Purchasing and cash disbursements are common targets for fraud in any
entity’s 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. Topics Discussed: 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