Defective Compensation Systems: When Bonuses and Incentives Go Bad (2 hours)

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Apr 28, 2020

Registration: 12:30 PM / Program: 1:00 PM - 3:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Learn how compensation systems result in behavior that puts CPAs at risk. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Designed For

CPAs, clients, internal auditors, controllers, CFOs, Executives, board members, Business Owners, Attorneys

Objectives

At the conclusion attendees will be able to recognize the operational, financial and audit risks caused by defective compensation systems.

Major Subjects

Using real cases, learn how several typical compensation systems cause employees and management to behave in a manner that has an adverse effect on the entity's best interest, resulting in control, financial reporting and auditing risks.

  • Government risk - Policing for profit
  • Industry risk - Trucking companies
  • Company risk - Domino's
  • Regulatory risk - First Energy Davis-Bessie Power Plant
  • Healthcare - Discharging patients to maximize profits
  • Nonprofits - Rewards based on outputs vs. inputs
  • Schools - Perverse incentives compel teachers to cheat
  • BONUS - Maximize profits - How to transform goal incongruence into goal congruence

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.