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Author: |
Patricia McCarthy, MBA |
Course Length: |
Pages: 3 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$29.95 |
Passing Score: |
70% |
Course Type: |
Video |
Technical Designation: |
Technical |
Field Of Study: |
Auditing |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course examines eight real life employee theft cases to demonstrate the importance of internal controls and management oversight in fraud prevention.
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Frequently Asked Questions: |
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Description: |
This course discusses eight employee theft cases to demonstrate the importance of internal controls and management oversight in the prevention of employee theft. Some of the companies are large and some are small. Some are examined in detail while others are overviewed. Companies discussed: Sandhog Union, United Probation Officers Association, Ayer Family Trust, Craig Brothers Plumbing and Heating, Pet First Healthcare, Standford Financial Group, Woodruff Arts Center and Fry’s Electronics. Understanding the motivations and conditions that foster fraudulent behavior is essential for developing effective prevention strategies. A recurring theme in each of these cases is a lack of appropriate internal controls and a lack of management oversight. |
Usage Rank: |
51333 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Internal Controls: Definition, Types, and Importance
Internal: Often‑Overlooked Internal Control Breakdowns in Accounts Payable (Course Id 902)
Internal: Audit Red Flags | Financial, Behavioral, Control
External: IRS Internal Control Review Program
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
30-May-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: |
Trust is NOT an Internal Control (Video) - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives After completing this course, you will be able to:
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Course Contents: |
Chapter 1 - Trust is NOT an Internal Control Chapter 1 Review Questions Glossary |
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