Field of Study: Management Advisory Services
Program Level: Intermediate
Delivery Method: Group Internet-Based
Prerequisite: None
Advanced Preparation: None
Successful completion of this program qualifies you to receive up to 1 CPE credits.

Craig Simpkins
Director, Finance Transformation
Johnson Controls

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Description

Every day in the news, there are stories about individuals in all levels of position within an organization that commit some type of fraud, ultimately impacting the financial results or reputation of an organization. This fraud can include misstatement of financials, the creation of a shell company, or filing false expense reports. We will look at a large embezzlement by trusted individuals in a small company where segregation of duties did not exist and finally, the treasurer of a child’s athletic association embezzled funds.

Learning Objectives

• Whether you have technology in place or not, this webinar will review the red flags that can help identify fraudulent situations, the associated risks, and the tools available to help control the processes, and leading practices that can be used within an accounts payable environment.
• There will be case studies presented from accounts payable to help correlate the red flags to the tools available, and help make you more cognizant in identifying fraudulent situations.
• In the end, you will understand that fraud occurs everywhere at any time, and you will walk away with a new perspective on how you should watch for fraud on a daily basis.

Speaker Biography

Simpkins is a Director Finance Transformation at Johnson Controls. He has held positions in shared services for several years and has a global background in the areas of accounting, finance, supply chain management, and global shared services. Simpkins holds a bachelor of science degree in accounting and finance, a master of business administration in entrepreneurship, and a master of science in accounting, and is a CAPP, and Certified Fraud Examiner (CFE). He has presented webinars on several topics for The Institute. In addition to a white paper series on AP automation technology, he has developed and presented courses on CAPA and CAPP certification and best practices. Simpkins has several years of experience with ERP systems and technology implementations, including scanning and workflow solutions, and data analytics.