Key Internal Controls: Lessons from Real-World Fraud

If you think your organization is too vigilant to fall victim to fraud, the case studies in this session may surprise you! We'll take an eye-opening look at the schemes and warning signs affecting cooperatives right now, from classic internal abuses to fast-moving trends in cyber risk and shifting workforce dynamics. Participants will explore the internal control components that matter most and see how gaps in everyday processes can quietly open the door to fraud.

This session goes beyond theory. Attendees will walk through real fraud case studies that reveal how issues unfold in practice, and how they could have been prevented. Along the way, we’ll examine practical steps organizations can take to reinforce internal controls, sharpen oversight, use data more effectively, and build a culture that supports transparency and early detection. You’ll leave with strategies you can apply immediately to strengthen protections and reduce risk within your own organization.

Presenter and Moderator Bios

Presenter: Julie Desimone, CPA, Managing Principal, Baker Tilly

Julie serves as the Industry Group Leader for Baker Tilly’s Energy & Natural Resources practice, overseeing a diverse portfolio that includes the Power & Utilities, Oil & Gas, Food & Beverage and Agribusiness markets. With more than 20 years of experience providing auditing, accounting, and consulting services, she brings deep technical expertise and strategic insight to clients across the energy and utility sectors, including renewable energy organizations.

Her areas of specialization include industry analysis, advanced utility accounting, complex contracting matters, internal control evaluation, litigation support, and executive-level relationship management. Julie has contributed to standard-setting initiatives through project work with both the Financial Accounting Standards Board and the Governmental Accounting Standards Board, and she is a sought-after speaker on technical, operational, and industry issues affecting the broader energy landscape.

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

After retiring as Tax Director of a regional supply cooperative on the East Coast, Wayne Sine was asked to serve as Education Director for NSAC. As an active and long-term member of NSAC, Wayne previously served as Chair of NSAC’s Tax Committee, President of the Atlantic Chapter, and was a recipient of NSAC’s Silver Bowl Award. In addition to his work with NSAC, Wayne has also 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 Region Vice President for Tax Executives Institute.