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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
ETHICS: Michael McGrath “How and Why My CFO/CPA Cooked the Books”COURSE ID: MMMRTFRD
DESCRIPTION

How relying on your CFO/CPA can send you to prison

DESIGNED FOR: CPAs in public practice, business and industry, managing partners, General Counsel, compliance officers, chief learning officers, risk managers, and regulatorsFIELD OF STUDY: Ethics - BehavioralLEVEL: IntermediatePREREQUISITES: NoneCOURSE PRODUCER: The Pros & The ConsCREDITS: 4.0OBJECTIVES:
  • After attending McGrath's class, you will understand why and how clients change from ethical to unethical and cook the books to fool their auditors.
HIGHLIGHTS:

Michael McGrath owned a successful mortgage company that purchased home mortgages, packaged them into financial instruments and sold them to investors. Because of the subprime mortgage meltdown he cooked the books to save his company. He was sentenced to 14 years in prison. – How I used audit procedures to cook the books – Why I insisted on poor internal controls – Were my auditors independent – Manipulation of accounting software – Did my auditors understand my business as required – How I rationalized my criminal behavior – Why I deliberately put my company at risk, and didn’t know it – Federal Criminal investigations and cooperation – Rule 35 testimony and sentence reductions – Risk of Mortgage Backed Securities and Stock Trading

INSTRUCTOR
-TBD-
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