator Bios
Presenter: Steve Dawson, CPA, CFE, President, Dawson Forensic Group
Steve Dawson, CPA, CFE is the President of the Dawson Forensic Group and for over 35 years has performed forensic investigations, internal control design consulting, accounting records reconstruction, litigation support services, and forensic training services for various industries located throughout the United States. Steve has and continues to work closely with the U.S. Securities and Exchange Commission, the FBI, the Texas Rangers, and other state and federal regulatory agencies. His book Internal Control/Anti-Fraud Program Design for the Small Businesswas published through Wiley Business Publishing. He is a graduate of Texas Tech University with a degree in Accounting, and holds a Certified Public Accountant certificate in Texas. He also holds a certificate as a Certified Fraud Examiner.

Moderator: Bill Erlenbush, CPA, NSAC Director of Education
Bill spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was been involved in negotiating major acquisitions for GROWMARK. His educational background includes a Bachelor of Science degree in Accountancy from the University of Illinois and an MBA from Illinois State University. He is a Certified Public Accountant. Bill is an active member in many industry, professional, and community organizations. He is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.