9:45 AM Registration
10:00 – 11:00 AM Presentation
11:00 – 11:45 AM Awards & Recognition
11:45 AM – 12:45 PM Lunch
12:45 – 1:45 PM Officers & Board
Internal Controls and
Fraud: How Breakdowns in Controls Can Lead to Fraud
Have you ever wondered
how fraud occurs? In this session we will review the basics of internal
controls, using the COSO internal control framework, and discuss how breakdowns
in controls can lead to fraud, sometimes in extremely high dollar amounts. We will examine actual fraud cases and discuss
how controls broke down and what red flags were present that could have alerted
someone in the organization or an auditor that fraud was occurring.
Additionally, this session will review key fraud facts from
the Association of Certified Fraud Examiners 2014 Report to the Nations which explores
occupational fraud cases around the globe.
Speaker: Sarah Perosio is a senior auditor in the
Corporate Audit Department at Eastman Kodak Company in Rochester, New
York. In her role she is responsible for
planning and executing SOX and operational audits.
Prior to joining Eastman Kodak Company,
Ms. Perosio was a senior auditor at the University Audit Office at Cornell
University. In that role, she performed
internal audits, fraud investigations, and taught a training course on
financial stewardship and ethical conduct to employees of the university. She
has also worked in public accounting at Ciaschi, Dietershagen, Little and
Mickelson and Co. in Ithaca New York.
Perosio is certified public accountant and a certified internal auditor and is
pursuing the certified fraud examiner designation. She holds a bachelor’s degree in applied
economics and management with a specialization in business and accounting from
Cornell University and a Master of Business Administration in Professional
Accountancy from Ithaca College.