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Building Your Own Library of Anti-fraud & Continuous Monitoring Tests


Total Credits: 1 including 1 Information Technology - Technical

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Categories:
ACPEN Industry Institute |  Accounting and Auditing |  Ethics |  Personal Development |  Professional Development |  Technology
Faculty:
Vincent M. Walden, CPA, CFE
Course Levels:
Intermediate
Duration:
1 Hour
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

In this course, participants will gain a broad understanding of the various anti-fraud preventive and detective tests available to practitioners and take initial steps in building their own library of tests unique to their business or industry risks. Specific discussions and examples will include vendor analysis to look for potentially improper payments around conflicts of interests, fake vendor schemes, bribery & corruption, sanctions and trade compliance, anomalous payments, segregation of duties, among other risk categories.  Participants will also explore tests around customers or distributors that include margin analysis, free goods, discounts and revenue recognition. Further, we will explore employee related test to mitigate travel & entertainment expense abuses. We will also point out various online and public resources for participants to start building their own library of tests to support both reactive investigations as well as proactive prevention and detection.

Basic Course Information

Learning Objectives
  • Exposure to hundreds of anti-fraud tests around vendors, customers and employees
  • Understand the difference between rules based (supervised) test vs. statistical (unsupervised) tests and why they are both important
  • Learn the importance of text mining and natural language processing to find corrupt intent
  • Build your own library of anti-fraud tests using various public resources

Major Subjects
  • Build your own forensic data analytics tests around vendors, customers or employees
  • Expand your knowledge and library of available anti-fraud tests and behavioral algorithms
  • Align the right tests to the appropriate risks
  • Practical applications and use cases

Course Materials

Faculty

Vincent M. Walden, CPA, CFE's Profile

Vincent M. Walden, CPA, CFE Related Seminars and Products

CEO

Kona AI


Vincent Walden is CEO of Kona AI, a global, AI-driven technology company focused on anti-fraud, anti-corruption and compliance risks. He specializes in forensic data analytics, continuous controls monitoring, information governance and legal discovery services. With over 25 years of professional anti-fraud and forensic technology experience, his primary area of focus is in providing leading technology innovations on both proactive compliance programs and reactive investigations.


Prior to joining Kona AI, Mr. Walden was a Managing Director at Alvarez & Marsal’s (A&M) Disputes & Investigations practice for approximately three years.  Prior to A&M, Mr. Walden spent 14 years at Ernst & Young’s Forensic & Integrity Services Practice in Dallas, New York and Atlanta, where he served as a Partner for nine years leading a global team of forensic data analytics professionals and supporting white-collar investigations. Before EY, he worked at KPMG and Arthur Andersen. During his career, he also served as President and CFO of a privately-funded Internet company, which was subsequently sold to a Fortune 500 Company in 2001.


As an industry thought leader, Mr. Walden was recognized as “Certified Fraud Examiner of the Year” in 2022 and has been featured in many publications including Internal Auditor Magazine, Compliance Week, Forbes, The Wall Street Journal, Harvard Business Review and The Economist. Since 2018, he has been a regular columnist for FRAUD Magazine writing on anti-fraud innovation. As part of COSO’s Anti-Fraud Task Force, Mr. Walden co-authored its “Fraud Risk Management Guide”, which was released in September 2016 and was also part of the 2023 update. He also teaches Compliance Innovation as an Adjunct Professor at Fordham Law School in New York. 


Mr. Walden earned a bachelor’s degree in business administration from the University of Southern California. He completed the Harvard Leadership Program at Harvard Business School and is a Certified Public Accountant and a Certified Fraud Examiner. Mr. Walden also volunteered as the President of The Association of Certified Fraud Examiner’s Education and Research Foundation (2017-2021), which provides academic scholarships to students and anti-fraud research to qualified recipients. 


Dates

Sat, Apr 13, 2024 - 10:00am to 11:01am AKDT
Mon, Apr 22, 2024 - 12:00pm to 01:01pm AKDT
Thu, May 09, 2024 - 06:00am to 07:01am AKDT
Tue, May 28, 2024 - 08:00am to 09:01am AKDT
Thu, Jun 06, 2024 - 10:00am to 11:01am AKDT
Fri, Jun 14, 2024 - 12:00pm to 01:01pm AKDT
Tue, Jun 25, 2024 - 02:00pm to 03:01pm AKDT
Fri, Jul 12, 2024 - 08:00am to 09:01am AKDT
Wed, Jul 24, 2024 - 10:00am to 11:01am AKDT
Fri, Aug 02, 2024 - 12:00pm to 01:01pm AKDT
Sat, Aug 24, 2024 - 06:00am to 07:01am AKDT
Wed, Sep 11, 2024 - 08:00am to 09:01am AKDT
Mon, Sep 23, 2024 - 10:00am to 11:01am AKDT
Thu, Oct 03, 2024 - 02:00pm to 03:01pm AKDT
Tue, Oct 29, 2024 - 06:00am to 07:01am AKDT
Sat, Nov 09, 2024 - 08:00am to 09:01am AKST
Wed, Nov 20, 2024 - 10:00am to 11:01am AKST
Tue, Dec 03, 2024 - 02:00pm to 03:01pm AKST
Sat, Dec 14, 2024 - 06:00am to 07:01am AKST
Fri, Dec 27, 2024 - 08:00am to 09:01am AKST
Wed, Jan 15, 2025 - 12:00pm to 01:01pm AKST
Tue, Jan 28, 2025 - 03:00pm to 04:01pm AKST
Mon, Feb 03, 2025 - 08:00am to 09:01am AKST
Sat, Feb 22, 2025 - 07:00am to 08:01am AKST
Tue, Feb 25, 2025 - 10:00am to 11:01am AKST
Mon, Mar 10, 2025 - 12:00pm to 01:01pm AKDT
Mon, Mar 24, 2025 - 06:00am to 07:01am AKDT
Tue, Apr 01, 2025 - 08:00am to 09:01am AKDT
Wed, Apr 16, 2025 - 10:00am to 11:01am AKDT
Sat, May 10, 2025 - 12:00pm to 01:01pm AKDT
Fri, May 30, 2025 - 06:00am to 07:01am AKDT
Mon, Jun 09, 2025 - 08:00am to 09:01am AKDT
Mon, Jun 16, 2025 - 10:00am to 11:01am AKDT
Thu, Jun 26, 2025 - 12:00pm to 01:01pm AKDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation  None
Designed For

CPAs, including external auditors, Internal Auditors, Certified Fraud Examiners and Investigators & Risk and Compliance Professionals
 

 


Original Recording Date 05/22/2023
Yellow Book No
Course Developer Vincent Walden
Date Added to Catalog 05/22/2023

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

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