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

  • Accountant
  • CPA (CA)
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Fraud Involving Cash
    4 mins
  • Fraudulent disbursements
    10 mins
  • Most common type of fraud affecting small businesses
    12 mins
  • Payroll
    14 mins
  • Anti-Fraud Control Policies and Procedures
    16 mins
  • Job performance issues experienced by fraud perpetrators
    26 mins
  • The characteristics of Fraud
    35 mins
  • Supervising as a challenging task
    49 mins
  • Suggested internal control enhancements
    61 mins
  • Enhancing communication among departments to verify legitimacy of travel
    71 mins
  • Detection opportunities
    85 mins

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 in jeopardy.  It is the 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 Online CPE webinar on Auditing 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

You may be interested in Certification in Internal Audit Leading Practices.

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

Recommended For

  • This Online CPE Webinar on Audit is recommended for CPA, CMA, CIA, and Other Accounting, Auditing, and Tax professionals working at any level who desire to help their clients and their business save money and yield good advantages. 

    Who Should Attend?

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

    Course Qualification

    Webinar Qualifies For

    • 2 CPD Credit of Auditing for Chartered Professional Accountant (CPA Canada)
    • 2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
    • 2 CPE Credit of Auditing for Certified Management Accountants (CMA)
    • 2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
    • 2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
    • 2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
    • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
    • 2 CE Credit for Certified Wealth Strategist (CWS)
    • 2 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
    • 2 CPD Credit for CA - ICAEW
    • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
    • 2 CPD Credit for Chartered Accountants - Scotland
    • 2 CPD Credit for CPA - Ireland
    • 2 CPD Credit for Chartered Certified Accountants (ACCA)
    • 2 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
    • 2 CPE Credit of Financially-related fraud for Certified Government Financial Manager (CGFM)
    • 2 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
    • 2 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
    • 2 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
    • 2 CPE Credit of Fraud for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
    • 2 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)

    Additional details

    • Course Level :
      Basic
    • Credits :
      2
    • Instructional Method :
      QAS Self Study
    • 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

    Mark Dauberman, CPA (US)

    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.

    About Company

    Mark Dauberman

    www.markdauberman.com

    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.

    Faq

    FAQs content

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    Ratings and Review

    4.4

    110 Ratings

    Excellent

    55

    Very Good

    45

    Average

    8

    Poor

    1

    Terrible

    1

    TG

    Tracy Green, CPA (US)

    Dec 28th, 2020

    Awes Awesome presenter!

    KN

    Khalid Nadim, CFE

    Jan 30th, 2022

    The session was informative and kept me glued to the monitor. Would be helpful in brushing up knowledge.

    MO

    Melissa Oduor, CPA (US)

    Jan 11th, 2021

    The on-demand webinar was very convenient to fit in required CPE. The instructor was very engaging.

    RM

    Rachel Mazoch, CPA (US)

    Aug 30th, 2022

    Love learning more about fraud and different cases, such an interesting topic!

    JE

    Jack Evans, Accountant, CFE

    Sep 6th, 2020

    The content was well done. The time monitoring of the video was off and I had to run the video a second time.

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