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23WA-3654: Inventory, Expense and Payroll Fraud (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Thursday, September 21, 2023
9:00am - 10:50am Central Time
2 CPE (2 technical)

Inventory is a wonderful place to both hide fraud and commit fraud. The reasons that inventory is subject to so much fraud is the it is often very large, spread out over a large area, and many people have access to it. When there are little or no internal controls related to inventory control, you are begging employees to steal it. No with so many ways to dispose of stolen inventory via the internet, i.e., EBAY, inventory fraud is much more appealing to a lot of individuals. The more common ways to commit expense fraud and how to cover it up will also be discussed. Travel and entertainment are some of the favorite areas of committing expense fraud. In addition, payroll fraud will be discussed. Although there are many ways to commit payroll fraud, it is very easy to prevent. This presentation is designed to familiarize the participants with the many ways to commit inventory, expense and payroll fraud, how to detect it, and more importantly, how to prevent it.

Major subjects

  • Methods of committing inventory, expense and payroll fraud
  • What to look for when observing inventory
  • Detection of inventory fraud
  • How to recognize fictitious expenses
  • How to recognize altered expenses
  • Indicators of fake documentation
  • The three main reason we ask for documentation
  • Detection and prevention of ghost employees

Learning objective(s)

  • Identify the areas of opportunity to commit inventory, expense and payroll fraud
  • Analyze the opportunities to commit inventory, expense and payroll fraud
  • Develop audit procedures to detect inventory, expense and payroll fraud
  • Implement internal controls in these areas

Who should take this program?

External and internal auditors, fraud examiners

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Instructor Dennis Dycus, CPA, CFE, CGFM
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.