CPE Self-Study

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

  • $99.00-$129.00
    Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls Availability : In Stock Product #: 753337
    AICPA Member: $99.00
    Non-Member: $129.00
  • $69.00-$89.00
    Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls Availability : Online Access Product #: 163872
    AICPA Member: $69.00
    Non-Member: $89.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-CL4PCD

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 risk, and develop a process to ensure effective risk management continues on an ongoing basis. It also will help you efficiently analyze controls to ensure you're getting the biggest bang for your buck when considering a control to implement or test.

Featuring key industry topics, this CPE course includes the acquisitions cycle (ordering, receiving, and warehousing); cash disbursements cycle; payroll and expense reimbursement frauds; external auditing and forensic investigations (conceptual and procedural differences) and internal controls and effective design.

This course offers real-life fraud scenarios as well as fictitious case studies to help participants apply the concepts learned about fraud and internal controls. 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.

Learning Objectives

This course will prepare you to do the following:

  • Identify common frauds in the purchasing and cash disbursement processes.
  • Recognize internal controls to mitigate various risks.
  • Recall an analysis process to improve efficient and effective risk management in your organization

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

Who Will Benefit?

  • Business owners, managers, supervisors, accountants, and auditors

Table of Contents

System Requirements

About the Authors

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

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 3,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 70 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.

Dr. Helms has authored over 50 CPE course addressing internal control, forensic accounting, and IT auditing. 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

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.