NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Common Frauds and Internal Controls for Revenue, Purchasing and Cash Receipts

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Online Registration Form

Date: September 28, 2017
Location: Fairfield Inn & Stes, Grand Island
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
As an accounting professional, you are in a unique position to protect your organization from fraud and human error. Learn how to establish a cost-effective system of controls to reduce your organization's exposure while maximizing profits. Explore the common areas for misstatements, both unintentional and fraudulent, that fall within an entity's revenue and purchase cycles and learn how to protect your clients or company against these risks.
Objectives
When you complete this course you will be able to: * Distinguish some of the major revenue recognition principles used by different entities. * Recognize common misappropriation of asset frauds in the various revenue cycles, including: accounts receivable, billing, and cash receipts. * Identify common frauds related to different purchase cycles, including: acquisitions (ordering, receiving, and warehousing), cash disbursements, payroll, and expense reimbursement. * Estimate areas of greatest risk. * Identify internal controls to mitigate assorted risks. * Distinguish differences between external audit and forensics procedures and principles.
Highlights
* Common fraud risks within the numerous variations of revenue, purchasing, cash receipts, and cash disbursement processes * Analysis of controls for effectiveness and efficiency * Estimating the cost/benefit of correcting a control weakness * Control implementation ideas for a range of entity sizes and different industries * Differences between external audit and forensic practices.
Who Should Attend
Business owners, managers, supervisors, accountants, and auditors.

Course Level Basic
Prerequisites None
Course IDCFIC
Discussion LeaderWilliam Wagner, AICPA
CPE Credit8 Hours
Additional Information: Parking and lunch are provided on-site. Please see pages 11-13 for special lodging rates.
Fee: $260 - Society & AICPA Member
$290 - AICPA or Society Nonmember
$320 - AICPA & Society Nonmember
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635 S. 14TH ST. SUITE 330
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