Revenue and Cash Receipts: Common Frauds and Internal Controls

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.

Date/Time

Wednesday, December 30, 2020
Registration Time: 8:00am
8:00am – 12:00pm

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Course Type

On-line Live Vendors

CPE Credit

4.00 hours CPE credit

Field of Study

Auditing

Level of Knowledge

Basic

Designed For

Auditors, practitioners, and all levels of CPA professionals.

Vendor

AICPA

Prerequisites

None

Advanced Preparation

None

Highlights

 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.

Location

N/A (This is a webcast)
Member Fee $179.00
Non-Member Fee $219.00
Your Price $219.00
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