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Ethics Series: Misplaced Trust | Devastating Fraud
Credit
CPE:2.0
Publisher
IMA
Description
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.
Click the button to display NASBA Sponsor Info.
Click the button to display NASBA Sponsor Info.