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CPE Self-Study

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

  • $69.00-$89.00
    Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls Online Access Product #: 163871
    AICPA Member: $69.00
    Non-Member: $89.00

Purchasing and cash disbursements are common targets for fraud in any entity’s environment. While business owners and managers are aware of the importance of internal controls, they often don’t know whether their own system is adequate.

This CPE course will help business owners and CPAs detect key risk factors, design internal controls to mitigate that risk, and develop a process to ensure effective risk management continues in an ongoing basis. It also helps you efficiently analyze controls to ensure you’re getting the “biggest bang for your buck” when considering a control to implement and/or test.

The course focuses on smaller businesses and not-for-profit entities where cost-benefit analysis is extremely important and fraud is more likely to occur.

Key Topics:

  • The acquisitions cycle: ordering, receiving, and warehousing
  • Cash disbursements cycle
  • Payroll and expense reimbursement frauds
  • External auditing and forensic investigations: conceptual and procedural differences

Learning Objectives:
This course will prepare you to:

  • Identify common frauds in the purchasing and cash disbursement processes
  • Identify internal controls that mitigate various risks
  • Apply an analysis process to ensure efficient and effective risk management

Who Will Benefit?
Business owners, managers, supervisors, accountants, and auditors at small businesses and nonprofits

Prerequisite:  None

Advance Preparation:  None

System Requirements

About the Authors

Gerry Fujimoto, CPA



Glen Helms PH.D, CPA, CIA, CISA, CFF, CITP



Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP

Greensboro, NC

Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the American Institute of Certified Public Accountant's Auditing Standards Board's Computer Auditing Subcommittee and its Specialized Accreditation Board.

Dr. Helms has presented over 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 60 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His books address security, controls and fraud in a variety of environments. He has numerous years' experience in public accounting and serves as a consultant to various organizations including CPA firms, financial institutions, and large and small entities.

He has authored numerous CPE courses including - Internal Control Best Practices for Small- and Medium-Sized Entities, Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls, Revenue and Cash Receipts: Common Frauds and Internal Controls, Internal Control Essentials for Financial Managers, Accountants, and Auditors, Forensic Accounting Investigative Practices, Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities, and IT Risk and Controls in Traditional and Emerging Environments Dr. Helms is a multiple year recipient of the Don Farmer Award, and also the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented. He has received similar awards from state societies and universities.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.