Agenda. 10:20-12:00 Lily Shue, CISA, CISM, CCP, CGEIT, edelta Consulting, Ltd. - "Credit Card Fraud and PCI DSS Compliance Requirements"

Transcription

1 !\...UTGERS Rutgers Business School Newark and New Brunswick Registration October 28, 2009 Room 228 One Washington Park Newark, NJ Rutgers University Fraud Seminar Earn up to 8 credits in auditing as an attendee Agenda 8:00-8:30 Registration and Continental Breakfast 8:30-10:10 Darryl S. Neier, CFE, MS and Rebecca B. Fitzhugh, CPA, CFE, CV, Sobel & Co. - "The In's and Out's of Monitoring Construction Sites" 10:20-12:00 Lily Shue, CISA, CISM, CCP, CGEIT, edelta Consulting, Ltd. - "Credit Card Fraud and PCI DSS Compliance Requirements" 12:00-1:00 Lunch 1:00-2:40 Board Member - The Institute for Internal Controls "Financial Shenanigans - Accounting Gimmicks Used to Commit Financial Statement Fraud" 2:50-3:40 Irv Schwarzbaum, CPA, MBA, CIRA, CFE, CFF, CICA, J.H. Cohn LLP "What Managers Need to Know About Business Fraud" 3:40-4:30 Patricia Jarrach, Esq., CFE, CICA, Marino, Mayers & Jarrach, LLC "Protecting Inventory - A Case Study"

2 Darryl S. Neier, CFE, MS and Rebecca B. Fitzhugh, CPA, CFE, CV, -Sobel & Co. - "The In's and Out's of Monitoring Construction Sites" Drawing on real life experiences, Mr. Neier and Ms. Fitzhugh will share their insights on the role, the responsibilities, and the advantages of a monitorship - specifically in the areas of fraud, waste and abuse regarding Construction Sites. Darryl S. Neier, CFE, MS Darryl Neier, a Principal of the firm, is in charge of the Forensic Accounting / Litigation Support Group. He holds this role because of the unique experiences he brings to the firm. Having spent 20 years with the Morris County New Jersey Prosecutor's Office, retiring as a Detective Sergeant, Mr. Neier has been involved in the detection and prevention of fraud in a variety of situations and cases. Mr. Neier has been involved in domestic and international engagements involving forensic accounting (criminal and civil fraud investigations, banks and shareholder disputes; computer forensics; business valuation;, fraud vulnerability studies; loss profits calculation; damage claim analysis; asset recovery; due diligence review; discovery production; intellectual property investigations; anti-money laundering compliance and expert witness testimony). He is also a faculty member at New York University along with Utica College and is a certified instructor with the National White Collar Crime Center. Mr. Neier holds a Master of Science degree in Economic Crime Management from Utica College of Syracuse University and a Bachelor of Science degree in Accounting from William Paterson University. Rebecca B. Fitzhugh, CPA, CFE, CV Ms. Fitzhugh is a Senior Manager in the Forensic Accounting/Litigation Services Group at Sobel & Co., LLC. Her background includes forensic accounting and litigation support, public accounting and marketing communications, giving her a unique viewpoint from which she is able to serve a variety of clients as a trusted advisor. Rebecca earned a Bachelor of Arts degree in Political Science from Union College and a Master of Business Administration degree at the State University of New York at Binghamton. Rebecca is a Certified Public Accountant licensed in New Jersey, a Certified Fraud Examiner and a Certified Valuation Analyst. She is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants, the Association of Certified Fraud Examiners, the National Association of Certified Valuation Analysts and the New Jersey Women Lawyers Association. Ms. Fitzhugh serves as an adjunct faculty member at New York University, where she teaches an exam review course for the Certified Fraud Examiner credential. She is also a 2003 graduate of Leadership Morris, a program designed for recognized leaders and for those professionals identified for future leadership responsibilities, whose business acumen and community consciousness will make a difference in Morris County.

3 Lily Shue, CISA, CISM, CCP, CGEIT- "Credit Card Fraud and PCI DSS Compliance Requirements" Credit Card Fraud and the failure to meet PCI DSS (Payment Card Industry Data Security Standard) are prevalent in today's economy. This presentation will discuss the standard basically required ofmerchants and member service providers (MSPs) who store, process or transmit cardholder data, i.e., to build and maintain a secure IT network, protect cardholder data, maintain a vulnerability management program, implement strong access control measures, regularly monitor and test networks and maintain an information security policy. Lily Shue, CISA, CISM, CCP, CGEIT Ms. Shue has extensive experience in the development and implementation of audit programs for assessing ISO 9001 :2000 Quality Management Systems (QMS), Sarbanes Oxley compliance, Identity Theft Red Flag Compliance, IT security assessments, system development audits and risk consulting for manufacturing and financial institution operations. She is currently a Director ofaudit and Compliance Services for edelta Consulting, Ltd. Ms. Shue is a member of the Rutgers University Continuous Auditing Research (CAR) Lab and Business Management Program Advisory Committee, a member of the ISACA New Jersey Chapter Board and Certification Program Chair. She was a Premier 100 honoree by the Computer World (2001), a recipient of the NY Chapter ISACA Joe Wasserman Award in 1996, and a recipient of the ISACA Silver Jubilee Award Ms. Shue was the Research Chair at ITOI ( ) and past president ofthe New Jersey Chapter ofisaca. In addition shes is a frequent guest speaker at various professional organizations including ISACA and IrA, an instruction for the CISA Review Course, IT Fundamentals and IT Audits for financial auditors. Ms. She received her BS from NYU and a Masters of Professional Science from New School University.

4 Board Member - The Institute for Internal Controls - "Financial Shenanigans Accounting Gimmicks Used to Commit Financial Statement Fraud" The passing of Section 401 of Sarbanes-Oxley was necessitated by the failure of internal controls in preventing the accounting gimmicks used to commit financial statement fraud. This presentation will discuss the seven categories of accounting gimmicks used at many of the violating companies such as Enron, WorldCom, and Adelphia. Presenter: The Institute for Internal Controls The Financial Shenanigans presentation will be made by a Board Member of The Institute for Internal Controls. TheIlC was established in 2003, by a group of auditing professionals and educators who were concerned with the failure of the auditing and oversight professions in uncovering and preventing the high profile financial frauds that have occurred over the recent years. It is based in Southern New Jersey, outside of Philadelphia. This professional certification organization is dedicated to promoting an effective internal controls environment in all organizations through accomplishment of its mission of education and professional certification. Each member of the institute designated as a Certified Internal Controls Auditor (CICA) or Certified Controls Specialist (CCS) has earned certification after a rigorous qualification process.

5 Irv Schwarzbaum, CPA, MBA, ClRA, CFE, CFF, CICA - J.H. Cohn LLP - "What Managers Need to Know About Business Fraud" Business fraud is in the headlines almost every day, and though it's commonly associated with the names of giant corporations, it is critical to note that without proper controls and oversight in place, it can impact any organization, of any size. When fraud is discovered, the first question often asked is, how? In this informative and thought-provoking session, you will learn the various ways that fraud can be committed, what you can do about it, and how to avoid it in the first place. Additionally, you wi11learn: How leadership, or lack thereof, can influence the occurrence or non-occurrence of fraud; Who are likely candidates to commit business fraud; The importance of internal controls in combating this phenomenon; How good communication can aid in thwarting business fraud; The role of a forensic examiner; and much more. Irv Schwarzbaum, CPA, MBA, ClRA, CFE, CFF, CICA is a Director with J.H. Cohn Business Investigation Services Group. He has expertise in forensic accounting, litigation support and bankruptcy. He has been involved and led the investigation of numerous forensic assignments relating to financial improprieties and misappropriation of assets. In addition, he has experience working with financially troubled companies, creditors during workout, turnaround and bankruptcy situations. Industry experience includes healthcare, manufacturing, distribution, energy, telecommunications, banking, financial, mortgage, recreational products, high technology, retail and construction industries. Mr. Schwarzbaum has extensive experience in the area oflitigation support. Mr. Schwarzbaum has been involved in some of the most significant bankruptcy matters in u.s. history including Enron and Fleming Companies. He served on the Enron team, where he was responsible for analyzing the trading activity and the involvement of the major financial institutions specifically relating to the Special Purpose Entities. His experience in Fleming included heavy involvement with the trade creditors where he was responsible for tracing and reconciliation of millions of dollars in overpayments. He provided support to the Independent Distribution Consultant in the SEC/CIBC matter involving mutual fund late trading activity. In addition, he oversaw the forensic investigation in the procurement area in the UMDNJ matter. Mr. Schwarzbaum graduated magna cum laude with both his Masters in Business Administration in 1982 and his Bachelors of Science degree in accounting in 1980 from New York University. He is a member of the American Institute of Certified Public Accountants, the American Institute of Insolvency and Restructuring Advisors, Association of Fraud Examiners and the Institute for Internal Controls.

6 Patricia Jarrach, Esq., CFE, CICA, - Marino, Mayers & Jarrach, LLC - "Protecting Inventory - A Case Study" According to research conducted by the Association of Certified Fraud Examiners, organizations in the United States lose an estimated 7% of annual revenues to fraud. This percentage indicates an overwhelming estimate oflosses of $994 billion (yes, with a "B") among U.S. companies alone in These losses occur despite increased awareness of anti-fraud controls and new legislation passed to combat fraud. This case study illustrates the necessity for every organization to review its internal controls regardless of those currently in place. Patricia L. Jarrach, Esq., CFE, CICA, is a member of Marino, Mayers & Jarrach, LLC. Ms. Jarrach graduated from Rutgers University in 1992 with a bachelor's degree and from Syracuse University, College of Law, with a juris doctorate including a secondary concentration Certification in Law, Technology and Management in She is currently licensed to practice law in New Jersey and New York and has been working as a complex litigation attorney for over 10 years. Ms. Jarrach is also a Certified Fraud Examiner and the current Treasurer of the New Jersey Chapter of the Association of Certified Fraud Examiners. She has obtained the designation of Certified Internal Controls Auditor from the Institute for Internal Controls and is an active member of the Commercial Law League of America.

7 Please return registration to our new location: Professor Karl Dahlberg Rutgers Business School Department ofaccounting, Business Ethics & Information Systems One Washington Park, Room 932 Newark, NJ Voice- (973) NAME and ADDRESS: Voice: Fax: General registration fee $ CHECKS ONLY Please make checks payable to " Rutgers - The State University"