Meeting/Event Information

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November 19, 2013

ACFE Arizona November Training Meeting
November 19, 2013
12:00 PM - 1:00 PM
Industrial Commission of Arizona
800 W. Washington St.
Phoenix, AZ 85007
http://www.ica.state.az.us/alj/alj_map_phoenix.aspx
Chapter monthly training meeting: 1 CPE

Subject: Fraud Awareness and Fraud Prevention - with a focus on small business's 

Paul J Updike, MBA, CFE, Principal, Faculty Practitioner UOP specializes in solving small business problems that are operational, financial, accounting-related and fraud-related. Paul earned two degrees from Brigham Young University (BA & MBA), and has 25-plus years experience as a Chief Operating Officer, CFO, Controller, Financial Analyst and Cost Accountant for Motorola, Rogers Corporation, HS Crocker, Flagstaff Engineering and other multi-million dollar organizations.

Paul is a member of the Online Faculty for the University of Phoenix, teaching Economics and Finance (including accounting classes) to MBA candidates and others at the University of Phoenix, the largest private university in America. He has taught over 135 classes in the past 10 years. UOP Online classes are condensed, not abbreviated. Students average 37 years of age and work in most of America’s multinational corporations and many other important corporations around the world.

Paul serves as an expert witness when fraud cases go to trial.

In 1989 Paul J Updike established Executive Financial Management (EFM), a consulting firm – doing similar sorts of things, that is, solving small business problems that are operational, fraud-related, financial, & accounting-related, including serving as Interim CFO for Wide World of Maps since 2008.

EFM Typical Accomplishments

Served as expert witness and provided critical forensic accounting evidence that proved instrumental in getting an $889,000 judgment against an embezzler for one client.
Overhauled cost accounting information process and data collection process for machine shop.
Created, then implemented complex, standard cost information system for 6,000 different bills of material, facilitating revenue growth from $5 million to $20 million, while profit margins jumped 350% and manufacturing variances dropped 60%.
Negotiated $2 million Line of Credit for client.
Rescued client from brink of bankruptcy by enforcing stricter accounting and control practices in AP and AR, which dramatically improved cash flow, while negotiating payment plans with dozens of angry, unpaid creditors.
Designed departmental financial information system at the UCLA School of Medicine that dramatically improved department efficiency allowing $65,000 in annual budget reduction.
Created entire accounting package including general ledger and financial statements using spreadsheet applications for company whose accounting records were originally three years behind.
Improved information access by simplifying financial information for non-financial managers.


  • When: Tuesday, Novenber 19, 2013
  • Sign In: 11:30 a.m.– 12:00 p.m.
  • Seminar Time: 12:00 p.m. – 1:00 p.m.
  •  
  • Where: Arizona Industrial Commission, 1st Floor Auditorium
  • Parking will be on the top level of the garage just west of the building.
  • No charge for ACFE Chapter Members who are current on their membership dues. There will be a $20.00 charge for non-members. Reservations are not required for this event.
Future Meetings

January 25, 2018

Auditing for Internal Fraud

January 25, 2018 9:00 AM to January 26, 2018 5:00 PM

Sheraton Phoenix Downtown Hotel
340 North Third Street
Phoenix, AZ 85004

Auditing for Internal Fraud Training