Detecting and Preventing Cash Frauds (Completed)
Date: Tuesday, October 29, 2024
Instructor: Robert K Minniti
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Cash is one of the easiest assets to misappropriate. The ACFE estimates organizations lose around 5% of their revenue to fraud on an annual basis. This course is designed to review the issue of fraud in the cash accounts and cash maintained at a business location. 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
This course would be appropriate for CPAs, CFEs, MAFFs, CIAs, CMAs, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Cash Frauds
- Cash Fraud Statistics
- Red flags for cash frauds
Learning Objectives
- Identify red flags for cash frauds
- Identify internal controls to prevent cash frauds
- Identify internal controls to detect cash frauds
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
