Webcast: Fraud and Cash Receipts: Common Frauds and Internal Controls (XARCR117)
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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-forprofit entities. A sound system of internal control is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. It is crucial that an internal control

5/18/2017
When: 05/18/2017
8:00 am until 12:00 pm
Where: Webcast
AICPA
1350537:631055F97797D537D9C3B725D6AEE397
United States
Presenter: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP


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AcronymXARCR117
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

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 control 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.

Topics

  • Traditional revenue system
  • Retail revenue cycle
  • Manufacturing revenue cycle
  • Service revenue cycle
  • Accounts receivable and billing
  • Cash receipts
  • Revenue frauds and fraudulent financial reporting

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

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