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 course also emphasizes smaller businesses and not-for-profit entities in addition 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.
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
When you complete this course 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.
Designed For:Auditors, practitioners, and all levels of CPA professionals
Member/Nonmember Fees:159 / 199
CPE:Auditing 4 hour(s)
Yellow Book Credit:No
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
If you transfer from an in-class course to a webcast, the above policies apply.
Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.
To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.