Fraud and Cash Receipts: Common Frauds and Internal Controls

Date: June 18, 2016 Time: 1:00 pm - 4:30 pm EST CPE: 4 Format: Webcast
EVENT DESCRIPTION

Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well-publicized fraud in these areas in larger companies, it also occurs, and can even be more likely to occur, in smaller businesses and not-for-profit entities. A sound system of internal controls is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. It is crucial that an internal control system is tailored to the unique needs of each organization with a dedicated focus on areas posing the greatest risk; this course is designed to help you to do this.

LEARNING OBJECTIVES
Identify common frauds in the revenue and cash receipts processes.
Identify internal controls that mitigate various risks.
Recall an analysis process to ensure efficient and effective risk management.
MAJOR TOPICS
Traditional revenue system overview
Retail revenue cycles
Manufacturing revenue cycles
Service revenue cycles
Accounts receivable and billing
Cash receipts
Revenue frauds caused by fraudulent financial reporting
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Auditing (4 Credits)
INSTRUCTOR(S)
Glenn Helms
COURSE LEVEL
Basic
LOCATION
Online Webcast
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