Skip to main content
Live Webcast Replay

Asset Misappropriation – Let Me Count the Ways


Total Credits: 2 including 2 Accounting - Technical

Average Rating:
   58
Categories:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
Dennis F. Dycus, CFE, CPA, CGFM
Course Levels:
Intermediate
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

As discussed in the Association of Certified Fraud Examiners’ Occupational Fraud 2022: A Report to the Nations, 86% of all frauds are misappropriation of assets.  Why is the misappropriation of assets so large?  Because there as so many of them it creates many, many opportunities.  And the asset which is stolen the most?  CASH!  Because it’s easy to conceal and you don’t have to convert it.  During this presentation, the many, many different ways to misappropriate (steal) assets and which assets (besides cash) are most subject to misappropriation are discussed as well as how to recognize such and more importantly, how easy it is to prevent it!

Basic Course Information

Learning Objectives
  • After this session, those individual enrolled will be able to:
  • Recognize the most common Behavioral Red Flags
  • Understand how skimming occurs
  • Recognize assets that are easy to skim
  • Understand why inventory is such a good place to hide asset misappropriations
  • Identify the most common indicators of fixed assets fraud
  • Illustrate how easy check fraud is and how to prevent it

Major Subjects
  • Identifying opportunity
  • The three most common behavioral red flags that we should always look for
  • The many ways to commit check fraud (it’s so easy)
  • Why inventory is such a good place to hide theft of assets
  • How to cover up inventory fraud
  • Accounts Receivable Fraud and how it works
  • How to count inventory that’s not there

Course Materials

Faculty

Dennis F. Dycus, CFE, CPA, CGFM's Profile

Dennis F. Dycus, CFE, CPA, CGFM Related Seminars and Products


Mr. Dennis F. Dycus, CFE, CPA, CGFM, presently serves as the Director of the Division of Municipal Audit for the Office of the Comptroller of the Treasury, State of Tennessee. The Division is responsible for the annual audit of all municipalities, utility districts, school activity and cafeteria funds, housing authorities, certain not-for-profit organizations and other quasi-governmental entities in the State of Tennessee. In addition, the Divisions staff conducts numerous audits for fraud, waste and abuse each year.

From the beginning of his career with a national accounting firm, through the last 37 years of involvement with the audits of all forms of governmental entities, he brings a wealth of practical experience to his presentations. A graduate of Western Kentucky University, Mr. Dycus is a frequent guest speaker/lecturer for various college business/accounting classes, professional associations, local, state and national conferences and not-for-profit organizations. In 1996, the Eta Omicron Chapter of Beta Alpha Psi presented him with the Distinguished Alumnus Award in recognition of his support of the WKU Accounting Department.

A 1986 graduate of the Tennessee Government Executive Institute, Mr. Dycus is an active member of the American Institute of Certified Public Accountants where he previously served on the Members in Government Committee, the Ad Hoc CPE Curriculum Task Force on Government and the National CPE Curriculum Subcommittee. He is also a member of the Tennessee Society of Certified Public Accountants, the Association of Government Accountants, where he previously served as chapter president; the Government Finance Officers Association, and the Association of Certified Fraud Examiners, where he also served as chapter president and is a former member of both the Associations Board of Regent and ACFE Foundation as well as a member of their instructor faculty on a national basis. In June, 2005, the Middle Tennessee Chapter honored him with the designation of president emeritus in recognition of his longstanding contributions to the chapter.

For the last several years, Mr. Dycus has developed and/or conducted training programs in all fifty states, Puerto Rico, Guam, Canada and Europe, for organizations such as the Association of Certified Fraud Examiners; the American Institute of Certified Public Accountants; numerous state CPA societies; the Government Finance Officers Association; the Association of Government Accountants; the National Association of State Auditors, Comptrollers and Treasurers; Westcott Communications, Inc.; the Organization for Security and Co-Operation in Europe; New York Presbyterian Hospital; IBM; HCA; NYC Presbyterian Hospital, Saturn, Inc.; the US Department of Labor; the Government Accountability Office; the Internal Revenue Service; Bisk Education, Inc.; Nichols Education, Inc.; numerous state audit organizations and individual professional firms. He is a frequent speaker at various professional conferences, both on a local and national level.

In 1989 and again in 1997, he was the recipient of the AGA's, National Education and Training Award and has been presented with several Outstanding Discussion Leader Awards by both the Tennessee and Florida Societies of Certified Public Accountants. In 1998 he was honored with the Association of Certified Fraud Examiners, Distinguished Achievement Award for his meritorious service in the detection and deterrence of fraud and in 2001 was one of only three individuals to receive the designation as a Fellow of the Association of Certified Fraud Examiners in recognition for his contribution to expanding the Associations body of knowledge toward the detection of fraud. In 2003 he was the recipient of the Tennessee Society of CPAs first ever, Outstanding CPA in Government Award and in 2004 received the Association of Certified Fraud Examiners Outstanding CFE in Government Award. In 2009 he was recognized as a Friend of the Association by the Tennessee Association of Utility Districts for his contribution to the utility industry in Tennessee. This was only the second such recognition the association had made in its 52 year history.

In addition, he has authored articles on auditing for fraud for national publications.


Dates

Fri, Mar 08, 2024 - 04:00pm to 05:49pm EST
Mon, Mar 25, 2024 - 10:00am to 11:49am EDT
Fri, Apr 05, 2024 - 12:00pm to 01:49pm EDT
Mon, Apr 15, 2024 - 02:00pm to 03:49pm EDT
Wed, May 01, 2024 - 04:00pm to 05:49pm EDT
Mon, May 13, 2024 - 10:00am to 11:49am EDT
Sat, May 25, 2024 - 10:00am to 11:49am EDT
Sat, Jun 08, 2024 - 12:00pm to 01:49pm EDT
Tue, Jun 18, 2024 - 06:00pm to 07:49pm EDT
Wed, Jun 26, 2024 - 04:00pm to 05:49pm EDT
Sat, Jun 29, 2024 - 10:00am to 11:49am EDT
Mon, Jul 01, 2024 - 10:00am to 11:49am EDT
Sat, Jul 13, 2024 - 10:00am to 11:49am EDT
Tue, Jul 16, 2024 - 12:00pm to 01:49pm EDT
Tue, Aug 13, 2024 - 07:00pm to 08:49pm EDT
Mon, Aug 26, 2024 - 04:00pm to 05:49pm EDT
Tue, Sep 03, 2024 - 10:00am to 11:49am EDT
Sat, Sep 21, 2024 - 12:00pm to 01:49pm EDT
Tue, Oct 01, 2024 - 02:00pm to 03:49pm EDT
Wed, Oct 16, 2024 - 04:00pm to 05:49pm EDT
Wed, Nov 06, 2024 - 10:00am to 11:49am EST
Thu, Nov 21, 2024 - 06:00pm to 07:49pm EST
Tue, Dec 03, 2024 - 02:00pm to 03:49pm EST
Sat, Dec 07, 2024 - 10:00am to 11:49am EST
Thu, Dec 12, 2024 - 04:00pm to 05:49pm EST
Tue, Dec 24, 2024 - 06:00pm to 07:49pm EST
Thu, Jan 09, 2025 - 06:00pm to 07:49pm EST
Wed, Jan 22, 2025 - 11:00am to 12:49pm EST
Sat, Feb 01, 2025 - 10:00am to 11:49am EST
Thu, Feb 13, 2025 - 01:00pm to 02:49pm EST
Mon, Feb 24, 2025 - 03:00pm to 04:49pm EST
Fri, Mar 07, 2025 - 05:00pm to 06:49pm EST
Thu, Mar 20, 2025 - 09:00am to 10:49am EDT
Sat, Apr 05, 2025 - 11:00am to 12:49pm EDT
Tue, Apr 29, 2025 - 01:00pm to 02:49pm EDT
Fri, May 09, 2025 - 03:00pm to 04:49pm EDT
Thu, May 22, 2025 - 05:00pm to 06:49pm EDT
Thu, Jun 05, 2025 - 06:00pm to 07:49pm EDT
Sat, Jun 07, 2025 - 10:00am to 11:49am EDT
Sat, Jun 14, 2025 - 11:00am to 12:49pm EDT
Mon, Jun 23, 2025 - 01:00pm to 02:49pm EDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For External and Internal Auditors; Small Business Owners; Office Managers
Original Recording Date 10/2022
Course Developer Dennis F. Dycus
Date Added to Catalog 09/20/2022
Yellow Book No

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Promo Video

Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 58

Comments

Katherine H

" "

Dean B - Traverse City, Alabama

" "

Dovia O

" "

Daniel P - Coral Gables, Florida

"Great Class "