Date/Time
Mar 09, 2017
5:30 pm-8:30 pm
Location
The Yale Club
Category(ies)
ACCOUNTING FRAUD | MARKET PRESSURES
WHISTLEBLOWERS | ETHICAL IMPLICATIONS
HealthSouth Co-Founder and first CFO Aaron Beam’s primary message is about corporate fraud. Who is actually responsible for these frauds, how they take place, and what can be done to prevent frauds such as Enron and HealthSouth?
HealthSouth was a Wall Street darling, with more than 2,000 locations in 50 states and five countries. The company’s CEO boasted of meeting or exceeding earnings expectations for 27 straight quarters. However, underneath the glittering corporate image, a nearly $3 billion earnings overstatement occurred over more than a dozen years.
- Aaron Beamwill describe the corporate culture that led to fraud and his subsequent reactions.
- Weston Smith , a successive CFO who eventually revealed the fraud to the FBI, will dig in-depth into the mechanics and red flags of the fraud, so that others may detect and/or deter fraud within their organizations.
- Vic Hartman, a former FBI special fraud agent who now specializes privately in forensic accounting, will provide insight into the FBI’s response and investigation of fraud and how companies may protect themselves.
For more information about attending, visit the Financial Executives International – New York Chapter’s website.