Best Internal Control Practices and Fraud Tips | CPE Webinar online

Welcome to myCPE

Cover Your Assets: Fraud and Internal Controls

Reviewed

February, 2024

Learning Objectives

To identify the impact of fraud on their organization and the economy
To be familiar with the personal characteristics of a fraudster and some of the methods used to defraud organizations
To identify some common and cost-effective controls organizations can use to strengthen their internal control environment

Course Description

Many organizations have gone through extensive efforts to comply with Sarbanes-Oxley and other internal control regulations to ensure accuracy in their financial statements. But financial statement controls cover only a small area of risk and often ignore the far greater risks resulting from weak operational and other financial controls. This free CPE webinar not only addresses the theoretical concept of the internal control systems but also provides readers with the practical guidance they need to assume a role in the design, implementation, maintenance and evaluation of a comprehensive framework of internal controls for their organizations

Odds are, fraud is happening at your company. If not now, it’s really only a question of when. Today’s session focuses on the staggering statistics of occupational fraud as well as some cost-effective solutions that small- and intermediate-sized companies can consider to safeguard your assets and protect your operations. If time permits, we will also look into a fraud case study and discuss red flags in the behavior of a fraudster.

Highlights of the webinar :

Examine effective internal controls concerning revenue, accounts receivable, and cash receipts.
Effective methods to control fraud.
Recognize signs indicating fraud and enable detection strategies.

Overview

Learning about Association of Certified Fraud Examiners

2 mins
What is the Data Behind the Scenes

10 mins
How is Occupational Fraud Committed?

19 mins
Victim Organizations

26 mins
The Control Environment

40 mins

Webinar Qualifies For

1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Auditing for CPA in Canada
1 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Fraud Examiner (CFE)
1 CPE Credit of Auditing for Certified Management Accountants (CMA)
1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CPD Credit for Chartered Accountant - ICAEW
1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
1 CE Credit for Certified Wealth Strategist (CWS)
1 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
1 CPE Credit of Business Fraud and Deterrence for Master Analyst In Financial Forensics (MAFF)
1 CPE Credit for Certified Internal Controls Auditor (CICA)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
1 CPD Credit for CPA - Ireland
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
1 CPE Credit for Certified Controls Specialist (CCS)

About Instructor

Lucas LaChance

Partner, Lane Gorman Trubitt, LLC

Lucas is a Texas Society of CPAs Rising Star Award-winning experienced auditor, director, board member, manager, and publisher with more than 15 years of leadership experience in external audit and internal audit with an emphasis on risk-based (COSO) audit approaches. His responsibilities include the oversight and management of a department of more than 30 professionals (budget monitoring, analysis metrics, recruiting/retention, coaching, mentoring); partnering with clients with assets in excess of $150MM+ to identify, analyze, and mitigate financial and industry risks to their strategic plan; planning and execution of multiple, large-scale, simultaneous projects; and development and implementation of numerous accounting and finance presentations to external clients, committees, and boards as well as to local, state, and national audiences about accounting industry developments.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.6

Excellent

Very Good

Average

Poor

Terrible

Chris Ferner, CPA (US)

Lucas did a great job with the webinar, it was very informative,Lucas has high energy, very excited about subject matter with lots of great data points!

Paula Demery, CFE, CPA (US)

This was yet another great webinar through myCPE!! I enjoyed the stories and the case study presented during this webinar. Keep up the great work!

PWF

Peter W Fierro, CPA (US)

This one was very good. Not surprising, since it was lead by a CPA. Some my-cpe's are a little light on technicals, but this one was impressive.

Alicia Grantham, CPA (US)

The platform worked smoothly. I was able to hear and see the presenter and the content and was able to submit responses to all polling questions,

Amanda Gagelonia, CPA in Canada

Great presenter, very interesting info. If I could give one critique it focused a bit much on stats rather than actual concepts.

1 Credit

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Auditing

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Cover Your Assets: Fraud and Internal Controls

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Lucas LaChance

Other Details

Additional Information

1 Hour

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.6

Chris Ferner, CPA (US)

Paula Demery, CFE, CPA (US)

Peter W Fierro, CPA (US)

Alicia Grantham, CPA (US)

Amanda Gagelonia, CPA in Canada

Subject Area

Unlimited Access Plan

Inclusions

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