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Technical

Revenue and Cash Receipts: Common Frauds and Internal Controls Logo aicpa

  Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP |   $179.00 - 219.00 |   30 Jun 2020 |   09:00-13:00 |   CPE: 4.0 |   AICPA |   Auditing |   AICPA Store
Who Will Benefit?
  • Auditors
  • Practitioners
  • All levels of CPA professionals
Key Topics
  • Traditional revenue system
  • Retail revenue cycle
  • Manufacturing revenue cycle
  • Service revenue cycle
  • Accounts receivable and billing
  • Cash receipts
  • Revenue frauds and fraudulent financial reporting
Learning Objectives
  • 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.

Mitigate the risks

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.

In this webcast, you will learn the common types of fraud in the revenue and cash receipts processes, understand internal controls that can mitigate various risks, and develop an analytical process to ensure efficient and effective risk management.

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. The webcast will help you do that.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Internal control, Foundational
  • Financial accounting & reporting: Technical: Internal control, Foundational
  • Assurance: Technical: Audit: Internal control, Foundational
  • Forensic & valuation services: Technical: Fraud, Foundational

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