Course ID: GZDCS

Defective Compensation Systems: When Bonuses and Incentives Go Bad

Learn how compensation systems result in behavior that puts CPAs at risk.


LEARNING OBJECTIVES
  • At the conclusion attendees will be able to recognize the operational, financial and audit risks caused by defective compensation systems.

MAJOR TOPICS

Using real cases, learn how several typical compensation systems cause employees and management to behave in a manner that has an adverse effect on the entity’s best interest, resulting in control, financial reporting and auditing risks. .Government risk – Policing for profit .Industry risk – Trucking companies .Company risk – Domino’s .Regulatory risk – First Energy Davis-Bessie Power Plant .Healthcare – Discharging patients to maximize profits .Nonprofits – Rewards based on outputs vs. inputs .Schools – Perverse incentives compel teachers to cheat .BONUS – Maximize profits – How to transform goal incongruence into goal congruence


DESIGNED FOR
CPAs, clients, internal auditors, controllers, CFOs, Executives, board members, Business Owners, Attorneys

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
The Pros & The Cons

CPE CREDITS
4.0

LEVEL
Overview

This course is available for your group as:

Group Live Webcast
 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org