Frauds come in a wide variety of shapes and sizes. The largest fraud schemes often involve fraudulent financial reporting and among the most common is the fraudulent reporting of revenues. While often lesser in amount, the majority of fraud incidents involve the misappropriation of assets, and cash is the most frequently stolen asset. This course is designed to help you understand the characteristics of effective internal controls in relation to revenue, accounts receivable and cash receipts. You will learn which fraud is most often committed in relation to these items, the types of controls that may be effective for prevention, and the signs that would indicate that they occurred, enabling detection. In addition, you will review the process for understanding and documenting existing controls related to revenues, accounts receivable and cash receipts, how to identify weaknesses, and how to develop internal controls that may mitigate those weaknesses.