AICPA
1 total work
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.
Topics discussed include:
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
Topics discussed include:
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