How is Cognitive Dissonance Impacting your Forensic Case Work?

AICPA 2017 Forensic & Valuation Services Conference, Las Vegas, Nevada

Using the case backdrop of the Tom Petters fraud schemes, the session hosted by an attorney and forensic expert that worked on Petters-related cases will discuss the elements of the fraud schemes and how Cognitive Dissonance played a role in many components

Learning Objectives:

  • Learn about the largest Ponzi Scheme until Madoff came along – $3.4 Billion
  • Learn about the number of CPA firms that were "involved" in audits related to the Petters scheme
  • Learn about the common pitfall of the CPA firms that provided services – Cognitive Dissonance
  • Appreciate that Cognitive Dissonance may also be present in your Forensic Accounting engagements