Effective Internal Controls for Small Businesses ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
One of the biggest challenges many small businesses face is how to segregate duties to reduce the risk of fraud. Proper internal controls are key as well as the implementation of management oversight to ensure that appropriate controls are in place and performed. This course discusses the fundamental operational and accounting controls unique to small businesses and also reviews the optimal company culture for an effective internal control environment. Learn how to segregate duties and implement mitigating controls to help detect and reduce the risk of fraud.
Highlights
Effective internal controls for small businesses.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Identify and define appropriate internal controls for a small business entity. Define ways to overcome lack of segregation of duties. Associate certain internal controls with the prevention or detection of fraud. Identify where multiple approval levels may be appropriate in the cash disbursement process.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Joseph Helstrom, Western CPE
Joseph Helstrom, CPA, is a partner at CFO Resources, LLC, a company focused on training and courseware for CPAs. He’s also the owner of Mill Creek Publishing LLC. Joe has over 30 years of experience as a CPA in both public accounting and industry, with extensive experience in financial reporting and analysis, treasury, tax, information technology, legal and regulatory matters, and strategic planning.
After graduation from Butler University with a degree in accounting, Joe got his start at Ernst & Young. Subsequent to that, he has served for several different companies as a chief financial officer; director of treasury and tax; controller; and manager of financial planning, reporting, and analysis.
Joe and his wife, Patricia McCarthy, produce self-study courses for Western CPE and have published articles in Missouri and Texas CPA society publications titled “Incorporating Excel Arrays into Your Audit Plan.”
Non-Member Price $67.00
Member Price $58.00