Unveiling New Motives: Changing Frontiers in Financial Fraud

CPE: 1 Credit Hour

Free for NTCA, NRECA, and NSAC Members
$56 Non-Members

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. At the end of this session, attendees will:

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.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

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.