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Vendor Fraud Prevention and Detection
Accounting & Financial Reporting
Webcast

Vendor Fraud Prevention and Detection

Vendor fraud continues to be a significant threat to organizations. Learn ways to detect and explore methods to prevent vendor fraud.

$70 - $109
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Feb 21, 2023

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1.5

Author(s)

Vincent Walden

Availability

3 months

Product Number

WC4075369

 View  
 Business & partner 
Product Details

Manage risks of fraud

In 90% of reported Foreign Corrupt Practices Act (FCPA) cases, a third party is involved. Vendor billing schemes, with $100,000 median loss per incident, are the top frauds in organizations, according to the Association of Certified Fraud Examiners 2022 Report to the Nations.

With vendor fraud so prevalent, it's critical to know how to detect fraud and understand methods to prevent it.

In this webinar, participants will:

  • Gain an understanding of third-party, vendor risk management concepts from the perspective of fraud risk management and regulatory guidelines.
  • See how case examples use leading technology approaches to uncover potential improper payments.
  • Explore how machine learning and artificial intelligence can be used to continuously improve a company’s vendor risk management program.

Key Topic

  • COSO and regulator expectations around vendor fraud prevention & detection
  • Sample analytical procedures and leading technology approaches
  • Machine learning and continuous monitoring examples

Learning Outcomes

  • Recognize COSO’s Fraud Risk Management framework around vendors.
  • Recall practical examples of leading tests and behavioral algorithms.
  • Identify potential improper payments.
  • Recognize the role of using machine learning to risk score payment activity.

Who Will Benefit

  • Auditors of any level who would like to incorporate professional skepticism and improve their knowledge around data analytics
Credit Info
CPE Credits
1.5
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1hr 15mins
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$109.00
AICPA Members
$87.00
FVS Section Members
$70.00
ABV Credential Holders
$70.00
CFF Credential Holders
$70.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Vincent Walden
Vincent Walden is CEO of KonaAI, a leading compliance and anti-fraud technology platform. Based in New York, he specializes in forensic data analytics, continuous controls monitoring, white-collar crimes and legal discovery technology. His primary area of concentration is in providing leading technology perspectives on both proactive compliance programs and reactive investigations. Notably, Mr. Walden is recognized as “CFE of Year 2022” by the Association of Certified Fraud Examiners (ACFE). Prior to CEO of KonaAI, Mr. Walden spent three years as a Managing Director at Alvarez & Marsal and 14 years at Ernst & Young’s Forensic & Integrity Services Practice, eight of which at the partner level leading their Forensic Data Analytics practice. Mr. Walden sits on Compliance Week’s Advisory Board and is featured in many publications including Internal Auditor Magazine, Compliance Week, Harvard Business Review and The Economist. He is a regular columnist for FRAUD Magazine. He also hosts a bi-weekly podcast show, “The Walden Pond”, which focuses on compliance innovation. Further, Mr. Walden currently serves as an Adjunct Profession at Fordham Law School teaching on Compliance Technology & Innovation. Mr. Walden earned a bachelor’s degree in business administration from the University of Southern California. He completed the Harvard Leadership Program at Harvard Business Publishing and is a Certified Public Accountant and a Certified Fraud Examiner. Mr. Walden also volunteered as the President of The Association of Certified Fraud Examiner’s Education and Research Foundation (2016-2021), which provides academic scholarships to students and anti-fraud research to qualified recipients.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Cancellation Policy
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Vendor Fraud Prevention and Detection
Feb 21, 2023
Select from the following options:
Feb 21, 2023
6pm7:30pm GMT
Nonmember Price
$109.00
Price excluding sales tax
$109.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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