Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

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Format: Webcast

Date/time: 23 August 2017, 6pm – 10 pm (BST)

Add to Calendar 23/08/2017 06:00 PM 23/08/2017 10:00 PM Operational Exam entry opening dates CIMADD/MM/YYYY


Purchasing and cash disbursements are common targets for fraud in any entity's environment. Today, many practitioners, auditors and management in industry are aware of the critical risks associated with inadequate internal controls, but may be uncertain whether existing controls in their organisations are adequate.

This four-hour webcast explores common frauds and internal controls over the purchasing and cash disbursement cycle.

It also emphasises smaller businesses and not-for-profit entities where cost/benefit analysis is extremely important and fraud is more likely to occur. You will learn how to analyse existing controls and consider or implement new controls to more effectively and efficiently address the needs of your organisation.

Learning outcomes: 

  • Identify common frauds in the purchasing and cash disbursement processes
  • Recognise internal controls to mitigate various risks
  • Recall an analysis process to improve efficient and effective risk management in your organisation

Topics discussed: 

  • The acquisitions cycle: ordering, receiving, and warehousing
  • Cash disbursements cycle
  • Payroll and expense reimbursement frauds
  • External auditing and forensic investigations: conceptual and procedural differences
  • Controls and design

Estimated duration: 4 hours
Field of study: Auditing
Program level: Basic
Prerequisites: None
Advance preparation: None
Designed for: Financial professionals responsible for preventing, detecting, & dealing with fraud or involved with purchasing and cash disbursements

Instructor:  Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP 

Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the AICPA’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialised Accreditation Board. 

Dr. Helms has presented more than 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published more than 60 articles in a wide range of practitioner and academic journals. His books address security, controls and fraud in a variety of environments.

Dr. Helms is a multiple year recipient of the Don Farmer Award, and the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented.  He has received similar awards from state societies and universities.

All learning resources available in the CGMA Store qualify for CPD for CIMA members. This course also offers 4 hours of CPE credit.

Access: Recording available for 90 days from air date

Note on CPE Requirements and Credits

System requirements

Member Price: £129.00

Non-Member Price: £159.00