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Often-Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them (Course Id 902)

Updated / QAS / Registry
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Author:

Mary S Schaeffer, MBA

Course Length:

Pages: 10 ||| Word Count: 5798 ||| Review Questions: 3 ||| Final Exam Questions: 5

CPE Credits:

1.0

IRS Credits:

0

Price:

$12.95

Passing Score:

70%

Course Type:

Text
Often-Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Auditing

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This course identifies often overlooked internal control breakdowns within the accounts payable function that can expose an organization to fraud.

  • Pinpoints reasons internal controls fail, particularly in the accounts payable function.
  • Identifies specific problems in the payment and accounts payable processes.
  • Satisfies the California Board of Accountancy fraud CPE requirement through its coverage of accounts payable control breakdowns.
  • Worth 1.0 CPE credit in Auditing as a self study text course on internal control breakdowns in accounts payable, requiring a 5 question final exam preceded by 3 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

Often Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them pinpoints the reasons internal controls fail and how to address them.

This course identifies control problems in the payment process and the accounts payable process.

Often Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them detects common control issues around personnel.

Often Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them is a Technical self study text course worth 1.0 CPE credit, with a 5 question final exam preceded by 3 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Yes, Often Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them provides one hour of CPE credit in fraud prevention, detection, or reporting, which counts toward the four hour fraud CPE requirement imposed by the California Board of Accountancy (http://www.dca.ca.gov/cba) on CPAs subject to the accounting and auditing, governmental auditing, or preparation engagement CE requirement.

Description:

Strong internal controls are a good part of the fraud prevention framework any organization creates for the purposes of thwarting crooks. However, there are many places these controls fall down, and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow criminals easy access to the organization’s financial assets. This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them.  The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

Please Note: These Fraud CPE credits satisfy the California Board of Accountancy (CBA) fraud requirement.

Usage Rank:

20714

Release:

2015

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

24-Nov-2025

NASBA Course Declaration:

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Keywords:

Often-Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them - CPE course for CPAs

Learning Objectives:

Course Learning Objectives

  • Pinpoint the reasons internal controls fail and address them
  • Identify the control problems in the payment process
  • Spot the control problems in the AP process
  • Detect common control issues around personnel

Course Contents:

Chapter 1 - Often-Overlooked Internal Control Breakdowns in Accounts Payable and How to Deal with Them

Chapter 1 Review Questions

Glossary

Click to go to: CPA Fraud CPE Courses | Forensic Accounting CPE Courses
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