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Monday, February 08, 2021 | 10:30 AM EST
2 CPE credit for Certified Management Accountants (CMA)
2 CPE credit for Certified Internal Auditors (CIA)
2 CPE credit of Auditing for all CPAs
2 CPD credit (Verifiable) for CPA/CFF
2 CPD credit (Verifiable) for Canadian CPAs
2 General Educational credit for Tax Professionals / Bookkeepers / Accountants
email extinguisher: simple steps to shrink the inbox
Dec 31, 2020 | 02:30 PM EST View Details
executive overview of repatriation of foreign earnings (topic 606)
Feb 01, 2021 | 10:00 AM EST View Details
excel accountant: taming large spreadsheets
Feb 04, 2021 | 10:00 AM EST View Details
kpi’s (key performance indicators): how to implement them and achieve success through them
Feb 09, 2021 | 10:30 AM EST View Details
dealing with irs collections division (part i)
Feb 18, 2021 | 01:30 PM EST View Details
internal controls for businesses
Feb 26, 2021 | 10:00 AM EST View Details
partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis
Feb 26, 2021 | 08:00 AM PST View Details
ppp loans and tax implications: guidance for s-corporations and partnerships
Feb 26, 2021 | 04:00 PM EST View Details
excel accountant: pivot tables part 1
Mar 01, 2021 | 09:30 AM EST View Details
quickbooks: tricky & complex situations for advance learners
Mar 01, 2021 | 09:30 AM EST View Details
year-end payroll updates (latest)
Mar 01, 2021 | 09:30 AM EST View Details
most profitable strategies for cpa firms: 11 specific strategies of the most successful cpa firms
Mar 01, 2021 | 09:30 AM EST View Details
basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)
Mar 01, 2021 | 10:00 AM EST View Details
annual federal tax update - individuals (form 1040)
Mar 01, 2021 | 10:00 AM EST View Details
estate and financial planning: latest topics and best techniques
Mar 01, 2021 | 10:00 AM EST View Details
Inventory is one of the biggest assets on a manufacturer’s balance sheet. It’s also one of the hardest assets to measure and track. Thousands of transactions flow through the inventory account each year — and many of these journal entries require subjective estimates, such as overhead allocations, write-offs and valuation adjustments. In addition, many employees have direct daily access to inventory or inventory accounting records, providing an ongoing temptation to steal or cook the books. The retail industry estimates shoplifting losses at roughly $50 billion per year. Meanwhile, the ACFE estimates that 8% of occupational fraud involves the purchasing or warehousing and custody of inventory. With a total of $4.5 trillion, or 5% of GDP lost to occupational fraud, this is an additional $360 billion for a total of over $400 billion lost to inventory related fraud each year.
Inventory fraud can occur during the acquisition, storage, manufacture, or sale of inventory. Unanticipated inventory shortages due to theft, overpayment for inventory due to collusion with a supplier, and over-ordering inventory due to a conflict of interest can have a devastating effect on a business and may be the difference between success and failure. The examples mentioned above are only a few of the many schemes related to inventory fraud. It is incumbent on management to protect inventory and to make certain that goods conforming to the entity’s needs are acquired at reasonable prices and are used as intended to avoid a competitive disadvantage.
This CPE webinar will explore the ways inventory fraud may be committed and both common controls intended to prevent them as well as unconventional controls that may prove more effective when it comes to fraud prevention. In addition, we will also discuss information from which expectations can be derived to develop analytical procedures and management reports useful for detection.
Cases involving inventory losses will be used to highlight various schemes and controls.
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.
Owner, Mark Dauberman
Mark provides CPE and technical staff training for CPA firms, private industry, state CPA societies, and government organizations. His topics include accounting, SSARS, ethics, fraud, internal and external auditing, internal control development (COSO), entrepreneurship, and developing a business plan. Mark is in the process of initiating a new entity, The Internal Control Institute, which will be offering CPE and staff training related to internal controls, and in conjunction with professors from Claremont Graduate University, will be providing internal control consulting.
Mark is also an expert witness in the defense of CPAs in cases involving primarily ethics, fraud, and compliance with standards in the performance of professional services.
Mark also provides consulting services to CPA firms with an A & A practice that do not have an expert on GAAP or requirements of Professional Standards within the firm. He addresses such matters as conformity with GAAP, adequacy of disclosures, compliance with professional standards, risk assessment, development and performance of audit and review processes, engagement documentation, compilation and preparation engagements, ethics and independence requirements, assessing and enhancing internal controls for the firm and clients, preparation for peer review, and staff training and CPE. He also provides consulting services related to client management and marketing.
Mark’s public accounting experience includes working with Kenneth Leventhal & Company and more recently, he was a partner at NSBN, a Beverly Hills CPA and business consulting firm. Mark’s industry experience includes serving as assistant controller of a large trucking and warehousing firm along with controller and Vice President of Finance and Administration for major real estate development companies. Mark also spent nearly 30 years as an entrepreneur, operating a company that prepared individuals for the CPA exam nationwide.
Mark
has been involved in accounting education at CSU Northridge, CSU San
Bernardino, Loyola Marymount University and UCLA. He obtained his bachelor’s degree in
accounting from CSU Northridge. He obtained his Executive MBA at the Peter
Drucker and Masatoshi Ito School of Management at Claremont Graduate
University, where he previously had been a student of Dr. Drucker’s. He also obtained an Internal Control
Certificate from COSO. Until recently, he
authored “Knowledge Based Preparation, Compilation, and Review Engagements” for
CCH and updated their checklists for SSARS engagements. He also served as Senior Editor for Roger CPA
Review.
Mark Currently provides CPE and technical staff training for CPA firms, private industry employers of accountants, and government organizations on topics that include accounting, compilation and review, fraud, internal and external auditing, developing internal controls, strategic planning, and practice management. He is also the Senior Editor for Roger CPA Review Course and authors CCH’s “Knowledge-Based Compilations and Reviews”.
Mark’s public accounting experience includes working with various local firms throughout high school and college, and employment with Kenneth Leventhal & Company. More recently, he was a partner at NSBN, a Beverly Hills CPA and business consulting firm, where he served as director of the audit practice and was responsible for recruiting, training, business development, quality control, and strategic planning for the firm. Mark’s industry experience includes serving as assistant controller of a large trucking and warehousing firm. He has been both a controller and the Vice President of Finance and Administration for major real estate development companies. Mark also spent nearly 30 years as an entrepreneur, operating a business that prepared individuals for the CPA exam.
Mark taught his first university accounting class in 1969 and has been involved in accounting education since, most recently a visiting lecturer at California State University at San Bernardino.
Mark obtained his bachelor’s degree in accounting from California State University at Northridge. He obtained his Executive MBA at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he previously had been a student of Dr. Drucker’s.
KA
KATHRYN ASTBURY ,
Dec 8th 2020
Well constructed class. Alot of personal experience on behalf of the presenter.
EH
Ethan Hill ,
Dec 8th, 2020
Overall experience with the class was pretty good.
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