CPE Credits: 8

Learning Objective 1: Cite internal control fundamentals, including Definitions and Concepts, Types of Internal Control Activities, and the Need for Internal Controls

Learning Objective 2: Recognize common business control deficiencies and issues, including Concentration of Ownership, Inadequate Segregation of Duties, and Lack of Formal Accounting Education by Owners and Employees, and list five key risk areas for small businesses

Learning Objective 3: Describe the purpose of general controls and list examples of common general controls in small businesses

Learning Objective 4: Recognize key internal control procedures over purchasing, payables, and payroll in small businesses

Learning Objective 5: Identify relevant internal control procedures over inventory, production, and fixed assets in small businesses

Field of Study 1: Accounting and Auditing- 8

Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate

Prerequisites: None

Advanced Preparation: None

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Course Developer: K2

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

The current internal control structure of many businesses fosters an environment in which too much risk is presentThis, coupled with the presence of computerized accounting software, can often lead to disastrous results for small business owners and managersThis course assists accountants in evaluating, developing, and implementing an effective internal control structure in a small business environmentThe panelist for this seminar have considerable background in Accounting and Computer Forensics and have been respected contributors to a number of national fraud seminarsThis seminar provides solid, down to earth, advice on creating effective internal control procedures, identifying objectives, classifying internal control types, and how to monitor and enforce controls once they are established.