Internal Fraud Prevention and Detection: Incorporating AI into the Internal Control Process

Artificial Intelligence (AI) can be an ominous and misunderstood term. Rather than the threat of job replacement, AI should be viewed as a useful set of tools to augment the human function within sound internal controls processes. This session introduces the ways that AI can be incorporated now to not only prevent, but detect internal fraud, and thus strengthen the organization’s overall anti-fraud program structure.

At the conclusion of this session, participants should understand:
1. What Artificial Intelligence is and how it is currently misunderstood,
2. Current AI tools already available for business use,
3. How to incorporate AI into fraud prevention and detection processes to strengthen the Cooperative’s overall internal control / anti-fraud program.

Presenter and Moderator Bios

Presenter: Steve Dawson, CPA, CFE, President, DFG

Steve Dawson is the President of DFG and for almost 40 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. He has worked closely with the United States Securities and Exchange Commission, the FBI, the Texas Rangers, and other state and federal agencies. Mr. Dawson investigates cases of internal fraud throughout the country, and also assists organizations in the development of proper internal control / anti-fraud programs. He is a graduate of Texas Tech University with a degree in Accounting and holds a Certified Public Accountant certificate in Texas and a certificate as a Certified Fraud Examiner.

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

After retiring as Tax Director for Southern States Cooperative, Wayne Sine was asked to serve as Education Director for NSAC. He has been a long-time and active member of NSAC, having served as past President of the Atlantic Chapter and past Chair of the Tax Committee. In addition to his work with NSAC, Wayne has served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute.