Please join us for the Columbia Chapter: IMA Facilitator-led Ethics Workshop: Misplaced Trust | Devastating Fraud on April 25, 2023 at 12:00 PM EDT
This course will discuss the IMA Educational Case Journal (IECJ) case study, based on a true story that examines the embezzlement of funds by a high-ranking, trusted administrator in the Beaumont Independent School District (BISD) in Beaumont, Texas. Patricia Adams Lambert diverted more than $500,000 for both personal and a family member’s financial gain. This activity occurred from 2007 to 2013 while she was employed by the BISD. The lack of internal controls at the organization directly contributed to devastating fraud. This case study considers one of the accepted models that can be used to assess and manage risk in an organization, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 Internal Control-Integrated Framework. We also consider the evaluation of an ethical dilemma and working with internal control systems and the IMA Statement of Ethical Professional Practice.
Learning Objectives:
After this session, you will be able to:
- Apply COSO's Internal Control - Integrated Framework in evaluating an internal control system
- Examine the importance of proper monitoring in an organization
- Recognize the relationship between proper governance and unethical acts
- Determine appropriate steps in resolving an ethical issue
CPE Credit: 2.0 NASBA CPE credits
Delivery Method: Group-Internet
Field of Study: Behavioral Ethics
Level: Basic
Prerequisites/Advanced Preparation: Download Case Study Note-Taking Guide.
For more information about IMA official NASBA sponsor, refund/cancellation policy, and complaint resolution policy, please click here: IMA CPE Info
Registration is mandatory to participate. To ensure accurate CPE reporting, please provide your correct IMA member number as listed in your IMA membership profile. Your first and last name should also be as per your IMA profile. If any details are incorrect this could delay your CPE credits being reported to your transcript and error with your certificate of attendance.
Non-IMA members, put "N/A" in Member number field.
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