2021 Small Business Fraud Update (Currently Unavailable)

Fraud impacts small businesses very heavily — whether they are perpetrators or on the receiving end of an elaborate scam. The IRS keeps a watchful eye out for any fraud red flags. Get tips from Dr. Robert K. Minniti on accounting and tax preparation for these clients, as well as how to spot red flags before it's too late.

If you are working in the forensic accounting field at some time in your career it may be necessary to conduct a fraud investigation. This course is designed to review the procedures for conducting fraud investigations. We will review the steps and discuss potential pitfalls as well as some of the legal issues involved in conducting fraud investigations. Real world examples will be provided to help the participants understand the material in the course.
As well developed as the internal controls over our IT systems it is often the human element that allows criminals to commit online frauds against our businesses. This course is designed to show how criminals use employees to commit data breaches or to place malware on an organization’s computers. Real world examples will be presented to the audience. We will discuss awareness training and internal controls to help prevent these types of fraud.
When small businesses commit tax fraud they are usually trying to hide revenue and expense personal items as business expenses. In this course we will review the various ways small businesses commit tax fraud. We will discuss the red flags that could be indicative of tax fraud. Current cases from the news will be presented for discussion.
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.
With the onset of the COVID-19 virus and the shutdown of the worldwide economy what new risks exist for businesses. The criminals came up with new scams within days of the virus outbreak. Learn how criminals are trying to take advantage of the virus to line their pockets with ill-gotten gains. What internal controls should companies be using to protect organization. We will discuss IT and other frauds as well as cybersecurity in a COVID-19 environment.
Are you up to speed on the requirements for writing and auditing disclosures and notes to the financial statements? This course is designed for individuals who would like to obtain a better understanding of auditing notes and disclosures, specifically notes and disclosures to COVID-19 issues, government shutdown issues, and civil unrest issues that occurred in 2020. We will review the notes and disclosures to the financial statements and discuss what accountants and auditors should consider when writing and reading the notes, disclosures, and Management Discussion & Analysis (MD&A). We will discuss audit procedures that would allow the auditor to detect a material misstatement in the notes & disclosures from errors or fraud.
Dr. Minniti reviews the standards for properly preparing a small business valuation report and discusses what valuators should be aware of to ensure an accurate valuation opinion is released. In this on-demand lesson, you’ll learn to recognize common errors in business valuation, describe what can be presented in a court of law and used in litigation cases, recognize common errors small businesses make about depreciation, and more.
Total: 7 courses (14 CPE hours)

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