Fraud and Small Business

Course Information

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Title:	Fraud and Small Business
Category:	Accounting and Auditing
Field of Study:	Auditing
Course Code:	M194
CPE Credits:	5.0
Price:	43.95

Description

Description:

This course is designed to help small businesses understand the need for internal controls and develop simple systems to protect businesses against employee fraud schemes. It focuses on common methods of fraud, behavioral and transactional red flags, and control design principles for small businesses. It provides practical recommendations to help small businesses prevent and detect fraud in this unique environment. For example, it offers suggestions for how to overcome the lack of segregation of duties that is often present in small businesses. It discusses how to promote ethical culture through the appropriate tone at the top and code of conduct. It also identifies ways to retain ethical and qualified employees. Finally, it includes checklists to help small businesses assess and strengthen the internal controls in high-risk areas of fraud, such as cash receipts, purchasing & payables, and payroll.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Accounting and Auditing

Field of Study: Auditing

Passing Score: 70%

Technical Details: Auditing is a technical field of study. CA: Fraud

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Objectives

Objectives:

1. Identify common forms of employee fraud 2. Recognize the behavioral and transactional red flags 3. Identify principles of designing an effective control system 4. Recognize strategies to prevent and detect fraud schemes

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA