In difficult economic conditions, most organizations face an increased risk of fraud. Unfortunately, most organizations also lack the procedures and controls needed to proactively address the increased threats.

Join us for this broadcast with Dana Hermanson, in which he'll share insights from a recent COSO-sponsored study of accounting fraud from 1998-2007. The study, which Hermanson co-authored, examines nearly 350 accounting fraud cases and offers insights into the fraud profile, fraud methods, corporate governance issues, auditor issues, and consequences of fraud.

During the session, Dr. Hermanson will focus on:

• Major shifts in the accounting fraud profile in recent years
• Common fraud schemes and the serious consequences of fraud
• Common weaknesses in corporate governance and risk management that result in failure to detect and prevent fraud
• Fraud risk management suggestions specific to internal audit, the board of directors, and the audit committee
• How to assess the organization's financial reporting culture
• How to assess potential threats and identify key areas requiring oversight or internal controls

Who Should Attend

• Boards of Directors and Audit Committee Members
• CEOs
• CFOs
• Chief Risk Officers
• Chief Compliance Officers
• General Counsel
• General Audit Executives

About the Presenters

Dana R. Hermanson is Dinos Eminent Scholar Chair of Private Enterprise, Professor of Accounting, and Director of Research in the Corporate Governance Center at Kennesaw State University. Among the most prolific researchers in accounting, he has published in journals including Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Journal of Accounting and Public Policy, Journal of Accounting Literature, Accounting Horizons, Behavioral Research in Accounting, Journal of Information Systems, and Issues in Accounting Education.

Dr. Hermanson is co-author of two COSO-sponsored studies, Fraudulent Financial Reporting: 1987-1997, An Analysis of U.S. Public Companies and Fraudulent Financial Reporting: 1998-2007, An Analysis of U.S. Public Companies.

Dr. Hermanson is co-editor of Accounting Horizons and was founding co-editor of Current Issues in Auditing. He and his co-authors received the 2008 Deloitte/AAA Wildman Medal, which recognizes research judged “to have made or be likely to make the most significant contribution to the advancement of the public practice of accountancy.” He was a member of the NACD Blue Ribbon Commission on Audit Committees, and his work has appeared in numerous publications including The Wall Street Journal and BusinessWeek.

Dr. Hermanson can be reached at: dhermans@kennesaw.edu