Fraud can occur in the best of organizations, but those with effective controls should be able to detect it in a timely manner.
Many companies do not have sound policies and procedures. Even those who do, do not always look for controls in those procedures, or understand the link between sound, workable internal controls and deterring fraud. Companies should have a written internal control policy. In many cases, it is written, approved and put on a shelf and not effectively used. An effective internal control policy should become a mindset that every employee is aware of and knows its importance. Fraud can occur in the best of organizations, but those with effective controls should be able to detect it in a timely manner. Effective policies do help to deter fraud and there are red flags that employers and auditors can look for to help detect fraud.
Learning Objectives
- You will be able to define the five areas of internal control.
- You will be able to describe the difference between a process and a control.
- You will be able to discuss the link between controls, segregation of duties and fraud prevention.
- You will be able to explain the fraud triangle.
Credit
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Internal Controls | |
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| Segregation of Duties | |
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| Fraud | |
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Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
OnDemand Course
This course was last revised on February 24, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Live Webinar Registration
CPE 2.0 including Auditing 2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Auditing for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for accountants, tax managers, tax preparers, accounts payable professionals, bookkeepers, CFOs, controllers, business managers and owners, presidents, vice presidents, CEOs, operations managers and consultants.
Credit
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Karen McMurray, CPA, CFE, CICA, CGMA
Blackburn, Childers & Steagall, PLC
- Retired partner in the office of Blackburn, Childers & Steagall, PLC
- Practice emphasizes all aspects of audit, particularly governmental and not-for-profit, also a certified fraud examiner
- The firm conducts an annual accounting, auditing and tax update in which she has been a regular speaker; she has also been a previous presenter for Lorman
- Membership information: CPA, certified fraud examiner (CFE), certified internal controls auditor (CICA), and a CGMA
- B.S. degree, East Tennessee State University
- Can be contacted at 423-282-4511 or [email protected]
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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