Monday, June 24 | 1:50-3:05 PM
CPE: 1.5
Level: Advanced
Recommended Prerequisite:
- Significant experience in remediating gaps and deficiencies through the design and enhancement of internal controls, policies and procedures, and training
- Familiarity with elements and the mission of a fraud risk management program
Field of Study: Specialized Knowledge
Root cause analysis is a tool to help identify not only what and how an event occurred, but also why it happened. It is a key element of a fraud risk management program and now a best practice of an organization’s compliance program. When you
determine why an event or failure occurred, you can recommend workable corrective measures that deter future fraud events of the type observed. It’s important you think critically by asking the right questions, applying the proper level of
skepticism and, when appropriate, examining the information from multiple perspectives.
You Will Learn How To:
- Identify root causes (not just causal factors) using proven techniques
- Initiate a root cause analysis incident exercise
- Assess Socratic questioning and how it can be used in the root cause analysis process
- Implement three lines of defense as part of the root cause analysis, which will help the audit committee and senior management understand where the breakdowns occurred
Jonathan Marks, CFE, CPA, CGMA, CITP
Partner - Forensic Services, Baker Tilly
Jonathan T. Marks is a partner in Baker Tilly’s Forensic and Litigation practice. He has more than 30 years of experience working closely with his clients, their boards, senior management, and law firms on global (cross-border) fraud and misconduct investigations, including global bribery, corruption, and compliance matters. Marks assists his clients in mitigating future potential issues by conducting root-cause analysis, developing remedial procedures, and designing or enhancing governance, global risk management, and compliance systems along with internal controls and policies and procedures. He is a well-regarded author and speaker who has gained international recognition for developing the Fraud Pentagon™ and other thought leadership that has enhanced the profession. Marks is a highly regarded speaker, author, and thought leader. He presents internationally on an array of fraud, ethics, and forensic accounting topics. Marks was an adjunct professor at Rider University and today is a guest lecturer at Lehigh University.