CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Understanding, detecting and preventing Inventory Fraud

  • CRMA
  • CFF
  • CFE
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
Understanding, detecting and preventing Inventory Fraud

2 Credits

$40

Subject Area

Auditing

Webinar Qualifies For

2 CPE credit of Auditing for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPE credit for Certification in Risk Management Assurance (CRMA)

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPD credit (Verifiable) for CPA/CFF

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This Course is Also Available in Self Study (On-Demand)

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Course Description

Organization has to look above and beyond financial impacts of fraud. Inventory fraud means the theft of inventory items and the falsification of inventory records on a company's financial statements. A small businesses are the main target where employees or business itself may engages in fraudulent activities to trick shareholders and tax agencies. Inventory means raw materials, WIP stocks or finished goods items kept at company's storage facility. Inventory is considered as one of the most valuable current assets of the entity's financial statements. It requires you to use various methods to measure and track inventory. Hence, protection of inventory becomes essential for company's growth. Well timed fraud detection and prevention can save valuable time and money of your organization.

This CPE/CPD Webinar is designed to review the issue of inventory frauds. Examples of actual frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered. We will review various methodologies for detecting inventory fraud and will discuss developing internal controls to help prevent and detect inventory fraud. 

This online Fraud CPE webinar covers the following key topics:

  • Review the issue of inventory frauds
  • Examples of actual frauds
  • How frauds are being committed and how they are uncovered
  • Review various methodologies for detecting inventory fraud
  • Develop internal controls to help prevent and detect inventory fraud

Learning Objectives

  • To identify common inventory frauds
  • To review how to design internal controls to help prevent and detect inventory fraud

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Assistant Controllers
  • Auditors
  • Business Owner
  • CEO
  • Certified Fraud Examiner
  • Certified Management Accountant
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Fraud & Forensic Auditor
  • Fraud Analyst
  • Fraud Detection Specialist
  • Fraud Examiner
  • Fraud Investigator
  • Young CPA

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