ACFE/IIA joint session on Reaction to Fraud:
On November the 27th we were pleased to bring in a lawyer specializing in Fraud to give ~35 snow bound people in Saskatoon insights into typical legal issues involved in reacting to indications of Fraud.
David Debenham, an Ottawa lawyer, drew on his background as a CFE, CMA, and an alphabet soup of other designations (BA, MBA, LLB, LLM, DIFA & CFI) to stress how important it was to consider various objectives before deciding on the proper reaction.
He then covered a number of topics including:
· effect of publicity on the victim,
· public need for punishment,
· need for action as fraud prevention.
· the rights of the accused? (or how to avoid being sued….)
· privacy legislation
· what are the legal implications of discovering indications of fraud?
· what if you do nothing?
· can officers, employees & the BOD be held personally liable if: a) fraud is not prosecuted? b) the employee is fired without recovery
· the top 10 things to consider when investigating a fraud
· limits on a fraud investigation
· surreptitious investigations
· legal techniques to recover losses
Those in attendance were reminded (numerous times) that if they had questions, they could simply buy one of his books on Fraud:
ParkTown Hotel - Saskatoon