Credit Card & Cash Frauds (Completed)

If your business accepts credit cards or cash payments you need to be aware of the fraud risks for these types of payments. This course is designed to review the issue of fraud in the cash accounts and cash maintained at a business location. It will also cover the various types of credit card frauds that occur in businesses. Examples of actual frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered. We will review various methodologies for detecting cash frauds and will discuss developing internal controls to help prevent and detect cash frauds.

Who Should Attend
CPAs, CFEs, CFFs, MAFFs, CGMAs, CMAs, CIAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

Topics Covered

• Issue of fraud in the cash accounts and cash maintained at a business location
• Various types of credit card frauds that occur
• Examples of actual frauds
• How frauds are being committed and uncovered
• Various methodologies for detecting cash frauds
• Develop internal controls to help prevent and detect cash frauds

Learning Objectives

• Identify the methodologies for detecting cash frauds
• Design internal controls to prevent and detect cash frauds

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
Basic understanding of fraud and internal controls

Advance Preparation
None