Combat Fraud with Effective Internal Controls

Author: Susan Harper

Internal controls offer businesses of all sizes an opportunity to decrease their risk of losses because of theft or misappropriation of assets. With the right strategies and procedures in place, it is possible to drastically reduce exposure to fraudulent activity for you and your clients. Join Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent for more than 30 years, as she discusses internal controls and why they are necessary to safeguard your assets. Consider where weaknesses exist in your internal controls to create deterrents through robust policies and procedures. Explore red flags and the importance of regular monitoring. With 20 years of instructing CPE courses, Susan will deliver an entertaining and informative course to help you understand how to protect yourselves against potential control fraud by ensuring adequate oversight with vigilant monitoring.

Publication Date: September 2023

Topics Covered

• Internal Controls Defined
• Why Necessary and Who is Responsible?
• Internal Control Breakdowns
• Fraud and its Types
• Consistent Patterns in Fraud Cases
• Fraud Prevention Tips
• Fraud Prevention Strategies
• List of Internal Controls to Mitigate Risks
• Case Studies

Learning Objectives

• Identify internal controls, why they are necessary, and who is responsible
• Describe how to implement internal controls in an organization
• Identify common causes of internal control breakdowns
• State what fraud is and its types
• Identify the consistent patterns in fraud cases
• List fraud prevention tips in payroll, purchasing, cash receipts, and more
• State fraud prevention strategies
• List internal controls to mitigate risk of business fraud

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Business Management & Organization (2 hours)

Program Prerequisites
None

Advance Preparation
None