Seminar Course Description

Revenue and Cash Receipts: Common Frauds and Internal Controls

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Huntsville Alabama Sep 22, 2020 ASCPA
Little Rock Arkansas Oct 20, 2020 ARCPA
Rocky Hill Connecticut Jun 25, 2020 CTCPA
Boca Raton Florida Nov 12, 2020 FICPA
Tampa Florida Dec 18, 2020 FICPA
Las Vegas Nevada Sep 22, 2020 NVCPA
Reno Nevada Sep 24, 2020 NVCPA
Albuquerque New Mexico Jun 19, 2020 NMSCPA
New York New York Jun 12, 2020 NYSSCPA
Salt Lake City Utah Oct 21, 2020 UACPA
Richmond Virginia Nov 02, 2020 VSCPA

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 control 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.

Learning Objective

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 improve efficient and effective risk management in your organization.

Topics Dicussed

  • Traditional revenue system
  • Retail revenue cycle
  • Manufacturing revenue cycle
  • Service revenue cycle
  • Accounts receivable and billing
  • Cash receipts
  • Revenue frauds and fraudulent financial reporting
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COURSE CODE

CL4RCR

FIELD OF STUDY

  • Auditing

CPE CREDIT HOURS

4

KNOWLEDGE LEVEL

Basic

INTENDED AUDIENCE

Auditors, practitioners, and all levels of CPA professionals

PREREQUISITE

None

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Webcast

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Contact State Societies for Public Seminar Pricing and Additional Information