Complete Schedule

Title

Slippery Slope of Greed: Le-Nature’s Inc. Case Study - Part 2 Fraud Prevention

Presentation Type

Breakout Session

Abstract

Learning Objectives: DETERMINE the five components of internal control and how they relate to the case. RECOGNIZE deficiencies in an organization’s internal controls and governance.

This session is aimed at business professionals and small business entrepreneurs. From the early 1989 to 2006, Le-Nature’s Inc. grew from a small startup company to the 33rd largest beverage producer in the United States, with annual reported sales approaching $290 million and a workforce of several hundred employees. In 2006, federal law enforcement authorities placed a final price tag of nearly $700 million on the founder’s long running scam. We will use this case study to determine how the five components of internal control may prevent fraud and recognize deficiencies in a company’s internal controls and governance.

Start Date

22-9-2017 2:00 PM

End Date

22-9-2017 2:50 PM

Event Host

Center for Academic Ethics, University of Northern Iowa

Comments

Location: Oak Room, Lower level Maucker Union, University of Northern Iowa

Electronic copy is not available through UNI ScholarWorks.

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Sep 22nd, 2:00 PM Sep 22nd, 2:50 PM

Slippery Slope of Greed: Le-Nature’s Inc. Case Study - Part 2 Fraud Prevention

Learning Objectives: DETERMINE the five components of internal control and how they relate to the case. RECOGNIZE deficiencies in an organization’s internal controls and governance.

This session is aimed at business professionals and small business entrepreneurs. From the early 1989 to 2006, Le-Nature’s Inc. grew from a small startup company to the 33rd largest beverage producer in the United States, with annual reported sales approaching $290 million and a workforce of several hundred employees. In 2006, federal law enforcement authorities placed a final price tag of nearly $700 million on the founder’s long running scam. We will use this case study to determine how the five components of internal control may prevent fraud and recognize deficiencies in a company’s internal controls and governance.