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Technical

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls Logo aicpa

  Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP |   $159.00 - 199.00 |   05 Jun 2018 |   13:00-17:00 |   CPE: 4.0 |   AICPA |   Auditing |   AICPA Store

Purchasing and cash disbursements are common targets for fraud in any entity's environment. Today, many practitioners, auditors and management in industry are aware of the criticality of adequate internal controls, but may be uncertain whether existing controls in their organizations are adequate. It is important to understand common frauds and internal controls over the purchasing and cash disbursement cycle.

This webcast also emphasizes smaller businesses and not-for-profit entities where cost/benefit analysis is extremely important and fraud is more likely to occur. Learn how to analyze existing controls and consider or implement new controls to more effectively and efficiently address the needs of your organization.

Topics Discussed
  • The acquisitions cycle: ordering, receiving, and warehousing
  • Cash disbursements cycle
  • Payroll and expense reimbursement frauds
  • External auditing and forensic investigations: conceptual and procedural differences
  • Controls and design
Learning Objectives

When you complete this webcast, you will be able to:

  • Identify common frauds in the purchasing and cash disbursement processes.
  • Recognize internal controls to mitigate various risks.
  • Recall an analysis process to improve efficient and effective risk management in your organization.

Important Information on Your CPE Credit

Discounts Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$199 $159

5 - 9

$179 $145

10 - 20

$169 $135

21 +

$159 $129

Your order confirmation will include an instruction document for group viewing and earning CPE credit (please review prior to the start of the event) and information on how to access the webcast.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Internal control, Intermediate
  • Financial accounting & reporting: Technical: Internal control, Intermediate
  • Assurance: Technical: Audit: Internal control, Intermediate

Comments/Reflections