Money Talks – Don’t Let it Walk – Prevent & Detect Cash Fraud

4.7 (22)

Mark Dauberman, CPA

Mark Dauberman

Wednesday, January 27, 2021 | 10:30 AM EST

  • CPA Canada
  • CFF
  • CIA
  • CMA
  • CPA

2 CPE | 2 CPD

$20

Subject Area

Auditing

Webinar Qualifies For

2 CPE credit of Auditing for all CPAs

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Certified Management Accountants (CMA)

2 CPD credit (Verifiable) for Canadian CPAs

2 CPD credit (Verifiable) for CPA/CFF

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

email extinguisher: simple steps to shrink the inbox

(344)

Dec 31, 2020 | 02:30 PM EST View Details

executive overview of repatriation of foreign earnings (topic 606)

(3)

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

(5)

Feb 09, 2021 | 10:30 AM EST View Details

dealing with irs collections division (part i)

(207)

Feb 18, 2021 | 01:30 PM EST View Details

excel accountant - error prompts explained

(1)

Feb 25, 2021 | 09:30 AM EST View Details

mastering your ethical intelligence

Feb 25, 2021 | 09:30 AM EST View Details

top 10 things all cpas need to know about irs representation

(788)

Feb 25, 2021 | 09:30 AM EST View Details

ifrs 6: oil, gas, mining, and other extractive industries

(2)

Feb 25, 2021 | 09:30 AM EST View Details

quickbooks online (qbo) mobile application for accountants

(61)

Feb 25, 2021 | 10:00 AM EST View Details

practical guide to iras – contributions & distributions for traditional, roth, sep & simple iras

(24)

Feb 25, 2021 | 10:00 AM EST View Details

where do they go wrong? – using risk assessment to improve audit effectiveness

(13)

Feb 25, 2021 | 10:00 AM EST View Details

complete cfo guide on analytics,corporate performance management,budgeting,reporting

(22)

Feb 25, 2021 | 10:00 AM EST View Details

comprehensive guide to identity theft with case studies

(26)

Feb 25, 2021 | 10:00 AM EST View Details

complying with payroll laws

Feb 25, 2021 | 10:30 AM EST View Details

Course Description

Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well-publicized fraud in these areas in larger companies, it also occurs, and can even be more likely to occur, in smaller businesses and not-for-profit entities. A sound system of internal control is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. 

According to the 2020 Report to the Nations, published by the ACFE, three of the five asset misappropriation schemes presenting the greatest risk involve the misappropriation of cash.  They are:

  • Check and payment tampering
  • Cash larceny
  • Payroll

A deficiency in internal control that prevents an entity from protecting its cash is putting that entity’s existence into jeopardy.  It is management’s responsibility to develop, implement, and maintain controls to protect the entity’s assets from misappropriation as well as to otherwise achieve management objectives.  In addition, regardless of the actual relationship or the  service performed by a CPA for a client, in many cases a client will hold the CPA responsible for the detection of fraud and many even hold the CPA liable for fraud subsequently detected by others.

This course describes the most common types of fraud schemes used to misappropriate cash, including 

  • How Frauds are committed
  • The conditions under which frauds will be successful
  • The impact on various financial statement components  
  • Identifying the signs that may be indicators of fraud, and the controls that may be effective for prevention.

Learning Objectives

  • To recognize different fraud schemes involving cash and the risk of each occurring
  • To identify the process by which cash fraud is committed and the conditions that must exist for it to be successful
  • To perform an objective and effective risk assessment to identify control deficiencies
  • To identify controls effective for preventing cash fraud
  • To understand techniques for detecting cash fraud that did occur

Who Should Attend?

  • Finance Pros
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Auditors
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Accounting Practice Owners
  • Senior Accountant
  • VP Finance
  • Entrepreneurial Accountant
  • Accounting Managers

Testimonial

4.7

(22)
77%
18%
5%
0%
0%

MC

The course provided a good insight into various frauds in the accounting field.

EB

Great