Combat Fraud with Effective Internal Controls (Completed)

Internal controls offer businesses of all sizes an opportunity to decrease their risk of losses because of theft or misappropriation of assets. With the right strategies and procedures in place, it is possible to drastically reduce exposure to fraudulent activity for you and your clients. Join Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent for more than 30 years, as she discusses internal controls and why they are necessary to safeguard your assets. Consider where weaknesses exist in your internal controls to create deterrents through robust policies and procedures. Explore red flags and the importance of regular monitoring. With 20 years of instructing CPE courses, Susan will deliver an entertaining and informative presentation to help you understand how to protect yourselves against potential control fraud by ensuring adequate oversight with vigilant monitoring.

Topics Covered

• Internal Controls Defined
• Why Necessary and Who is Responsible?
• Internal Control Breakdowns
• Fraud & its Types
• Consistent Patterns in Fraud Cases
• Fraud Prevention Tips
• Fraud Prevention Strategies
• List of Internal Controls to Mitigate Risks
• Case Studies & Statistics

Learning Objectives

• To define internal controls, why they are necessary, and who is responsible
• To describe how to implement internal controls in an organization
• To discuss common causes of internal control breakdowns
• To understand what fraud is and its types
• To identify the consistent patterns in fraud cases
• To provide fraud prevention tips in payroll, purchasing, cash receipts, and more
• To share fraud prevention strategies
• To list internal controls to mitigate risk of business fraud

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Business Management & Organization (2 hours)

Program Prerequisites
None

Advance Preparation
None