Los Angeles, CA
FSS Fraud & Financial Investigations and Economic Damages Sections Joint Meeting | SFS50224
Date: Feb. 23, 2024
Time: 8 a.m. – 4 p.m. PT
CPE: 6
Member
$145.00
Nonmember
$165.00
Members, log in to access your discount.
Overview
8-9am - Sign in, breakfast, networking
9-10:30am - Session 1: "Illegal Acts and the Investigations Required to Resolve Concerns" - CPE: 1.5, (A&A, FR, Ethics, MCLE)
Speakers: Holly Carr – Managing Director, Forensics, BDO USA
Jesse Daves – Principal, Forensics, BDO USA
Andrew Galvin – Partner, Barnes & Thornburg LLP
Trace Schmeltz – Partner, Barnes & Thornburg LLP
- Section 10A of the Securities Exchange Act of 1934 requires auditors to inform a public company’s board of directors of illegal acts that materially affect the organization’s financials when those acts are not being remediated timely and appropriately. The board then has 24 hours to notify the U.S. Securities and Exchange Commission. Then what? Boards will engage independent external parties to conduct an investigation and the auditor may delay issuing an opinion until the matter is resolved. This discussion will breakdown 10A investigations by leveraging a case study and examining the perspectives of the board, the auditor and the independent investigator.
10:45am-12pm - Session 2: "Confronting Emerging Financial Threats and Cybercrime: Case Studies on Use of Financial and Accounting Techniques to Combat Leading-Edge Fraud" - CPE: 1.5 (A&A, FR, MCLE)
Speaker: Kevin Mokhtari, Assistant U.S. Attorney, U.S. Attorney's Office
- We are dealing with a tsunami of financial cybercrime and financial fraud targeting Americans. This presentation includes a discussion of the landscape of emerging financial threats and cybercrimes, including case studies demonstrating how financial and accounting techniques and evidence are used to combat leading-edge fraud schemes and cybercrime. We will also discuss the elements of mail and wire fraud, securities fraud and money laundering and walk through how financial evidence can help establish the elements of those crimes.
12:10-1pm - Working Lunch - Session 3: "Cybersecurity in 2024 and How to be Ready" - CPE: 1.0
Speaker: Tracy Wilkison, Senior Managing Director in Cyber Security at FTI Consulting
- Using her experience as a career cyber prosecutor and expert, Tracy will discuss what to expect with cybersecurity and data privacy in 2024, as well as practical tips to ensure that your business is cybersecure.
1:15-3pm - Session 4: "Dynamics of Compliance Monitorship" - CPE: 2.0 (A&A, FR, MCLE)
Speakers: Kyle Shafer, Manager, CliftonLarsonAllen (CLA) Forensic Services
Chris Flacker, Director, CliftonLarsonAllen (CLA) Special Advisory Services: Valuation, Forensics, Litigation, and Investigations
Ana Rodriguez, Manager, CliftonLarsonAllen (CLA) Forensic Services
- The case study examines the responsibilities of a forensic accountant in a court-ordered independent monitorship. The monitorship included various tasks, such as assessing the tone at the top, evaluating internal controls, ensuring the integrity of accounting software, conducting thorough testing with an audit trail, and providing training on anti-money laundering awareness and best practices for workflow automation.
3-4pm: Happy hour with hosted networking reception
- Network with colleagues over hosted appetizers and drinks.
Product Code
FSFSE0224
Credit Type
CPE: 6CPE-AA: 1.5CPE-ET: 1.5CPE-FR: 1.5CPE-Technical: 1.5MCLE: 1.5Format
In-Person
Intended Audience
CPAs, attorneys, and other forensic accounting professionals
NASBA Field of Study
Specialized Knowledge
Level of Difficulty
Update
Learning Objectives
Major Subjects
- Section 10A of the Securities Exchange Act of 1934
- The lead up to a 10A matter from the auditor and board's perspective
- The decision to hire independent investigators and special considerations
- What happens during a 10A investigation?
- What to expect, how to keep things focused and on topic for timely execution
- How 10As are resolved and financial statements issued with an auditor opinion
- The landscape of emerging financial threats and cybercrimes
- Case studies demonstrating how financial and accounting techniques and evidence are used to combat leading-edge fraud schemes and cybercrime
- Elements of mail and wire fraud, securities fraud, and money laundering
- Securities fraud
- Investigations involving the gig-economy
- Cybercrime
- What to expect with cybersecurity and data privacy in 2024
- Practical tips to ensure your business is cybersecure
- Responsibilities of a forensic accountant in a court-ordered independent monitorship
Agenda
9 – 10:30 a.m. PT
Session 1: Illegal Acts and the Investigations Required to Resolve Concerns | SFS502241
Speaker(s)
Holly CarrAndrew GalvinJesse DavesTrace Schmeltz
10:45 a.m. – 12 p.m. PT
Session 2: Confronting Emerging Financial Threats and Cybercrime: Case Studies on Use of Financial and Accounting Techniques to Combat Leading-Edge Fraud | SFS502242
Speaker(s)
Kevin Mokhtari
12 – 1 p.m. PT
1:15 – 3 p.m. PT
Session 4: Dynamics of Compliance Monitorship | SFS502244
Speaker(s)
Ana RodriguezChris Allen FlackerKyle Shafer
Faculty
Holly Carr
Holly is a Managing Director in BDO’s Forensics Practice. She is a Certified Public Accountant with over 20 years of experience that has achieved the accounting trifecta: Big Four auditor, Fortune 500 financial statement preparer and 10+ years as a financial regulator. Most recently, Holly served as Assistant Director in the Division of Enforcement at the U.S. Securities and Exchange Commission leading market intelligence operations. Holly pla...
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Jesse Daves
Jesse is a Principal in BDO’s Forensics practice. He is a Certified Public Accountant and a Certified Fraud Examiner with more than 25 years of experience providing audit, forensic accounting and investigative services to clients across a wide range of industries including energy, specialty chemicals, real estate and manufacturing. Mr. Daves has conducted fraud-related investigations involving numerous issues, including alleged violations of ...
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Chris Allen Flacker
Chris is a director at CLA’s Century City office since January 2021. He is anaccomplished, former IRS Federal Special Agent with more than 21 years of experience leading investigations of criminal tax fraud, money laundering, and other financial crimes. Chris has federal criminal and forfeiture trial experiences, including testifying in court and resolving discovery issues. He was also a Revenue Agent for almost seven years where he conducted ...
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Andrew Galvin
Drew Galvin brings nearly a decade of experience as an Assistant U.S. Attorney and provides counsel to clients facing complex civil and white collar criminal matters.As a former federal prosecutor in the U.S. Attorney’s Office for the Southern District of California, Drew investigated and prosecuted complex white collar matters, including securities fraud, extortion, tax offenses, art forgery, investment fraud, money laundering, procurement fr...
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Kevin Mokhtari
Kevin Mokhtari is an Assistant U.S. Attorney with the US Attorney's Office in San Diego where he has been for the last nine years. He is currently in the Major Frauds and Public Corruption Section and previously spent several years in the Organized Crime Drug Enforcement Task Force (OCDETF) section.During his tenure with the US Attorney's Office, he has prosecuted over 1,000 felony cases and handled dozens of long-term, multi-agency investigat...
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Ana Rodriguez
Ana is a manager with 10 years of experience in forensic accounting and auditing, fraud investigations, internal control review and analysis, and litigation support. Ana has served clients in many industries, including education, state and local government, health care, nonprofit, employee benefit plans, and other for‐profit entities. Ana has investigated numerous allegations of conflicts of interest, employee embezzlement schemes and other as...
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Trace Schmeltz
As co-chair of the Financial and Regulatory Litigation group, Trace Schmeltz has refined his approach to financial matters while representing corporations and financial services firms in high-profile matters before forums such as the Delaware Court of Chancery and the Securities and Exchange Commission.Trace’s practice is broad and deep. He advises on virtually all areas of commodities, securities, mergers and acquisitions and white collar cri...
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Kyle Shafer
Kyle is a manager with more than nine years of experience in public accounting. He conducts fraud investigations and provides litigation support in civil cases and has prior experience supervising assurance engagements and preparing tax returns. He has served clients in many industries including K-12 districts, higher education, state and local government, tribal government, healthcare, nonprofit entities, credit unions, and other for-profit e...
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Tracy Wilkison
Tracy Wilkison is a Senior Managing Director with more than 20 years of cybersecurity, national security, litigation and consulting experience. Ms. Wilkison advises clients on their most complicated cybersecurity challenges, from readiness and gap assessments to regulation, enforcement, incident response and complex cybersecurity investigations.Prior to joining FTI Consulting, Ms. Wilkison served as the United States Attorney at the United Sta...
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