Training Doyens

Accounts Payable Fraud After the Sarbanes–Oxley Act was passed in the year 2002, many firms were forced to review their internal controls for Accounts Payable. Although implementation of effective internal controls could be a tedious job, it could prove to be  extremely beneficial in preventing frauds . One of the most common ways in which a company can encounter significant financial losses is Accounts Payable fraud. It’s often perpetrated by the employees of the organization and could go undetected for a long period of time leading to major losses. The signs for such frauds cannot be always easily observed. But fortunately, there are effective strategiesto detect and prevent accounts payable frauds. However, once you detect the crime, it’s quite easy to identify the offender as there are always paper trails leading to the perpetrator. Take a look at some of the effective strategies to detect and prevent Accounts Payable fraud: Check Invoice Peculiarities Check for ...

Cyber security threats are heightening day by day and businesses, whether big or small, must take appropriate measures to strengthen their cyber security policies. Technologies are advancing and hackers are adopting more and more sophisticated techniques for data breaches, costing organizations millions. And, in addition to monetary loss, data breaches also damage the reputation and client relationships.  Cyber-attacks are on the rise and there is an increased need of training the staff to become more vigilant towards protecting sensitive data and passwords, and identifying threats. Here are a few  techniques to strengthen the cyber security of your organization : Protect Your Devices Virus or malware can severely affect your computer systems and mobile devices. Protect your devices with appropriate security software like anti-spyware, anti-virus and anti-spam filters. Also ensure that your security software is up-to-date and contains all the security upgrades related...

OVERVIEW Russians Hacking the Elections, Activist Hacking for Political Reasons, Competitors Hacking each other.  Fraudsters hacking for Profit, Hackers for Hire.   Know why you are a target; learn how to incorporate policies and procedures and to test for the effectiveness of those policies and procedures.   Learn what you may be liable for even if you have a cyber plan. The regulators are constantly issuing alerts, and enforcements in the area of cyber-security in the financial industry .  They do this as a way to help protect the investor and maintain capital formation.  Advisors, Custodians, and Third Parties all work together to offer services to the Investor and each has a responsibility to keep the clients personal identifiable information safe as well as to defend and remediate in the case of an incident.  This session will review the cyber security landscape in the financial services industry. WHY SHOULD YOU ATTEND Comput...

Interesting cyber-security facts

OVERVIEW On a number of occasions I have been brought in to lead projects addressing recently discovered compliance failures .  We will discuss a number of these as real case studies.  It is more common than you might think because no one is going to present in a seminar or industry meeting how they got in trouble, how they worked their way out, and how they dealt with the relevant regulators.  So there is very little learning from mistakes within the industry.  This is a chance to share some of this learning. Compliance Failure WHY SHOULD YOU ATTEND There is increasing discussion that, rather than punish stockholders, individual officers should be personally held accountable for their decisions causing failures to act in compliance.   Already the Sarbanes-Oxley law specifically requires that companies, including banks, have accurate financial reports as well as sound controls as required to assure the material accuracy of those reports....

OVERVIEW There have been significant deficiencies over the years sinceThe Custody Rule was amended.    It is imperative for Advisers to understand the rule and how to effectively manage and oversee the policies and procedures surrounding it in order to properly secure their clients’ assets and to avoid significant regulatory enforcement and penalties.  We will analyze best practices for the financial services industry to take in regards to the regulatory or “The Custody Rule”.  We will explain the rule and the potential effect it may have on your firm and clients. SEC-registered investment advisers who have custody of their clients’ funds or are deemed to have custody of their clients’ assets under the rule must safeguard those assets as required by the SEC’s “custody rule.  The custody rule is designed to provide additional safeguards for investors against the possibility of theft or misappropriation by investment advisers who are registered with the SEC....

OVERVIEW The best ways to leverage an internal audit department as theorganization becomes CECL compliant are explained in this session. Participants will learn what IA can or cannot do and how the internal auditors can assist in ensuring that CECL processes are robust and complaint with regulator expectations. With all the attention placed on CECL, it is important that organizations utilize all resources available to them. Also, Internal Audit is in a unique position to help the organization develop and implement CECL processes. This webinar provides both parties with real time ideas on how the Internal Audit department can provide consultative expertise during development and then independent testing during implementation, thereby assuring management that CECL controls are sustainable and effective. Bank Regulatory Compliance WHY SHOULD YOU ATTEND Auditors Audit Leaders CFO’s Financial Management Teams Risk Managers Risk Staff Operations Managers and Staff A...

OVERVIEW Russians Hacking the Elections, Activist Hacking for Political Reasons, Competitors Hacking each other.  Fraudsters hacking for Profit, Hackers for Hire. Know why you are a target; learn how to incorporate policies and procedures and to test for the effectiveness of those policies and procedures. Learn what you may be liable for even if you have a cyber plan. The regulators are constantly issuing alerts, and enforcement in the area of cyber-security in the financial industry.  They do this as a way to help protect the investor and maintain capital formation.  Advisors, Custodians, and Third Parties all work together to offer services to the Investor and each has a responsibility to keep the clients personal identifiable information safe as well as to defend and remediate in the case of an incident. This session will review the cyber security landscape in the financial services industry. Interests in Financial Services WHY SHOULD YOU ATTEND ...