You only have to pick up the daily newspaper to read about employee fraud and its impact on employers nationwide. According to the Association of Certified Fraud Examiners, organizations lose over $700 billion to white collar crime annually. While many organizations have basic internal controls to limit the risk of fraud, managers do not always understand or enforce them. The apparent "disconnect" between the presence of internal controls and management's shortcomings in enforcing them must be addressed through training and education.
Towards that end, the Department of Administration, Risk Management & Tort Defense Division hosted a 4-hour seminar on Fraud Prevention Awareness for Managers, on November 8, 2011. The seminar was presented live at the Red Lion Colonial Hotel in Helena, and over SummitNet at 15 other locations in Montana. The training was provided by Mr. Ralph Q. Summerford, President of Forensic/Strategic Solutions, PC, a firm of experts who serve clients around the country in financial investigations. Mr. Summerford is a C.P.A. and trains Certified Fraud Examiners. He testifies as an expert witness in federal and state courts on matters involving complicated financial transactions, and also has extensive private and public sector consulting experience.
Click here to download Mr. Summerford's slides. The recording of Mr. Summerford’s presentation is below.
Loading the player...