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Wednesday, September 30, 2020 Webcast

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls (X3-2206896)

9:00 AM - 1:00 PM EDT
webcast

Webcast

4.0 CPE Credits in AA

OVERVIEW

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. Key Topics: - 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

BENEFITS

Learning Objectives:

- 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.

HIGHLIGHTS

Key Topics:

- 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

COURSE LEVEL

Basic

PREREQUISITES

none

INSTRUCTOR

Glenn Helms

Glenn L. Helms, CPA, Ph.D., CIA, CISA, CFF, CITP

AICPA/Professional Development Institute

Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP Greensboro, NC

Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the American Institute of Certified Public Accountant’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialized Accreditation Board.

Dr. Helms has presented over 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 60 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His books address security, controls and fraud in a variety of environments. He has numerous years’ experience in public accounting and serves as a consultant to various organizations including CPA firms, financial institutions, and large and small entities.

He has authored numerous CPE courses including – Internal Control Best Practices for Small- and Medium-Sized Entities, Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls, Revenue and Cash Receipts: Common Frauds and Internal Controls, Internal Control Essentials for Financial Managers, Accountants, and Auditors, Forensic Accounting Investigative Practices, Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities, and IT Risk and Controls in Traditional and Emerging Environments Dr. Helms is a multiple year recipient of the Don Farmer Award, and also the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented. He has received similar awards from state societies and universities. Glenn has received the 2017 AICPA Outstanding Discussion Leader Award for her practical approach, enthusiasm, and lively seminars.

PRICING

$179.00 - Member

$219.00 - Non Member

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COURSE DEVELOPER

AICPA/NJCPA