It will come as no surprise to anyone that, over the years, confidence in corporate America has been shaken by a series of accounting and fraud scandals. The scandals of Enron and others have heightened sensitivities over the role structured financing has played in questionable accounting practices. As business combinations have become more complicated and reports of accounting scandal and fraud become more prevalent, other authorities have intervened. In this program, we will focus on basic elements of fraud, evaluating the risks of fraud and discussing ways to implement the processes, procedures, and controls needed to mitigate such risks.