It seems like fraud is popping up everywhere these days; in truth, it is. The Association of Certified Fraud Examiners estimates that the average U.S. business loses 5% of its gross revenue to employee fraud and abuse; that comes to about $9 per day, per employee. In addition to the immediate financial loss, the collateral damage to stock price, reputation and employee morale can be devastating. “Steering Clear of Fraud” is illustrated with magic and some fascinating stories about actual frauds.
Presentation Learning Objectives Participants will gain an understanding of:
· How fraud happens
· Why fraud happens
· The “red flags” of fraud
· Tools and techniques to minimize fraud risk Presentation Outline Topic Outline:
I. Case study and fraud statistics
II. How fraud happens
a. Asset Misappropriation
b. Financial Statement Fraud
c. Corruption
III.Why fraud happens
a. The Fraud Triangle
IV.The Red Flags of Fraud More Information Powerpoint has been attached in "documents"
 John TonsickPresentation By John Tonsick CPA, CFE John is a CPA and a Certified Fraud Examiner with more than 25 years of experience that includes fraud investigation, litigation support, auditing and financial management. His public accounting and consulting experience spans over 15 years and includes more than 4 years with PricewaterhouseCoopers. In private industry, John has been a controller and an internal audit director for major corporations, including almost 9 years with ARCO, a Fortune 50 company.
John is a well-known and entertaining speaker. Over the years he has made presentations to large corporations and to professional organizations such as the California Society of CPAs, American Corporate Counsel Association, the Institute of Internal Auditors and the Association of Certified Fraud Examiners. John has published numerous articles on the subjects of fraud, corporate governance and Sarbanes Oxley. He is a contributing author to “Fraud Casebook: Lessons from the Bad Side of Business”. John has been interviewed by MSNBC and such national publications as the Wall Street Journal and CFO Magazine.
John holds a Bachelor of Science degree in Accounting from Robert Morris University in Pittsburgh, PA. He is a past President of the Board of Directors for El Nido Family Centers and a former board member of the Los Angeles Chapter of the California Society of CPAs. John sits on the board the Beach Cities Chapter of the Institute of Internal Auditors and the Arthritis Foundation of Southern California. He is also a magician member of the world famous Magic Castle in Hollywood.
Speaker Documents, PowerPoints, Etc.
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