Common Frauds and the Internal Controls Designed to Prevent and Detect Them Webcast | 4202788D

Description

Examine effective internal controls concerning revenue, accounts receivable and cash receipts. Review common fraud schemes related to these items, and effective methods to control fraud. Recognize signs indicating fraud and enable detection strategies.
Review the process for understanding and documenting existing controls related to revenues, accounts receivable, and cash receipts. Identify weaknesses; and learn to develop internal controls that mitigate them.

Highlights

Fraud schemes involving revenues, accounts receivable and cash receipts.
Effective internal controls over revenues, accounts receivable and cash receipts.
Developing audit programs related to revenues, accounts receivable and cash receipts.

Objectives

Identify what types of fraud an entity is susceptible to.
Recognize and document an understanding of internal controls - including deficiencies - related to revenues, accounts receivable and cash receipts.
Determine approaches to developing internal controls that may be effective at mitigating identified deficiencies.
Create audit programs that focus attention on accounts with higher risk of material misstatement due to fraud.

Designed For

CPAs, auditors and financial professionals.