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Fraud Detection and Prevention - Tools to Protect Your Law Firm and Your Clients

Date: Tuesday, September 20th 2011
Time: 3:00 - 5:00 p.m
Location: Red Star Club Room 503 SW Alder, Portland

Credit Type(s): General Credit

Note: This class will be followed by a hosted reception

Even with the tightest internal controls, nearly every business is subject to fraud risk today, and law firms are no exception. Surveys by the Association of Certified Fraud Examiners (ACFE) indicate that U.S. businesses lose 5% of their annual revenues to fraud. The risk for fraud increases as companies and law firms operate globally, rely more on information technology and generate more complex transactions. With so many risk factors, it can be difficult to detect and correct fraud. Occupational fraud schemes frequently continue for years before they are detected. The typical fraud in the ACFE study lasted two years from the time it began until the time it was caught by the victim organization.

The first hour of this two-part seminar will address how to detect and prevent fraud. Bill Douglas of Cost Advisors, Inc. will discuss the prevalence of occupational fraud and how to prevent it. In the second hour, Katherine Heekin of the Heekin Law Firm will address legal issues in employee fraud that arise once it has been detected. She will address investigation issues, employee discipline and termination, and methods available to recoup losses. The class will be moderated by Elise Bouneff of Bank of the Cascades, and a one-hour networking reception will follow from 5:00 to 6:00 p.m. Hors d' oeuvres and beer and wine will be available at the reception.

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