ACPEN: K2’s Small Business Internal Controls, Security, And Fraud Prevention And Detection

Overview

In today's fast-paced business environment, internal controls are more crucial than ever, especially for small organizations. However, many small businesses face significant challenges in implementing effective internal control structures. Our comprehensive program is designed to help you evaluate, develop, and implement a robust internal control system tailored to the unique needs of small businesses.

Join us to learn how to assess risks and implement preventive, detective, deterrent, and compensating controls to mitigate these risks, even in the absence of proper segregation of duties. Our program also covers technology-focused techniques for preventing and detecting fraud, securing information systems, and protecting sensitive data.

Don't let the complexities of internal controls overwhelm you. Our expert-led sessions will provide you with the insights and tools necessary to design, implement, and monitor effective internal controls, security measures, and anti-fraud strategies. Ensure your small business is safeguarded against risks and positioned for success.

Highlights

Common challenges associated with implementing appropriate internal controls in small business environment
Fraud in small business environments
Internal control options in small business accounting software
Understanding the need for application controls and general controls

Prerequisites

Basic understanding of internal controls, along with accounting and administrative processes in smaller organizations

Designed For

Business professionals responsible for internal control and fraud prevention, and detection

Objectives

Identify examples of internal control fundamentals, including definitions and concepts, types of internal control activities, and the need for internal controls
Differentiate between common small business control deficiencies and issues, including concentration of ownership and inadequate segregation of duties, and list five key risk areas for small businesses
Identify the common types of fraud schemes occurring in small businesses and implement internal control measures to reduce the threat of becoming a victim
Distinguish the objectives and common deficiencies of small business accounting systems
Identify the purpose of general controls and list examples of typical control techniques in small businesses
Use technology tools to prevent and detect occupational fraud
Compare opportunities to enhance security over information systems and sensitive data