Purchasing and cash disbursements are common targets for fraud in any entity’s environment. Today, many practitioners, auditors and management in industry are aware of the criticality of adequate internal controls, but may be uncertain whether existing controls in their organizations are adequate. It is important to understand common frauds and internal controls over the purchasing and cash disbursement cycle. This webcast also emphasizes smaller businesses and not-for-profit entities where cost/benefit analysis is extremely important and fraud is more likely to occur. Learn how to analyze existing controls and consider or implement new controls to more effectively and efficiently address the needs of your organization.
The acquisitions cycle: ordering, receiving, and warehousing, Cash disbursements cycle - Payroll and expense reimbursement frauds, External auditing and forensic investigations: conceptual and procedural differences, Controls and design.
Learning Objectives: - Identify common frauds in the purchasing and cash disbursement processes. Recognize internal controls to mitigate various risks. Recall an analysis process to improve efficient and effective risk management in your organization.
Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees, including the American Institute of Certified Public Accountant’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialized Accreditation Board.
He has numerous years experience in public accounting and serves as a consultant to various organizations. He has provided consulting services to Fortune 100 firms, Big Four CPA firms, financial institutions, government agencies and various other entities throughout North America, Europe, and the Pacific Rim. He has presented over 2,000 professional seminars and has published over 50 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His books address security, fraud, and internal controls (for small and public entities) in a variety of systems, including E-commerce and cloud computing. He has written numerous book, including those published by the AICPA some of which include – Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls; Revenue and Cash Receipts: Common Frauds and Internal Controls; Internal Controls and IT: Reliable Reporting and Fraud Prevention; E-Commerce Controls and Audits; Common Fraud: A Guide to Thwarting the Top Ten Schemes; and Internal Control Essentials for Financial Mangers, Accountants, and Auditors.
Glenn has been awarded the outstanding Discussion Leader Award from the AICPA for numerous consecutive years. He has received similar awards from state societies and universities.
Non-Member Price $219.00
Member Price $179.00