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.
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Why Lorman?
Over 35 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
- Difference Between Processes and Controls
- Effective Controls and Why They Matter
Segregation of Duties
- How Can Segregating Duties Create Better Controls?
Fraud
- Costs to Companies as a Result of Fraud
- Types of Fraud
- Fraud Prevention and Illustrations of Fraud (Examples)
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More Program Information
Why Lorman?
Over 35 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
OnDemand Course
This course was last revised on February 22, 2021.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 35 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]
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More Program Information
Why Lorman?
Over 35 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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