Description
For small organizations, maintaining an effective system of internal controls presents a significant challenge. Realistically, implementing many theoretical concepts surrounding internal controls may sometimes be impossible. Consequently, many internal control structures foster an environment where too much risk exists. This factor and uncontrolled information systems can often lead to disastrous results. Participate in this program to learn the necessary insights and tools to design, implement, and monitor small organizations' internal controls, security, and anti-fraud measures.
Designed For
- Business professionals responsible for internal control and fraud prevention and detection
Objectives
- Fraud plagues small businesses - the group that can least afford it! Fortunately, there are proven options you can implement to stem the tide of fraud found in smaller companies and not-for-profits, and in this session, you will learn how to do precisely that!
- 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 businesses 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 typical control techniques in small businesses
- Implement technology tools to prevent and detect occupational fraud
- List opportunities to enhance security over information systems and sensitive data
Highlights
- Common challenges associated with implementing appropriate internal controls in small business environments
- Fraud in small business environments
- Internal control options in small business accounting software
- Understanding the need for application controls and general controls
Advanced Prep
- None
Register Now
Registration is closed. Please contact ISCPA at 208-344-6261 or email cpe@idcpa.org if you have any questions.
Leaders
Brian Tankersley
Brian Tankersley is a consultant who advises US firms and companies on accounting technology issues. Mr. Tankersley is a frequent speaker at continuing education courses for K2 Enterprises, and publishes a nationally recognized blog on accounting and technology (www.cpatechblog.com). He has also served as the technology editor for a major accounting industry publication. Mr. Tankersley has over 25 years of professional experience, including accounting, auditing, technology, and education, and has been with K2 Enterprises since 2005.