Overview
Internal
controls are more important than ever, and their importance increases daily.
However, internal controls present a challenge for many smaller organizations.
This program will teach you how to evaluate, develop, and implement an effective
internal control structure in a small business environment. You will identify
how to assess risk in smaller organizations and implement preventive, detective,
deterrent, and compensating controls to mitigate these risks, even without
proper segregation of duties. Additionally, participating in this program will
teach you technology-focused techniques for preventing and detecting fraud and
securing information systems and sensitive data.
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.
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
This
course is designed for Business professionals responsible for internal control
and fraud prevention and detection.