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Effective Internal Controls for Small Businesses (ICMC)

Customer Rating
Field of Study
Auditing
Level
Basic
Credits
2
Qualifies For
CPE



Price:  $19.99
There are internal control fundamentals that are appropriate for small businesses. This course discusses fundamental operational and accounting controls and also reviews the optimal company culture for an effective internal control environment.

Additional information

Credits

2

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Auditing (Technical) (2)

Field of Study Department

Auditing (Technical)

Course Version

2019-01

CPE Approved

1

Pre-requistes:

None

Knowledge Level:

Basic

Major Topics:

  • Fundamental Operational Controls
  • Segregation of Duties
  • Cash Disbursements
  • Cash Receipts
  • Accounts Receivable
  • Accounts Payable
  • Inventory
  • Fundamental Accounting Controls
  • Fundamental Internal Control Environment
  • Case Study – Koss Corporation
  • Controls over Information Technology
  • HR Procedures
  • Risk Assessment

Learning 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

Designed For:

All CPAs
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