COSO: New Fraud Risk Management Guidance

Date: Thursday, October 12, 2017
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenters: Bill Erlenbush, Director of Education, NSAC, Phil Miller, Asst: Director of Education, NSAC
Moderator:
Learning Objectives:
This 50-minute course will discuss the recently released guidance from the Committee of Sponsoring Organizations (COSO), titled Fraud Risk Management Guide.
Field of Study: Auditing
Program Level: Overview
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

The Guide is designed for organizations desiring to establish a more robust approach to managing fraud risk. It provides guidance on: establishing fraud risk governance policies; performing a fraud risk assessment; designing and deploying fraud preventive and detective control activities; conducting investigations, and monitoring and evaluating a total fraud risk management program. This new guidance is intended to be supportive of and consistent with the COSO?s 2013 Framework and can serve as best practices guidance for organizations creating or updating their fraud management programs.

Presenter and Moderator Bios

Presenter: Bill Erlenbush, Director of Education, NSAC

Bill Erlenbush is retired as controller and compliance officer from GROWMARK, Inc. He is currently working part-time as the Director of Education for NSAC. 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. Philip W. Miller (Phil)</b) retired in 2016 as the CEO for the Virginia Cooperative Council and the Virginia Foundation for Cooperation, both headquartered in Richmond, VA. In 2009 he retired as Vice President & Controller for Southern States Cooperative in Richmond, Virginia, after a thirty-six year career. While at Southern States, he served as an Internal Auditor, Senior Auditor, Assistant Manager of Internal Audit, Manager of Corporate Accounting and Assistant Controller before being promoted to Controller in 2000. Prior to his joining Southern States, Phil worked for Walden Inventory Services. Prior to that, he served for two years in the United States Army as a member of the President?s Honor Guard in Ft. Meyer, Virginia. He was born in Nevada and grew up on a farm in southern Indiana. Phil received his BA in Economics from Berea College in 1968 and completed postgraduate studies in Accounting at Virginia Commonwealth University in 1978. He is a retired licensed CPA in Virginia and former member of the AICPA and the Virginia Society of CPAs. He is a former national director for the National Society of Accountants for Cooperatives (NSAC), and served as national president of NSAC in 2001-2002. He currently serves as an editor and writer for NSAC?s national magazine, the Cooperative Accountant. He also serves as an Education Director for NSAC and teaches Co-op Accounting webinars. Phil and Vicki, his wife, have resided in the Kanawha Trace community in Richmond, Virginia since 2000. Prior to that they resided in Bon Air. In his spare time, Phil enjoys cooking, reading, painting, hiking, golf and gardening.

Presenter: Phil Miller, Asst: Director of Education, NSAC

Cost
$56.00 for NSAC Members / $70.00 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.