Unveiling New Motives: Changing Frontiers in Financial Fraud

Date: Tuesday, June 20, 2023
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Jeff D. Smith, CFE, Senior Investigator, Dawson Forensic Analytics, PLLC
Moderator: Wayne Sine, CPA, Director of Education, National Society of Accountants for Cooperatives
Learning Objectives:
1) be able to explain what retributive fraud is and how it differs from traditional need-based fraud.
2) understand and be able to define moral disengagement and its effect on the current workforce.
3) be able to identify ways to handle the behavioral side of fraud along with the organization’s regular internal controls.
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.
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Course Description

How has the office environment changed fraud in our post-pandemic world? As the economic landscape continues to shift, there’s been a noted a change in the mindset that leads perpetrators to commit fraud. Previous cases and examples generally focused on pressure or a specific financial need; now it’s RETRIBUTION. This session includes recent cases of Retributive Fraud, a description of why and how this mindset changed, along with select processes and internal controls designed to help organizations understand and better deal with the changing work environment..

Presenter and Moderator Bios

Presenter: Jeff D. Smith, CFE, Senior Investigator, Dawson Forensic Analytics, PLLC

Jeff Smith is a co-owner and the Senior Investigator at DFG – Forensic Accounting Services, a company that performs forensic investigations, internal control design consultation, accounting records reconstruction, litigation support services, and forensic training services to organizations throughout the United States. For over 10 years, he has assisted the firm in engagements in all areas of the practice along with additional areas of focus on data forensics, research, technical writing, cyber investigation, and anti-fraud program education. Smith enjoys working closely with the U.S. Department of Justice, the Department of Homeland Security, the FBI, the Texas Rangers, and other state and federal regulatory agencies. As Smith serves a diverse range of industries, he believes Anti-Fraud Programs function best when truly bespoke, tailored to each organization’s unique needs. He is a graduate of Southern Nazarene University. He is a member of the ACFE and holds a certificate as a Certified Fraud Examiner.

Moderator: Wayne Sine, CPA, Director of Education, National Society of Accountants for Cooperatives

Wayne Sine is an experienced and highly knowledgeable professional in the field of Tax. Wayne recently retired as Tax Director from his company, Southern States Cooperative. He has extensive experience working with agricultural cooperatives and has been a long-time member of the NSAC. He is extremely active in the NSAC, serving as both past Chapter President of the Atlantic Chapter, and past Chair of the Tax Committee, and is currently serving as the NSAC Director of Education. Wayne's career is marked by several accomplishments, and he has always been involved in many organizations, spreading his knowledge. Wayne is a member of the Legal, Tax, and Accounting (LTA) Committee for the National Council of Farmer Cooperatives. He is also Past Chair of both the Tax Committee of the Virginia Chamber of Commerce and the Virginia Manufacturers Association. Wayne also served on the Tax Policy Committee at the Virginia Society of CPAs and served as past Region Vice President for the Tax Executives Institute.

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.