CONTINUING PROFESSIONAL EDUCATION FOR FRAUD FIGHTING PROFESSIONALS
OUR NOVEMBER-DECEMBER 2019 LECTURE IS ‘OCCUPATIONAL FRAUD – IDENTIFYING THE MOTIVATION’ FOR 2 CPE CREDITS!
CHAPTER OFFICERS FOR THE CHAPTER YEAR 2019
Charles W. Lawver, CFE – President & Webmaster
Rumbi Bwerinofa – CFE – Vice – President
Marlyn Jones – CPA – Secretary – Treasurer
Jerry Hall – CFE – Training & Special Events Coordinator
November-December 2019 Message from Charles Lawver, 2019 Richmond Chapter President
TRANSITION TO NEW CHAPTER OFFICERS FOR 2020!
As I indicated to you in my Special Announcement of last week, I am currently engaged in the effort to identify Central Virginia Chapter members who may be interested in being my replacement as President and Webmaster. In addition, in order to comply with national ACFE’s Chapter Annual Recertification requirements, we will have to empanel a new slate of Chapter officers for 2020.
I would be happy to discuss the issues involved with any of you who are interested in serving. Please e-mail me at firstname.lastname@example.org; please include a phone number.
This month’s lecture for Chapter Members
This month’s lecture is OCCUPATIONAL FRAUD – IDENTIFYING THE MOTIVATION for two CPE credits.
Numerous studies by the ACFE and others show that anyone can commit fraud. Fraud perpetrators usually cannot be distinguished from other people on the basis of demographic or psychological characteristics. People who commit fraud are usually good people who consider themselves to be honest–they just got caught up in a bad situation as a result of pressure, opportunity and rationalization.
As to motivation, people commit fraud because of a combination of perceived pressure, rationalization and opportunity. The majority of frauds start small as a result of immediate financial need. Once individuals gain confidence in their fraudulent scheme, the fraud continues to get larger and larger until it is discovered.
People become involved in already existing fraud schemes as a result of power that it exercised over them by another individual. The five types of power include reward, coercive, expert, legitimate and referent. It is through either one or a combination of the exercise of several types of power that a potential perpetrator is influenced to become involved in a fraudulent scheme. Enjoy!
Our LinkedIn Page
We encourage all of you to check out the Chapter’s LinkedIn page periodically for announcements about what’s going on with the Chapter and to leave any comments or posts by starting a discussion on the page…if you don’t have a LinkedIn page, it’s easy to set one up for yourself (its free) and then select our ACFE group page to follow.
Also, we are asking all Chapter members to please follow our blog TheInnerAuditor. There you will find blog posts from myself and from guest posters. If any of you would like to share a guest post on any fraud related topic, please send the text to me at email@example.com and I’ll see that it gets published on the blog. So, please give us a look periodically at our LinkedIn site and at our blog. As always, I look forward to speaking with any of you with comments or suggestions about how we can all make our Chapter stronger and better. I can be reached at firstname.lastname@example.org.”