This session will provide a look at the concept of fraud – 20 years after the Sarbanes-Oxley legislation was passed.
When the SOX legislation passed, legislators and investors were concerned about the many instances of corporate fraud that had occurred. This concern manifested in several separate sections of the legislation including: -Title V: Analyst Conflicts of Interest -Title VIII: Corporate and Criminal Fraud Accountability -Title IX: White Collar Crime Penalty Enhancement -Title XI: Corporate Fraud Accountability
Many things have changed in 20 years since the introduction of Sarbanes-Oxley. Fraud is still a concern and in today’s world there are more and more ways that fraud can be conducted. Companies must remain vigilant in their efforts to vet out fraud and ensure their organizations have proper processes in place to protect their information and their shareholders.
This session will provide a look at the concept of fraud – 20 years after the Sarbanes-Oxley legislation was passed.
Field of Study: Auditing
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 24 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
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