Revenue and cash receipts are two critical areas requiring strong controls to prevent intentional fraud or unintentional misstatements. While fraud in these areas is well-publicized in larger companies, it also occurs, and is more likely, in smaller businesses and not-for-profit entities. With a dedicated focus on areas posing the greatest risk, this webcast is designed to help you develop a sound and tailored system to meet the needs of your organization. TOPICS DISCUSSED • Traditional revenue system • Retail revenue cycle • Manufacturing revenue cycle • Service revenue cycle • Accounts receivable and billing • Cash receipts • Revenue frauds and fraudulent financial reporting
When you complete this webcast, 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 improve efficient and effective risk management in your organization.