Webcast: Purchasing, Inventory, and Cash Disbursements: Common Frauds & Internal Cont (XAPCD117)
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Purchasing and cash disbursements are common targets for fraud in any entity’s environment. Today, many practitioners, auditors and management in industry are aware of the criticality of adequate internal controls, but may be uncertain whether existing controls in their organizations are adequate. It is important to understand common frauds and internal controls over the purchasing and cash disbursement cycle. This course also emphasizes smaller businesses and not-for-profit entities in addition

5/17/2017
When: 05/17/2017
12:00 PM until 4:00 PM
Where: Webcast
AICPA
1350531:646227CF2371017F2190E5ADD31BE0B8
United States
Presenter: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP


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AcronymXAPCD117
CPE4 hours
VendorAICPA
Category
Auditing
LevelBasic
PrerequisiteNone
Adv PrepNone
Yellow Book?No
Designed forAuditors, practitioners, and all levels of CPA professionals
Registration
Member$159
CPA Non-Member$199

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Purchasing and cash disbursements are common targets for fraud in any entity’s environment. Today, many practitioners, auditors and management in industry are aware of the criticality of adequate internal controls, but may be uncertain whether existing controls in their organizations are adequate. It is important to understand common frauds and internal controls over the purchasing and cash disbursement cycle. This course also emphasizes smaller businesses and not-for-profit entities in addition where cost/benefit analysis is extremely important and fraud is more likely to occur. Learn how to analyze existing controls and consider or implement new controls to more effectively and efficiently address the needs of your organization.

Topics

  • The acquisitions cycle: ordering, receiving, and warehousing
  • Cash disbursements cycle
  • Payroll and expense reimbursement frauds
  • External auditing and forensic investigations: conceptual and procedural differences
  • Controls and design

Objectives
When you complete this course you will be able to:

  • Identify common frauds in the purchasing and cash disbursement processes.
  • Recognize internal controls to mitigate various risks.
  • Recall an analysis process to improve efficient and effective risk management in your organization.