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Fraud in Purchasing and Cash Disbursement Cycles: Weighing the Cost/Benefit of Internal Controls

Author/Moderator: Glenn Helms, Ph.D., CPA, CIA, CISA, CFF, CITP
Publisher: AICPA
Availability: In Stock
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Previously Titled: Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

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.

Topics Discussed

  • Common Fraud Risks within the Purchasing and Cash Disbursement Processes
  • Analysis of Controls for Effectiveness and Efficiency
  • Estimating the Cost/Benefit of Correcting a Control Weakness
  • Control Implementation Ideas
  • Errors and/or Fraud that Could Occur if Controls are not Implemented
  • Fraud Statistics
  • Preventive and Detective Procedures

Prerequisite:  None

Advanced Preparation:  None

Table of Contents

Excerpts

Videocourse Details

NASBA Field of Study: Auditing
Level: Basic
Recommended CPE Credit: 4
Fraud in Purchasing and Cash Disbursement Cycles: Weighing the Cost/Benefit of Internal Controls
Text
Product# 753334
Availability: In Stock
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