How to Prevent Accounting Fraud Using the Pareto Principle


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March 28, 2019 | 1:00 p.m. ET

Duration: 100 minutes

CPE Credit: 2

Description: Public and private organizations are vulnerable to accounting fraud risk. As shown by public accounting scandals, accounting fraud can have a devastating impact on businesses. The Pareto Principle can be successfully applied to identify and prevent the most common cases of accounting fraud. This webinar will explain how to quickly identify the top 20% of control deficiencies that will likely generate 80% of the accounting frauds and how to address them.

    Field of Study: Accounting

    Course Level: Intermediate

    Prerequisite: Knowledge of key accounting concepts 

    Advanced Preparation: None

    Delivery Format: Group Internet Based

    You Will Learn How To:

    • Assess common reasons that accounting controls fail 
    • Recognize the characteristics of effective accounting control frameworks 
    • Identify sources of accounting fraud risks 
    Who Should Attend:
    • Certified Fraud Examiners and other anti-fraud professionals
    • Law enforcement officers and prosecutors
    • Internal and external auditors, CPAs, CAs and forensic accountants
    • Attorneys, legal professionals and law enforcement personnel

    • Educators and students

    Speaker:


    Cecilia E. Locati, CFE, FCMA, CGMA
    Director 
    Internal Control Toolbox and Fraud Fence Ltd.

    Cecilia E. Locati is a Certified Fraud Examiner (CFE) member of the ACFE (Association of Certified Fraud Examiners). She is also a Certified Management Accountant (FCMA and CGMA) fellow member of CIMA (Chartered Institute of Management Accounting) and has a university degree in Business Administration from Bocconi University.

    Before founding Fraud Fence Ltd. in 2015 Cecilia Locati held a number of senior positions within different internal fraud prevention areas. She began her career in 2007 as senior auditor at PwC, working with several small to medium enterprises (SMEs) operating in the manufacturing and retail sectors.

    After three years, she took over the position of Senior Compliance Officer at Hasbro, one of the world’s biggest toy manufacturing companies. While working for Hasbro, she traveled across Central and Eastern Europe to implement and strengthen internal controls, as well as to ensure compliance with the Sarbanes Oxley legislation (SOX).

    After Hasbro, she was Head of SOX, Internal Controls and Compliance at Shine Group, one of the U.K.’s leading TV production groups. In this position, she worked with all of the Shine Group’s companies to implement effective anti-fraud control and to ensure compliance with SOX and the U.K.'s Anti-Bribery Act.

    In 2015, she founded Internal Control Toolbox and Fraud Fence. She combines an extensive technical knowledge with more than a decade of business experience working with startups, fast-growing companies and SMEs in the media, TV production, retail and manufacturing sectors.