Rita Crundwell: Largest Municipal Theft in U.S. History

Description

Incredible story of how a high school graduate stole $53 MILLION from a town of 16,000 people with a $10 million budget.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

• A fraud so outrageous, it's a movie
  
• Were the auditors independent?
  
• How Crundwell evaded detection for 20 years
  
• Impact on CPAs' license
  
• How did the auditors assess risk?
  
• What audit procedures were performed, or not
  
• Fake documents Crundwell created
  
• Did the auditors detect the fraud?
  
• Actual court filings for the malpractice lawsuit
  
• What were the malpractice allegations?
  
• How much the fraud cost the auditors
  
• What happened to Crundwell's family
  

Objectives

What you will learn:

• How to comply with independence requirements
  
• How to maintain professional skepticism
  
• How to comply with the requirement to be competent
  
• How to identify conflicts of interest
  
• Simple controls that would have deterred the theft
  
• The damage of a malpractice lawsuit
  

Designed For

City managers, mayors, fiscal officers, CPAs, bankers, executives, internal auditors, regulators, controllers, purchasing,, attorneys, compliance officers, risk managers