Webcast: Fraud and Cash Receipts: Common Frauds and Internal Controls (WBCL4RCR117)
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2/17/2017
When: 02/17/2017
12:00 PM until 3:30 PM
Where: Webcast
AICPA
1251417:57AB5905A40FDF6538D3565D37DD5CC0
United States
Presenter: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP


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AcronymWBCL4RCR117
CPE4 hours
VendorAICPA
Category
Accounting & Auditing
LevelBasic
PrerequisiteNone
Adv PrepNone
Who should attendAuditors, practitioners, and all levels of CPA professionals
Registration
Member$159
CPA Non-Member$199

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

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, and can even be more likely to occur, in smaller businesses and not-for-profit entities. A sound system of internal controls is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. It is crucial that an internal control system is tailored to the unique needs of each organization with a dedicated focus on areas posing the greatest risk; this course is designed to help you to do this.


Objectives

When you complete this course you will be able to:

  • Identify common frauds in the revenue and cash receipts processes.
  • Identify internal controls that mitigate various risks.
  • Recall an analysis process to ensure efficient and effective risk management.

Topics

  • Traditional revenue system overview
  • Retail revenue cycles
  • Manufacturing revenue cycles
  • Service revenue cycles
  • Accounts receivable and billing
  • Cash receipts
  • Revenue frauds caused by fraudulent financial reporting