A new approach
Negative news coverage, social media and publicity following a reported instance of corruption, bribery, fraud (or other negative reputational issue) can negatively impact a company’s value far in excess of the monetary fines or penalty that a regulator might impose upon a corporation. In some recent cases, negative reporting has acted as a brake to revenues, causing long term the financial impact, lost revenues and share market value. As such, the speed with which an organisation detects, responds and deals with negative events can be a key factor in getting a company back on track to business recovery and resiliency.
Scenario modelling is an analytic technique that looks at various implications arising from specific events or issues that might impact a company; in particular, a company’s financial performance and value can be modeled before, during and after negative events or reported issues.
In this presentation, Zach McAfee, Manager Fraud, Corruption and Integrity Risk for Qantas will detail key aspects underpinning scenario modelling and in particular, how it can be applied by fraud risk managers to illustrate the benefits of deterrence, early detection and response. Zach will discuss how presenting corruption, bribery and fraud through time-lines and scenario modelling can engage a corporation’s senior managers and analyse particular tactical or strategic business plans.
Zach McAfee joined the airline in 2007 and has held several senior positions during this time.
In his current role Zach is leading the transformation programme to integrate a comprehensive Fraud and Corruption Control Program across the Qantas Group.
Prior to joining Qantas, Zach had a distinguished career in both law enforcement and forensic accounting and holds a Bachelor of Criminology and Criminal Justice degree and postgraduate qualifications in Fraud Investigation.
Tuesday, 15 of September 2015
1 hour CPD
FTI Consulting training room
Level 15, 50 Pitt St (off Bridge Street) Sydney, NSW, 2000
5:15 pm registration and seating
5:30 pm – 6:15 pm presentation, Q&A
6:15 pm – 7:30 pm networking & social drinks sponsored by FTI.
Members: $ 25
Non-members: $ 30
1. On-line banking
Sydney Chapter of the ACFE
BSB: 032-044 (Westpac)
Account number: 602632
2. Pay by cash during the registration meeting