All businesses need cash to survive. Proper controls in the receipt of cash are extremely important as this is the primary way that most companies generate cash. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process. The course allows participants to become familiar with, or brush up on, internal control definitions and concepts. The course covers the cash receipts process in detail
Learning Objectives
Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal control systems.
Properly identify risk categories including internal and external risk in addition to inherent and residual risk.
Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls.
To complete this course participants need to: View the video and complete an assessment exam with a minimum passing grade of 70% or higher.
Upon course completion a course evaluation form is provided for your feedback.
You have 1 year from the time of purchase/enrollment to complete the course.
Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/