Purchasing, Inventory & Cash Disbursements: Frauds & Controls [CL4PCD]

Aug 10, 2016
Time: 12:30 pm-4:00 pm

Subject:

Accounting & Auditing

Credit Hours:

4.00

Price:

Member: $150.00
Non-member: $225.00

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Discussion Leader:

Bob Walter    more info

Bob has been teaching CPE courses for the AICPA for 15 years, and during that time
has written seven CPE courses, including Employment Law Update (introduced
2016), Advanced Business Law for CPAs (2013 and updated annually), and Real
World Business Ethics (2003 and updated annually). Bob has received the AICPA
Outstanding Discussion Leader award in each of the last three years, placing him
among the top 20 instructors for AICPA nationwide. Since 2011, Bob also has served
as a senior instructor for IASeminars of London, England, teaching international CPE
courses for CPAs, Chartered Accountants, and financial officers in London, Geneva,
and Toronto. Bob has authored four multi-day CPE courses for IASeminars,
including Detecting and Investigating Financial Statement Fraud, SEC Reporting for
International Companies, and Management’s Discussion and Analysis. Bob has been a
practicing securities attorney for over 30 years, specializing in capital market
transactions including IPOs, follow-on offerings, and M&A. Recently his practice has
expanded to include representation of whistleblowers in referrals to the Securities and
Exchange Commission, and he now represents whistleblowers in five separate SEC
actions. Bob has authored six books on business law, ethics, and governance
published by AICPA, CCH, and Barron’s Business Library; multiple articles for
Washington Lawyer and the Colorado Lawyer; and numerous articles for state CPA
societies, including the AKCPA. Bob served as a member of the Standing Advisory
Group to the PCAOB in the first two years following its formation. He received his
J.D. degree from the Duke University School of Law and his B.S. degree in business
from Colorado State University.

Bob has been teaching CPE courses for the AICPA for 15 years, and during that time has written seven CPE courses, including Employment Law Update (introduced2016), Advanced Business Law for CPAs (2013 and updated annually), and Real World Business Ethics (2003 and updated annually). Bob has received the AICPA Outstanding Discussion Leader award in each of the last three years, placing him among the top 20 instructors for AICPA nationwide. Since 2011, Bob also has served as a senior instructor for IASeminars of London, England, teaching international CPE courses for CPAs, Chartered Accountants, and financial officers in London, Geneva, and Toronto. Bob has authored four multi-day CPE courses for IASeminars, including Detecting and Investigating Financial Statement Fraud, SEC Reporting for International Companies, and Management’s Discussion and Analysis. Bob has been a practicing securities attorney for over 30 years, specializing in capital market transactions including IPOs, follow-on offerings, and M&A. Recently his practice has expanded to include representation of whistleblowers in referrals to the Securities and Exchange Commission, and he now represents whistleblowers in five separate SEC actions. Bob has authored six books on business law, ethics, and governance published by AICPA, CCH, and Barron’s Business Library; multiple articles for Washington Lawyer and the Colorado Lawyer; and numerous articles for state CPA societies, including the AKCPA. Bob served as a member of the Standing Advisory Group to the PCAOB in the first two years following its formation. He received his J.D. degree from the Duke University School of Law and his B.S. degree in business from Colorado State University.

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Website registration for this course closes on August 3, 2016. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls (CL4PCD)

August 10, 2016 / Afternoon Session

Alaska Society of CPAs Office
2600 Cordova Street, Suite 211 Anchorage, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

Purchasing and cash disbursements are common targets for fraud in any entitys 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 course also emphasizes smaller businesses and not-for-profit entities in addition 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.

Major Topics:
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.

Designed For: Auditors, practitioners, and all levels of CPA professionals

CPE Credits: 4, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: None

Acronym: CL4PCD

Discussion Leader: Bob Walter