Purchasing and cash disbursements are common targets for fraud in any
entity’s environment. While business owners and managers are aware that
internal controls seem to be very important, they often don’t know
whether the entity’s system is adequate. While accountants instinctively
know that internal controls are important and necessary, it is sometimes
difficult to effectively communicate this with business owners. It is
important to focus on common frauds and internal controls over the
purchasing and cash disbursement processes. This course teaches you to
hone in on smaller businesses and not-for-profit entities where
cost/benefit analysis is extremely important and fraud is more likely to
occur. Learn how to efficiently analyze controls to ensure you’re
getting the “biggest bang for your buck” when considering a control to
implement and/or test.