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.