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Common Fraud Risks: What Can Go Wrong?

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

While business owners and managers instinctively know that controls are important, they sometimes have a very limited understanding of what controls are effective. Accountants are in a unique position to fill this knowledge gap and help establish a cost-effective system of controls to minimize fraud and other misstatements while getting the “biggest bang for your buck.” Transactions that occur within an entity’s revenue cycle (revenues and cash receipts) and purchase cycle (purchases and cash disbursements) are common areas for misstatements (both unintentional and fraudulent).

Topics Discussed:

  • Common fraud risks within the revenue, purchasing, cash receipts, and cash disbursement processes
  • Analysis of controls for effectiveness and efficiency
  • Estimating the cost/benefit of correcting a control weakness
  • Control implementation ideas

Learning Objectives
This course enables you to focus on common misappropriation of asset frauds in the revenue and purchase cycles. You will be able to identify areas of greatest risk and setup internal controls to mitigate various risks.

Prerequisite:  None.

Advanced Preparation:  None

Table of Contents


Videocourse Details

NASBA Field of Study: Auditing
Level: Basic
Recommended CPE Credit: 8
Common Fraud Risks: What Can Go Wrong?
Product# 753354
Availability: In Stock
AICPA Member:$155.00
Your Price:$193.75
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