Key Process Controls

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Key Process Controls - Billing

CRMA

CPA/CFF

CFE

CGAP

CGFM

CIA

CMA

CPA (US)

IAP

QIAL

IA LPA

ME LPA

DE LPA

CICA

CCS

Free (Only Today)

3 Credits

Subject Area

Auditing

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Course Description
Course Qualification
Presenter
FAQ

Course Description

In today's highly competitive business landscape, accurate customer billing is paramount for companies to thrive. To achieve this, a solid understanding of key controls in the billing process is essential for internal auditors, business managers, and anyone seeking to improve or audit business operations.
In this course, you'll delve into the fundamentals of internal controls, gaining insights into the continuum of controls for businesses and strategies for enhancing these systems while striking a balance between effectiveness and cost. We'll also explore risk assessment, helping you identify and address internal and external risks, as well as inherent and residual risks, enabling you to develop robust risk mitigation strategies.
Understanding fraud risk factors is vital in safeguarding businesses against potential threats. Our course will equip you with the ability to recognize the components of the Fraud Triangle and Fraud Diamond, allowing you to create a fortified defense against fraudulent activities. In addition to the in-depth exploration of internal controls, this course provides a detailed examination of the billing process. You'll gain proficiency in identifying the five primary billing activities and understanding the key documents involved in billing procedures.
Key topics covered in this course:
Application Controls
Automated Controls
Continuous Control Monitoring
Credit Memorandum
Detective Internal Controls
Employee Fraud
Management Fraud
Manual Controls
Preventative Internal Controls
Residual Risk
Return Merchandise Authorization Form
Sarbanes Oxley Act
Segregation of Duties
Join this CPE Auditing Course it will take your understanding of internal controls and billing processes to new heights. Embark on this transformative learning journey and equip yourself with valuable expertise to bolster your business's success.

Learning Objectives

To recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
To identify risk categories including internal and external risk in addition to inherent and residual risk.
To recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
To recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls.
To identify internal control categories including preventative or detective controls and manual or automated controls.
To analyze the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.
To identify the five primary billing activities.
To identify key documents in the billing process.
To discuss the process-specific controls related to the billing process.
To identify billing process considerations and periodic monitoring analysis and other procedures for the billing process.

Course Qualification

Webinar Qualifies For

3 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
3 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
3 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
3 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
3 CPE Credit of Auditing for Certified Management Accountants (CMA)
3 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
3 CPD Credit of Auditing for Certified Financial Forensics (CFF)
3 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
3 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
3 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
3 CPE Credit for Certified Internal Controls Auditor (CICA)
3 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
3 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
3 CPE Credit for Certified Controls Specialist (CCS)
3 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
3 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)

Additional details

Course Level :

Basic
Credits :

3
Pre-requisites :

None
Advance Preparation :

None

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.

Presenter

About Presenter

Reid Conrad

Owner, CPE Academy

Reid Conrad is a renowned CPA. With contagious enthusiasm, he engages audiences uniquely through text-based presentations. He is a distinguished renowned educator, and esteemed presenter in the realm of Accounting. With a passion that knows no bounds, Reid's presentations are infused with an infectious enthusiasm that captivates his audience.

Reid is a trailblazer in the field, sharing his knowledge exclusively through text-based formats. His mastery of the written word allows him to communicate complex Accounting concepts with exceptional clarity and precision, leaving a lasting impact on his audience's understanding.

About Company

CPE Academy

CPE Academy is an educational firm comprised of CPAs with experience in public accounting, industry, internal audit, and university teaching. The principals have more than 40 years of experience and their public accounting experience includes audits for both large and small CPA firms with several large publicly traded clients. Their industry experience includes home building and oil and gas accounting. Their internal audit experience includes process reviews, contract audits, agreed upon procedures, and regulatory engagements. Their university teaching includes a wide range of accounting, auditing, data analytics, and tax courses. With the unique combination of extensive corporate experience and university level teaching the firm is able to offer exceptional educational material.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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