Ep. 264: Douglas Boyle and Dana Hermanson - The Fraud Prevention Pyramid Explained

May 27, 2024 | 34 Minutes

Join us for an insightful episode of Count Me In as Adam Larson sits down with the authors of the 2023 Curt Verschoor Ethics Feature of the Year, Dana Hermanson and Douglas Boyle. Dana, the Dinos Eminent Scholar Chair of Private Enterprise and professor of accounting at Kennesaw State University, and Douglas, professor and department chair in accounting at the Kania School of Management at the University of Scranton, share from their award-winning article. In this episode, they introduce the Fraud Prevention Pyramid, a crucial framework with five stages to help professionals build resilience against fraud.

Dana offers practical advice on preparing for and defending against pressure in the accounting world, while Doug emphasizes the role of emotional intelligence in recognizing and mitigating fraud risks. Discover tips on navigating ethical dilemmas, avoiding common pitfalls, and the importance of skepticism in today's tech-driven landscape. Whether you're an accounting student or a seasoned professional, this episode is packed with valuable insights to enhance your fraud prevention acumen and ensure integrity in your financial reporting. Tune in for a conversation that's both enlightening and essential for anyone in the field of finance and accounting!