0      0


Fraud in Revenue and Cash Receipts Cycles


Mar 20, 2014 1:00pm ‐ Mar 20, 2014 4:30pm


Credits: None available.

Description

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

Speaker(s):

Credits

  • 0.00 - Auditing

You must be logged in and own this session in order to post comments.

Print Certificate
Completed on: token-completed_on
Print Transcript
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
rendered in: 
* - Indicates answer is required.
token-content

token-speaker-name
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content
token-index
token-content