Jonathan Marks, Partner, Advisory Services, Marcum LLP, will be speaking at the Association of Certified Fraud Examiners (ACFE) 29th Annual Global Fraud Conference in Las Vegas.
Management Override of Controls (Track 9A)
The risk of management override of internal controls to commit fraud exists in any organization. When the opportunity to override internal controls is combined with powerful incentives to meet accounting objectives, senior management might engage in fraudulent financial reporting.
This session will examine management override, focusing on the differences between the override of existing controls versus other, more prevalent breakdowns. It will also explore actions to help mitigate the threat of management override, approaches to auditing for management override and the psychology behind management's override of controls.You Will Learn How To:
- Identify red flags of management overriding controls
- Ascertain an approach to auditing for management override
- Assess the latest trends and research regarding management override of controls
- Develop a better fraud risk assessment that highlights areas and gatekeepers that might have a greater chance of overriding controls