Rita Crundwell: Largest Municipal Theft in U.S. History Webinar

Incredible story of how a high school graduate stole $53 MILLION from a town of 16,000 people with a $10 million budget. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:
What you will learn:

• How to comply with independence requirements
• How to maintain professional skepticism
• How to comply with the requirement to be competent
• How to identify conflicts of interest
• Simple controls that would have deterred the theft
• The damage of a malpractice lawsuit

Highlights

• A fraud so outrageous, it’s a movie
• Were the auditors independent?
• How Crundwell evaded detection for 20 years
• Impact on CPAs’ license 
• How did the auditors assess risk? 
• What audit procedures were performed, or not 
• Fake documents Crundwell created 
• Did the auditors detect the fraud?
• Actual court filings for the malpractice lawsuit
• What were the malpractice allegations?
• How much the fraud cost the auditors
• What happened to Crundwell’s family