The 2014 Helios Digital Forum
The $53 Million Question: Who's Responsible for Catching Fraud?
A lively debate between an Auditor and an Attorney
610 S. Michigan Avenue
April 29, 2014, 5:30pm - 7:10pm
On February 14, 2013, Rita Crundwell, former comptroller for the city of Dixon, IL was sentenced to 19 1/2 years in prison for stealing more than $53 million from Dixon. Just as shocking as the amount stolen from this small Illinois town, was the fact that Crundwell engaged in her scheme to pillage Dixon for 20 years before being discovered. Crundwell's fraud once again focused an unflattering spotlight on the audit industry, an industry that has been in turmoil since the uncovering of massive corporate frauds dating back to Worldcom and Enron. Subsequent to Crundwell's conviction, the city of Dixon successfully sued its auditors, settling their claim against them for $40 million.
So what role do/should auditors play in uncovering fraud? Is the backlash against the audit industry justified or misplaced? Join us for a lively debate between Tom Golden, a retired PricewaterhouseCoopers (PwC) Partner and former Partner-In-Charge of the Chicago Investigations & Forensic Services practice and Devon Bruce, a partner at the law firm of Powers, Rogers & Smith and the lead attorney for the city of Dixon in the lawsuit against its auditors.
This event is being co-sponsored by the Illinois CPA Society and the Illinois State Bar Association. Attendees will receive 2 CPE credit hours and 1.5 MCLE credit hours.
Bruce is a Partner with the Chicago personal injury law firm of Power, Rogers & Smith, practicing in the area of personal injury and wrongful death. Mr. Bruce is also active in accounting and banking malpractice and he prosecutes qui tam actions for fraud committed against the United States and the State of Illinois. Mr. Bruce is one of the leading personal injury attorneys in Illinois who specialize in appellate advocacy on behalf of tort victims. Mr. Bruce settled an accounting and banking malpractice case on behalf of the City of Dixon for $40,000,000. The case arose out of the largest reported municipal embezzlement in the United States. Mr. Bruce brought the action on behalf of the City against several accountants and accounting firms for the negligent performance of the annual audit of the City as well as the failure to report irregularities in the personal tax returns of Rita Crundwell which several of the defendants also performed. Mr. Bruce is a member of the Illinois Trial Lawyers Association, American Trial Lawyers Association, Illinois State Bar Association, and the Chicago Bar Association.
NEW SPEAKER ADDED!
Kelly Richmond Pope, Ph.D., CPA is an expert in the field of white-collar crime. Dr. Pope is the founder of Helios Digital Learning, Inc. and an Associate Professor in the School of Accountancy and Management Information Systems at DePaul University. She is a co-author of the book, The A.B.C.’s of Behavioral Forensics: Using Psychology to Prevent, Detect and Deter Fraud
and a contributing writer for both Forbes.com and The Daily Beast Newsweek. She also is the creator and executive producer of the award winning educational white-collar crime documentary Crossing the Line: Ordinary People Committing Extraordinary Crime
, which was a 2012 recipient of the American Accounting Association Ethics Committee’s Teaching Award and a recipient of the 2012 Mark Chain/FSA Teaching Innovation Award sponsored by the AICPA. Additionally, Dr. Pope was recently elected to the AICPA Governing Council for a 3-year term.
Marissa Bailey is the weekend anchor of the CBS 2 Chicago morning newscasts and a general assignment reporter for the station.Marissa joined the station in March 2012 as a reporter and was promoted to anchor the station’s Saturday and Sunday morning newscasts which began in September 2012. Marissa comes to CBS 2 Chicago from WGRZ-TV in Buffalo, N.Y., where she had been the solo anchor for the 10 p.m. myTV network broadcasts and a general assignment reporter for the 11 p.m. newscasts since 2006.
Marissa, who was nominated for a New York State Regional Emmy in 2011, is also credited with launching the station’s first Sunday newscast – Daybreak Sunday – in January 2008 where she was the single anchor of a 6:30 a.m.-8 a.m. weekend broadcast which featured hard news, live interviews and extended special coverage of weekend news.
She earned a MS in Broadcast Journalism from Syracuse University in 2006 and a BA in Communications from Niagara University in 2003. She earned her first on-air job while in graduate school when she served as the Washington D.C. correspondent for KOLR 10 News based in Springfield, Mo., in 2006.
Sponsorships for this event are available. Please contact Ivy Walker at (312) 789-4470, x101 for more information.