CFO - Preparing for Trouble

NEW EVENT

Whether you are a seasoned executive or a staff professional, we all have seen the damage from a crisis and 'unexpected' trouble. Ignoring potential issues is inane in today's environment. Leaders prevent problems. We will discuss how to prepare for and deal with a crisis, proven strategies to detect scams, and how to thoroughly investigate fraud: There is a right way and a wrong way. Additionally, what is artificial intelligence, how will it change the finance function, and what new skills must we develop? Trouble is everywhere, it is best to plan in advance rather than attempt to not fall further behind. Those who are prepared are always more successful. Prepare with us!

This day of the CFO Series will focus on these four topics

• Navigating the Storm: Crisis Management for Resilient Firms
• Proven Strategies for Effective Fraud Detection and Prevention
• CFO or Detective? A Guide to Conducting Effective Investigations
• Artificial Intelligence (AI) and Machine Learning: Practical Applications for Finance

This event is part of ISCPA's 2025 CFO Series, designed to provide a convenient, one-stop way for senior level financial managers and executives, CFOs and those who aspire to be CFOs, to choose multiple days of CPE with a single decision. Each day consists of a subject-matter expert, leading discussions about four different topics. The CFO Series features high-quality presentations and an interactive, executive level, colleague-to-colleague approach with case studies, group discussions, and team exercises.

This CFO Day:

• Identify potential threats and conduct rapid risk assessments.
• Develop a comprehensive crisis management plan tailored to your organization. Implement effective communication strategies during a crisis and before.
• Create a business continuity plan with essential recovery strategies.
• Lead your organization confidently through crises and make informed decisions under pressure.
• Identify key fraud indicators and red flags within organizational processes.
• Implement strategies to establish a strong anti-fraud culture.
• How are culture and fraud connected?
• Enhance awareness of fraud risks and prevention techniques.
• Learn the tools to evaluate and improve internal controls for proactive fraud management.
• Recognize and accept that AI and ML are important new technologies that will impact nearly every organization.
• Understand the risks, advantages, and the issues of deploying AI and ML.
• Better understand how to optimize the effectiveness of AI and ML.

This stand-alone event is also part of the 2025 ISCPA CFO Series, which is designed:

• With the needs of CFOs and senior financial managers in mind and is geared towards enhancing the skills you rely on.
• To provide Financial managers and CFOs with ideas which will improve their company's business processes.
• To make planning your 2024 CPE quick and easy - all 40 CPE credits in one convenient package!
• Registering for the entire series saves you up to $425! Click here to save

Whether it is changes in the market, a global pandemic, or loss of a supplier, at some point, most organizations will face a crisis. How you respond can make or break your organization. This intensive seminar on crisis management and business continuity planning will equip you with the knowledge and skills to manage crises confidently and ensure that your organization stays resilient. Resilient organizations recover faster from crises. Learn what successful organizations do. Failing to plan for the next crisis is planning to fail.

• The need for crisis management and business continuity plans
• Risk assessment and identification
• How to develop a crisis management framework
• Crisis communication strategies
• Business continuity planning essentials
• Keys to crisis leadership and decision making in a crisis

Objectives: 

1. Identify potential threats and conduct rapid risk assessments.
2. Develop a comprehensive crisis management plan tailored to your organization.
3. Implement effective communication strategies during a crisis and before.
4. Create a business continuity plan with essential recovery strategies.
5. Lead your organization confidently through crises and make informed decisions under pressure.

Fraud impacts over 80% of all organizations, costing over $10 billion annually. Do you aim to fortify your organization, or your client's, against fraud risks? We address how to instill a robust anti-fraud culture, and give you the tools needed to proactively prevent, detect, and manage fraudulent activities. Prevention is vital for success. Do not wait to protect the organization.

• Understanding fraud
  • Definitions and types
• How are frauds caught?
• Where, how, and when to look
  • Common red flags
• How to reduce your fraud risks

Objectives:

1. Identify key fraud indicators and red flags within organizational processes.
2. Implement strategies to establish a strong anti-fraud culture.
   1. How are culture and fraud connected?
3. Enhance awareness of fraud risks and prevention techniques.
4. Learn the tools to evaluate and improve internal controls for proactive fraud management.

Session 3: CFO or Detective? A Guide to Conducting Effective Investigations

CFOs are on the front line of managing risk within the organization, often including investigations into suspected theft or fraud. Fraud investigations are not accounting audits. Many lack the training needed to conduct a fair and legal investigation. This course will provide the essential knowledge and skill to conduct successful internal investigations. The goal is to ensure that when a case is referred to law enforcement, or results in other legal action, the findings will be admissible and robust. How to respect the rights of all parties involved, preserve evidence, use proper surveillance, and how to distinguish between company materials and individual property? Proper investigations are intricate. Be aware of the risk to the organization and to the investigating team. The goal is to lead and plan internal investigations with confidence and legal integrity. Be aware and be prepared.

• What is an investigation and when is it warranted?
• How to prepare for an investigation
  • Who should conduct it and defining the boundaries
• When to outsource vs. conduct the investigation internally
• Evidence collection and preservation
  • The paper and data trail
  • Witness statements
• Employee rights during investigations
• Investigative techniques (data analytics, surveillance, interviews)
• Reporting results
• When to take the next step - the legal process

Objectives:

1. Understand the proper process to conduct an internal investigation.
   1. What are some of the risks, legal issues, and pitfalls?

Artificial Intelligence ("AI") and Machine Learning ("ML") are being deployed in organizations large and small at a rapidly increasing rate. Your organization is testing, deploying, and refining AI-powered applications across a variety of departments and business functions. Why should this matter to accounting, internal audit, finance, and cyber professionals? Should our teams be testing and deploying also? How and why can AI be used in accounting and auditing?

During this interactive session we will demonstrate and describe the differences between chat-based AI search tools and more robust AI-powered applications, e.g., an app to help prioritize and dispatch IT help desk tickets. The session will include example policies for responsible and ethical AI and resources to help curious professionals learn more about these subjects.

These technologies are powerful and quite capable: They are not without risk. With great power comes great responsibility. These technologies can also be misused (accidentally or intentionally) to destroy value instead of creating it.

We will also discuss which is the greater risk: a) not using these new technologies or b) misusing these new technologies. Leading organizations have been using AI and ML. Successful leaders must be aware of the pros and cons and how to properly utilize these tools.

• Explain AI and ML and describe potential finance-related applications for both.
• Demonstrate the growth of AI.
• Discuss practical applications and risks for AI and ML, specific for accounting and finance.
• Bookmark and share examples of ethical policies to help mitigate these risks.
• Demonstrate prompt engineering tips to yield desired responses from Generative AI tools like Chat GPT, Gemini, Perplexity AI, and Microsoft Copilot.

Objectives:

1. Recognize and accept that AI and ML are important new technologies that will impact nearly every organization.
2. Understand the risks, advantages, and the issues of deploying AI and ML.
3. Better understand how to optimize the effectiveness of AI and ML.

• Manual
  • If you did not purchase a printed manual, download it from your upcoming events in "My CPE" on website, and bring it with you
  • If you did purchase a printed manual and would also like an electronic copy be sure to download it