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Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls

Author/Moderator: Glenn Helms, Ph.D, CPA, CIA, CISA, CFF, CITP
Publisher: AICPA
Availability: In Stock
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Description

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Purchasing and cash disbursements are common targets for fraud in any entity’s environment. While business owners and managers are aware that internal controls seem to be very important, they often don’t know whether the entity’s system is adequate. While accountants instinctively know that internal controls are important and necessary, it is sometimes difficult to effectively communicate this with business owners. It is important to focus on common frauds and internal controls over the purchasing and cash disbursement processes. This course teaches you to hone in on smaller businesses and not-for-profit entities where cost/benefit analysis is extremely important and fraud is more likely to occur. Learn how to efficiently analyze controls to ensure you’re getting the “biggest bang for your buck” when considering a control to implement and/or test.

Topics Discussed:

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

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

  • Discover common frauds in the purchasing and cash disbursement processes.
  • Design internal controls to mitigate various risks.
  • Develop an analysis process to ensure efficient and effective risk management.

Who Will Benefit?
Business owners, managers, supervisors, accountants, and auditors

Prerequisite:  None

Advanced Preparation:  None

Table of Contents

Excerpts

Videocourse Details

NASBA Field of Study: Auditing
Level: Basic
Recommended CPE Credit: 4
Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls
Text , 2014
Product# 753335
Availability: In Stock
Regular:$131.25
AICPA Member:$105.00
Your Price:$131.25
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