Defective Compensation Systems: When Bonuses and Incentives Go Bad

Course Details

Date

Wednesday, August 19, 2020

7:00am – 9:00am

Field of Study

Accounting

Course Number

CC2402

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Basic

Vendor

CPA Crossings

Prerequisites

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.

Highlights

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

Objectives

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

Designed For

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

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$79.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$109.00
Your Price $109.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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