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 March Presentation - Academic Awards - Internal Controls and Fraud

3/25/2015 9:45 AM
3/25/2015 2:00 PM
Spaghetti Warehouse |  

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.

Ms. 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.  ​​​​