Chicago, IL (PRWEB) September 16, 2015 -- Singapore is the site of an international accounting conference to be conducted by accounting expert Barry Jay Epstein, Ph.D., CPA, CFF, principal of Epstein + Nach LLC (http://www.epsteinnach.com).
The event, titled “Fighting Financial Reporting Fraud: A Shared Responsibility for Management and Auditors,” is sponsored by Morison Consulting Singapore Pte. Ltd.
“I am honored to address this esteemed international audience of business management, accountants, auditors, and fraud examiners,” said Dr. Epstein. “As a practicing accountant and frequent expert witness who has consulted or testified on more than 140 cases, I will be sharing real-world insights on fraud detection with conference attendees.”
The cost of fraud is estimated to be at least 5 percent of revenues, according to the Association of Certified Fraud Examiners, translating to $3.7 trillion in global fraud losses annually. In Part I of the conference, attendees will learn about the most common types of business fraud, various criminological and sociological models of fraudulent behavior, the fraud triangle, and the importance of internal controls in deterring and preventing fraud.
Dr. Epstein will provide detailed analyses of selected major financial frauds such as Enron, WorldCom and Parmalat—a number of which he has professionally advised on in his role as a consulting and testifying expert—and their audit implications during Part II of the conference.
Methodologies for detecting fraudulent financial reporting will be addressed in Part III of the seminar. Participants will learn how to identify fraudulent activity through the application of advanced analytical review procedures and other techniques. The distinctions between fraud auditing and routine financial statement auditing under international standards on auditing will also be covered.
Advanced forensic tools for fraud prevention will be the focus of Part IV. Attendees will learn about predictive models of impending corporate bankruptcies, including the venerable Altman Z-Score, which recent research has shown to be useful as an indicator of financial reporting fraud itself, as well as respected but not widely employed models such as the Beneish M-Score. According to Dr. Epstein, the goal will be to provide attendees with ready-to-use tools that can impact their business operations and professional practices.
Registration information is available at http://www.morisonconsultingsingapore.com/.
Following the Singapore conference, Dr. Epstein will also participate in The Morison International Asia Pacific annual conference, being held on the 29-31 October 2015 in Phnom Penh, Cambodia. Morison International is a global association of independent accountants, auditors, tax advisers, business consultants and lawyers.
ABOUT EPSTEIN + NACH LLC
Epstein + Nach LLC is an international financial reporting consulting firm concentrating in forensic accounting, litigation consulting and expert testimony, technical consultations, engagement quality control review (EQCR), internal inspections, and training for accountants and auditors.
Dr. Barry Jay Epstein, CPA, CFF, is a widely-published international accounting and auditing expert in U.S. Generally Accepted Accounting Principles, International Financial Reporting Standards, and Generally Accepted Auditing Standards. He authored the 3,000 page reference, The Handbook of Accounting and Auditing, now published by Thomson Reuters, from 1988 through 2013. Dr. Epstein also served as the lead author of 26 annual editions of Wiley GAAP (1985-2010), and 14 annual editions of Wiley IFRS (1997-2010), both published by John Wiley & Sons.
Recent white papers by Dr. Epstein, all available on the publications page at http://www.epsteinnach.com, include:
• Revenue Recognition: Fraud and Financial Reporting Risk
• Auditor Liability and Professional Skepticism
• Accounting for Leases: Significant Financial Reporting Changes for Lessees and Lessors
• Non-GAAP Measures of Performance and SEC Regulation G
Mr. Ralph Nach, CPA, is the author, instructional designer, and facilitator of the popular annual Accounting and Auditing Clinic™ continuing professional education program. He has served as author, co-author, contributing author, or technical editor of a number of widely-utilized technical reference works, including PPC’s Interactive Disclosure Library, PPC/Thomson Reuters, 2011; PPC’s Guide to Preparing Financial Statements, PPC/Thomson Reuters, 2010; Wiley GAAP (2001–2010), John Wiley & Sons; and The Handbook of Accounting and Auditing, Warren, Gorham & Lamont, 1999.
Epstein + Nach LLC is based in Chicago, Ill. Details are available at http://www.epsteinnach.com or 312-464-3520.
Margaret Grisdela, Legal Expert Connections, http://www.legalexpertconnections.com, +1 (561) 266-1030, [email protected]