Training & Events

“Closing the Gaps” What Boards and Managers need to know about Fraud Prevention for Electric Cooperatives

Dates: Dec 13, 2017   2017-12-13 2017-12-13 America/Chicago “Closing the Gaps” What Boards and Managers need to know about Fraud Prevention for Electric Cooperatives Who Should Attend:  All of those charged with Corporate Governance at Electric Cooperatives, including Directors, CEOs, Managers and legal counsel   Pre-requisite:  None   Description:  Fraud lives in the gaps left by ineffective policies and procedures or by employees not following any policies and procedures.  It is often difficult for those in charge to know all of the issues surrounding the design, implementation and monitoring of a sound Cooperative business structure.   Attendees will be able to use this session to immediately address potential gaps in their own policies and procedures by learning types of frauds that pertain to Electric Cooperatives and unique issues that should be addressed by every Board of Director such as the following:   What is my role as a Director in detecting and deterring fraud? How may the Cooperative management team find any potential gaps in process? What are some specific types of fraud that relate to the Electric cooperative? What is the difference between a Financial Audit and an Internal Control Review? Randy C. Wilborn of Region’s Commercial Product Management and Keith Barnett of Region’s Corporate Security will address fraud prevention and awareness. Their presentation address current fraud issues and trends then educates and makes the attendees aware of keys to prevention.  Areas covered to include traditional fraud schemes, cyber fraud and emerging frauds, payment fraud, fraud prevention solutions and resources to help address fraud.  AREA Office Alabama Rural Electric Association mtemple@areapower.com
Location: AREA Office

Who Should Attend:  All of those charged with Corporate Governance at Electric Cooperatives, including Directors, CEOs, Managers and legal counsel

 

Pre-requisite:  None

 

Description:  Fraud lives in the gaps left by ineffective policies and procedures or by employees not following any policies and procedures.  It is often difficult for those in charge to know all of the issues surrounding the design, implementation and monitoring of a sound Cooperative business structure.   Attendees will be able to use this session to immediately address potential gaps in their own policies and procedures by learning types of frauds that pertain to Electric Cooperatives and unique issues that should be addressed by every Board of Director such as the following:

 

What is my role as a Director in detecting and deterring fraud?

How may the Cooperative management team find any potential gaps in process?

What are some specific types of fraud that relate to the Electric cooperative?

What is the difference between a Financial Audit and an Internal Control Review?

Randy C. Wilborn of Region’s Commercial Product Management and Keith Barnett of Region’s Corporate Security will address fraud prevention and awareness. Their presentation address current fraud issues and trends then educates and makes the attendees aware of keys to prevention.  Areas covered to include traditional fraud schemes, cyber fraud and emerging frauds, payment fraud, fraud prevention solutions and resources to help address fraud. 

Registration for this event is now closed.