How a systemic racket exploited climbers and insurance companies through fake medical emergencies on the world's highest peak.
This course examines a real-world insurance fraud scheme uncovered in Nepal, in which helicopter rescue operators and Sherpa guides fabricated or exaggerated climbers' medical emergencies on Mount Everest to generate fraudulent evacuation claims — ultimately totaling an estimated $20 million in losses to travel insurers. Participants will identify the industry conditions that created the opportunity for fraud, trace how the scheme operated across multiple related companies, and apply the Fraud Triangle to understand the pressures, opportunities, and rationalizations behind the misconduct. For CPAs in assurance, advisory, or ethics roles, this case offers a practical look at how weak internal controls and conflicted business relationships enable large-scale fraud, and what reforms can deter similar schemes.
Upon completing the course, the participant will be able to:
4 activities • 3 videos • duration: 1h 10m
Founder of Sheriff Consulting
I am the founder of Sheriff Consulting which specializes in the development and delivery of accounting, auditing and foundational skill courses and workshops. Teaching and working with professionals in diverse and dynamic learning environments has been my passion and experience for over 10 years. As a qualified Canadian Chartered Professional Accountant (CPA, CA) and U.S. Certified Public Accountant (CPA), I work with finance and accounting professionals in both the U.S. and Canada to meet their training and development needs. My goal has always been to create an engaging and interactive learning environment. To help my own path of continual improvement in achieving this goal, I have also received training and worked as a professional actor. I am a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists) and a graduate in improvisation from the Second City Training Centre. http://sheriffconsulting.com/
Co-host of The Fraud Complex Podcast
Josh Sager is a co-host of The Fraud Complex podcast, bringing engaging storytelling and analysis to complex fraud cases. His background in performance and communication helps make intricate financial crimes accessible and memorable for professional audiences.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
very interesting case, well presented, kept the audience interested, very clear and i like the break and review questions, helped retain the knowledge
Garth and Josh always present in a fun and interesting manner to keep you engaged and learning.
it was informative and entertaining
Entertaining and well presented
