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Event Information

K2's Small-Business Internal Control, Security and Fraud Prevention and Detection Webcast | 4203871E
Date: August 18, 2020
Event Start time: 6:00 AM   End time: 1:30 PM
Location: Webcast

Facility: Webcast Rebroadcast

 


Member:       $289
Nonmember: $389

CPE Credits:

8.00 CPE: Continuing Professional Education Technical
8.00 AA: Auditing & Accounting
4.00 FR: Fraud


 

Internal controls are more important than ever, and their importance increases daily. But internal controls present a challenge for many smaller organizations. Learn to evaluate, develop, and implement an effective internal control structure in a small business environment. Discover how to assess risk in smaller organizations, and how to implement preventive, detective, deterrent, and compensating controls to mitigate these risks, even in the absence of proper segregation of duties.

Additionally, learn technology-focused techniques for preventing and detecting fraud as well as securing information systems and sensitive data. As a participant, you will benefit from case studies where theoretical concepts are implemented and demonstrated in leading small business accounting software programs, such as QuickBooks and QuickBooks Online, Sage 50/Peachtree, Microsoft Dynamics GP, and Sage 100.

 

Objectives:
 
  • Cite internal control fundamentals, including definitions and concepts, types of internal control activities, and the need for internal controls
    • Identify common small business control deficiencies and issues, including concentration of ownership and inadequate segregation of duties, and list five key risk areas for small businesses
    • Recognize the common types of fraud schemes occurring in small business and implement internal control measures to reduce the threat of becoming a victim
    • List the objectives and common deficiencies of small business accounting systems
    • Define the purpose of general controls and list examples of common general controls in small businesses
    • Identify relevant internal control procedures over revenues, cash, purchasing, payables, payroll, inventory, and fixed assets in small businesses
 

Major Subjects:
 
  • Internal control fundamentals
  • Fraud in America today
  • General controls and security measures
  • Desktop tools for preventing and detecting fraud
  • Internal control opportunities in small-business accounting software
 

Level of Difficulty:
Intermediate

Field of Interest:
Auditing

Prerequisites:
 

Basic understanding of internal controls and accounting and administrative processes in smaller organizations.

 

Designed For:
 

Financial and business professionals.

 

Advanced Prep:
 

None.

 

Event Notes:
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