Effective Internal Controls for Small Businesses (ICMC)

Customer Rating

Rated 5 out of 5

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

year	2022
version	01
Credits	2
Company Code	Self Study
Format	On Demand
Yellow Book Approved	0
CFP Approved	0
IRS Approved	0
CTEC Approved	0
Field of Study Credits	Auditing (2)
Field of Study Department	Auditing
Course Version	2022-01
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