ACFE, Anti-fraud, Audit Committee, Board of Directors, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, General Counsel, Governance, Hotline, IIA, IIA Philadelphia, Internal Audit, Internal Controls, Investigations, Red Flag, Third Party, Training, Whistleblower, White Collar Crime Jonathan T. Marks ACFE, Anti-fraud, Audit Committee, Board of Directors, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, General Counsel, Governance, Hotline, IIA, IIA Philadelphia, Internal Audit, Internal Controls, Investigations, Red Flag, Third Party, Training, Whistleblower, White Collar Crime Jonathan T. Marks

March 22, 2019, IIA Philadelphia's Annual Fraud Symposium Sponsored by Baker Tilly - Register Today!

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ACFE, Anti-fraud, Audit Committee, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Corporate Fraud, Culture, Directors, DOJ, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Pentagon, Fraud Risk Management, Fraud Triangle, General Counsel, Governance, Hotline, IIA, Internal Audit, Internal Controls, Monitor, Monitoring, Red Flag, SEC, Skepticism, Whistleblower, White Collar Crime Jonathan T. Marks ACFE, Anti-fraud, Audit Committee, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Corporate Fraud, Culture, Directors, DOJ, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Pentagon, Fraud Risk Management, Fraud Triangle, General Counsel, Governance, Hotline, IIA, Internal Audit, Internal Controls, Monitor, Monitoring, Red Flag, SEC, Skepticism, Whistleblower, White Collar Crime Jonathan T. Marks

Combating Fraud Through Effective Internal Controls

“Fraud is not an accounting problem; it is a social phenomenon.” Joe WellsMost companies will not readily admit that their organizations may be vulnerable to fraud.According to the 2020 Report to the Nations published by the Association of Certified Fraud Examiners (“ACFE”), which contains an analysis of approximately 2,500 cases of occupational fraud that were investigated between January 2018 and September 2019, organizations lose 5% of their annual revenues to fraud. While this number is only a general estimate based on the opinion, it represents the collective observations of anti-fraud experts who together have investigated hundreds of thousands of fraud cases. Based on the ACFE’s study, the median loss caused by frauds was $125,000, with 21.0% of the cases resulting in losses of at least $1 million.

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Anti-fraud, Audit, Audit Committee, Board of Directors, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Corporate Fraud, Crisis Management, Foreign Corrupt Practi..., Forensic Accounting, Fraud Investigations, Fraud Risk Management, General Counsel, Governance, Internal Audit, Internal Controls, Investigations, Risk Assessment, Risk Management, Root Cause, Sarbanes-Oxley, Skepticism, White Collar Crime Jonathan T. Marks Anti-fraud, Audit, Audit Committee, Board of Directors, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Corporate Fraud, Crisis Management, Foreign Corrupt Practi..., Forensic Accounting, Fraud Investigations, Fraud Risk Management, General Counsel, Governance, Internal Audit, Internal Controls, Investigations, Risk Assessment, Risk Management, Root Cause, Sarbanes-Oxley, Skepticism, White Collar Crime Jonathan T. Marks

Fraud tip Friday! The Grand Illusion

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Anti-fraud, Audit, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance Coordinator, Corporate Fraud, Cross Border Investiga..., Cyber, Directors, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Risk Management, General Counsel, Global, Governance, IIA, Internal Audit, Internal Controls, Investigations, Red Flag, Regulatory, Risk, Risk Assessment, Risk Management, Root Cause, Sarbanes-Oxley, Seaboard, SEC, Thought Leadership, Whistleblower, White Collar Crime Jonathan T. Marks Anti-fraud, Audit, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance Coordinator, Corporate Fraud, Cross Border Investiga..., Cyber, Directors, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Risk Management, General Counsel, Global, Governance, IIA, Internal Audit, Internal Controls, Investigations, Red Flag, Regulatory, Risk, Risk Assessment, Risk Management, Root Cause, Sarbanes-Oxley, Seaboard, SEC, Thought Leadership, Whistleblower, White Collar Crime Jonathan T. Marks

Investigation Roundtable on January 23, 2019, in Center City Philadelphia - Register Today! CPE/CLE

Investigation Roundtable on January 23, 2019, in Center City Philadelphia

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Board of Directors, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Compliance Coordinator, Corporate Fraud, Cross Border Investiga..., DOJ, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Risk Management, General Counsel, Governance, GRC, Internal Audit, Internal Controls, Investigations, Regulatory, Remediation, Risk, Risk Management, Whistleblower, White Collar Crime Jonathan T. Marks Board of Directors, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Compliance Coordinator, Corporate Fraud, Cross Border Investiga..., DOJ, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Risk Management, General Counsel, Governance, GRC, Internal Audit, Internal Controls, Investigations, Regulatory, Remediation, Risk, Risk Management, Whistleblower, White Collar Crime Jonathan T. Marks

Focus on the Bad Actors! DOJ Outlines Key Policy Revisions Re-Focusing on Individual Accountability

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Anti-fraud, Audit, Audit Committee, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Compliance Coordinator, Cross Border Investiga..., Culture, DOJ, Due Diligence, ERM, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Risk Management, General Counsel, Internal Audit, Internal Controls, Investigations, Process Improvement, Red Flag, Regulatory, Related Party, Remediation, Risk Assessment, Risk Management, Root Cause, SEC, Skepticism, Third Party, Training, White Collar Crime Jonathan T. Marks Anti-fraud, Audit, Audit Committee, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Compliance Coordinator, Cross Border Investiga..., Culture, DOJ, Due Diligence, ERM, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Fraud, Fraud Investigations, Fraud Risk Management, General Counsel, Internal Audit, Internal Controls, Investigations, Process Improvement, Red Flag, Regulatory, Related Party, Remediation, Risk Assessment, Risk Management, Root Cause, SEC, Skepticism, Third Party, Training, White Collar Crime Jonathan T. Marks

Fraud and Related Party Transactions

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ACFE, Anti-fraud, Audit, Audit Committee, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Control, Corporate Fraud, DOJ, Enterprise Risk Resili..., ERM, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Four eyes approval, Fraud, Fraud Risk Management, General Counsel, Global, Governance, IIA, Internal Audit, Internal Control Defic..., Internal Controls, Investigations, Process Improvement, Red Flag, Regulatory, Remediation, Risk, Risk Assessment, Risk Management, Root Cause, Sarbanes-Oxley, SEC, Skepticism, Third Party, White Collar Crime Jonathan T. Marks ACFE, Anti-fraud, Audit, Audit Committee, Board of Directors, Books and records, Bribery, Chief Audit Executive, Chief Compliance Officer, Compliance, Control, Corporate Fraud, DOJ, Enterprise Risk Resili..., ERM, Ethics, FCPA, Foreign Corrupt Practi..., Forensic Accounting, Four eyes approval, Fraud, Fraud Risk Management, General Counsel, Global, Governance, IIA, Internal Audit, Internal Control Defic..., Internal Controls, Investigations, Process Improvement, Red Flag, Regulatory, Remediation, Risk, Risk Assessment, Risk Management, Root Cause, Sarbanes-Oxley, SEC, Skepticism, Third Party, White Collar Crime Jonathan T. Marks

Internal Control Defined and Some Guidance

Compliance officers talk about controls constantly. Effective controls are the lifeblood of what makes a compliance program work. Most of us can rattle off examples of controls, or recognize a control when we see one.
So my fellow speaker asked the audience: What is a control?
Nobody dared answer. We all, me included, were suddenly uncertain that we could define a control correctly.
The speaker who posed this question is Jonathan T. Marks, partner at Baker Tilly and a prolific thinker on all things forensics, audit, and internal control. Lately Marks has been asking audit and compliance audiences to define a control — and to his dismay, most people can’t.Read Marks’ definition of internal control.

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