Small-Business Internal Control, Security and Fraud Prevention and Detection Webcast | 4181294E

Date :
December 10, 2018 6:00 AM - 1:30 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Intermediate
Member Price :
275.00
Nonmember Price :
375.00
CPE Credits :
CPE 8.00, AA 8.00, FR 4.00
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Learn how to evaluate, develop and implement an effective internal control structure in a small-business environment.

Identify how to assess risk in smaller organizations and how to implement preventive, detective, deterrent and compensating controls to mitigate these risks, even in the absence of proper segregation of duties.

Additionally, learn technology-focused techniques for preventing and detecting fraud, as well as securing information systems and sensitive data, and benefit from case studies using leading small-business accounting software programs.

Materials are provided as an ebook.

Objectives:

  • Identify internal control fundamentals: Definitions and concepts; types of internal control activities; and the need for internal controls.
  • Identify common small-business control deficiencies and issues.
  • Determine five key risk areas for small businesses.
  • Recognize common types of small-business fraud schemes and how to redo the threat.
  • Identify relevant internal control procedures over revenues, cash, purchasing, payables, payroll, inventory and fixed assets in small businesses.
  • Identify alternative control procedures and describe their significance in small businesses.

Major Subjects:

  • Internal control fundamentals
  • Fraud in America today
  • General controls and security measures
  • Desktop tools for preventing and detecting fraud
  • Internal control opportunities in small-business accounting software

Advanced Prep:

None.

Misc. Information:

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Level of Difficulty:
Intermediate
Field of Interest:
Auditing
Prerequisites:

Basic understanding of internal controls and accounting and administrative processes in smaller organizations.

Designed For:

Financial and business professionals.

Instructors

Thomas G. Stephens, Jr, CGMA, CITP, CPA

Thomas G. Stephens, Jr. received a bachelor of business administration (accounting) from Auburn University in 1985. Upon graduation, Stephens began working for an Atlanta-based public accounting firm. After earning his designation as a CPA, Stephens worked for BellSouth Corporation in Atlanta as an internal auditor. After two years as an auditor, he was promoted to staff manager and then operations manager of the internal audit group. In 1991, he transferred to the comptrollers’ department of BellSouth and served as manager of the cost accounting organization. While working full-time at BellSouth Corporation, Stephens also attended graduate school, earning a master’s degree in finance from Georgia State University in 1992.

Stephens left BellSouth in 1994 and opened his public accounting practice in the metropolitan Atlanta area. In his practice, Stephens provided accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses. As part of his practice, he developed a successful consulting practice providing installation and support services of small business accounting software. Additionally, he began authoring and presenting continuing professional education (CPE) courses to accounting and finance professionals. In 2003, Stephens affiliated with K2 Enterprises and in 2007 he joined the firm as a partner. To date, he has lectured nationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past 19 years, Stephens has presented in excess of 1,800 educational sessions to over 55,000 participants nationwide.

Stephens resides in Woodstock, Georgia where, in addition to his association with K2 Enterprises, he provides consulting services to small businesses and CPA firms. In addition to an active professional career, he enjoys an active personal life as well. His hobbies include snow skiing, fishing, and running. Additionally, he maintains professional memberships with the AICPA and the Georgia Society of Certified Public Accountants, and is a past member of the Institute of Internal Auditors.

No Agenda or Materials posted.