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Fraud in Revenue and Cash Receipts Cycles

Feb 18, 2014 1:00pm ‐ Feb 18, 2014 4:30pm

Credits: None available.


Designing a Sound System of Internal Controls

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 in smaller businesses and nonprofit entities. A sound system of internal controls is needed to help prevent fraud occurrence. All too often, a “one-size-fits-all” system is put in place without considering the uniqueness of each entity. It is crucial that an internal control system is tailored so that the areas of greatest risk receive the most attention.

Learning Objectives:

This course teaches you the common frauds in the revenue and cash receipts processes. You will become aware of internal controls that can mitigate various risks, and you will be able to develop an analysis process to ensure efficient and effective risk management.

Topics Discussed:

  • Frauds Caused by Fraudulent Financial Reporting
  • Common Fraud Risks Within the Revenue and Cash Receipt Processes
  • Analysis of Controls for Effectiveness and Efficiency
  • Estimating the Cost/Benefit of Correcting a Control Weakness
  • Control Implementation Ideas



  • 0.00 - Auditing

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