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The Importance of Auditing Time and Expense

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

Published: August, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What mistakes might do
    9 mins
  • Business decision making
    26 mins
  • Possible controls
    33 mins
  • Director's remuneration
    52 mins
  • Using the data as a tool
    84 mins

Course Description

Do you ever reach the end of the workday and wonder where the time went? Of course, you do.

You felt like you were busy and working on important things all day, but when it’s time to go home, you wonder what you did all day.

How did the time get away from you?

If you want to figure out where your time goes, try doing a time audit.

On the other hand, expenses are a high-risk area for any company when comes to terms of accounting, and the chances of fetching quality observations are quite high as compared to other accounting processes.

When reviewing company expenses, auditors evaluate expenditures to make sure they were necessary and in line with internal policies. Expenses can be anything like the company paid money for in return for income – rent, invoiced expenses like the cost of supplies, and reimbursable expenses such as travel charges incurred by an employee.

Mention time and expense audit and you will get yawns around the conference room.  But this is more than just a tick mark exercise and should be taken seriously. 

But why? 

This CPE Auditing course will talk about the importance of auditing time and expense.

In this CPE webinar speaker, Denise Cicchella will highlight fraud and errors seen through the all-time years and expense abuse or fraud.  She will not go into great depth as to how to do the actual audit but will touch a bit on it.

This Auditing CPE webinar will tell you how skipping a Time and Expense audit can be catastrophic to the organization and how doing a time and expense audit can get you out of hot water with certain regulatory agencies. 

Learning Objectives

  • To analyze why Time and Expense Audit is important to the organization.
  • To discuss some frauds that have happened and the symptoms of each.
  • To investigate how problems in time and expense can affect the whole organization.
  • To discuss that time and expense can be a precursor to bigger fraud.

Recommended For

  • This Online CPE webinar is appropriate for CPAs, CFEs, external auditors, internal auditors, CIAs, forensic accountants, CFFs, law enforcement personnel, risk managers, business owners, and others who might be interested in learning the importance of auditing time and expense.

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Auditors
  • Business Owner
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Course Qualification

Webinar Qualifies For

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

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

Denise Cicchella

Founder & CEO, Auspicium

Denise Cicchella is a recognized expert in construction audit, protecting owners from the overpayment of construction costs due to error, negligence or fraud.

Dense is a Certified Internal Auditor, Certified Fraud Examiner, Certified Construction Auditor, Project Management Professional and Fellow of the Life Management Institute. She holds an MBA in International Business from Fairleigh Dickinson University and a BBA in Accounting from Loyola University.  She is the Founding President of the New York/New Jersey Chapter of the National Association of Construction Auditors. She has audited and led audit teams for small construction project as well as multi billion dollar projects.

She is an experienced trainer and can often be seen teaching domestically and internationally.

About Company

Auspicium

www.auspicium.com

Auspicium was founded as a management consulting firm specializing in audit, real estate management, facilities management and Construction Audit and construction audit cost recovery. We specialize in consulting, fraud examination, risk assessment, and training. Our founder is a recognized leader in the field and has spoken for private companies as well as for The Instiute of Internal Auditors and the Association of Certified Fraud Examiners.

Faq

FAQs content

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