Session Description:
In this course, we will use the IMA Case Journal case study, “House Out of Control” to examine fraudulent activity that occurred due to a lack of internal control. The fraud was committed by the executive director, who misappropriated funds to meet personal needs. An investigation then ensued by the finance committee. This case considers the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 Internal Control – Integrated Framework, evaluation of an ethical dilemma, working with internal controls systems, and the revised IMA Statement of Ethical Professional Practice.
Learning Objectives:
After this session, you will be able to:
- Recognize the importance of having internal controls in nonprofit organizations with small staffs.
- Examine the investigative process of reviewing and gathering data.
- Identify how to deal with conflict situations when having to report to different persons of authority.
- Determine how the ethical standards outlined in the IMA Statement of Ethical Professional Practice provide valuable guidance when faced with ethical decisions.
CPE Credit: 2.0 NASBA CPE credits
Delivery Method: Group-Internet
Field of Study: Ethics
Level: Basic
Prerequisites/Advanced Preparation: None
For more information about IMA official NASBA sponsor, refund/cancellation policy, and complaint resolution policy, please click here: IMA CPE Info
Registration is mandatory to participate. To ensure accurate CPE reporting, please provide your correct IMA member number as listed in your IMA membership profile. Your first and last name should also be as per your IMA profile. If any details are incorrect this could delay your CPE credits being reflected on your transcript and certificate being issued for this session.
Link to Registration: https://event.on24.com/wcc/r/3160545/8EDBE7F615B00FF9EAF4F5D56BA00FCD
Speakers:
Dr. Sue Cooper PhD, CMA, MBA
Assistant Professor of Accounting
Salisbury University
Jim Kaylor, MBA, CMA
Director of Sales Reporting and Analysis
Perdue Foods