June 24th Dinner Meeting: SKEPTICISM: THE PRIMARY WEAPON IN THE FIGHT AGAINST FRAUD

OVERVIEW

Boards and management must take care to exercise a skeptical approach to financial reports and supporting information.  It is not just auditors who must be concerned with maintaining appropriate professional skepticism. This point was stressed during a roundtable convened by the Anti-Fraud Collaboration, which comprises the Center for Audit Quality (CAQ), Financial Executives International (FEI), The Institute of Internal Auditors (IIA), and the National Association of Corporate Directors (NACD). The implication is that because financial management plays a leading role in detecting financial fraud, it is incumbent on executives – not just auditors – to exercise appropriate levels of professional skepticism. The fraud and risk practice leaders at Crowe Soberman LLP and Crowe Risk Consulting will share some practical tips for how both auditors and non-auditors can exercise professional judgment to prevent and detect workplace fraud.

THE PRESENTERS

JIM BARBOUR, CPA, CIA, CRMA, CFSA, CFE – Managing Director, Crowe Risk Consulting. Jim has 18 years of experience in internal audit, risk management, accounting and financial reporting management. He has held various positions with global and Canadian companies, as well as global accounting firms in Canada and the US.  He also managed various engagements of foreign and domestic operating sites for Enterprise Risk Management, Internal Audit and SOX/NI 52-109 financial controls reviews. Jim’s industry experiences cover the areas of financial services, consumer packaged goods, retail, media and entertainment, manufacturing, health care and public sector.

DANIEL EDWARDS, MA, CPA, CA•IFA, CBV, CFE, CFF – Daniel M. Edwards Professional Corporation, Partner, Crowe Soberman LLP. Daniel co-leads the Valuations | Forensics | Litigation department of Crowe Soberman LLP and specializes in claims valuation and litigation support. He has 25 years of experience working in insurance and litigation claims, and has testified on numerous occasions as an expert witness in various forums. On occasion, Daniel’s work requires him to assess the veracity of documents or verbal information, and has also included investigation of alleged employee theft or financial misappropriation. Daniel has taught loss quantification courses since 2002 through the Diploma in Investigative and Forensic Accounting at University of Toronto. Prior to specializing in this field, Daniel held senior financial roles with a multi-division manufacturing organization.

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