Accounting and Taxation Training CDs for Every Finance Professionals

ComplianceOnline has created these trainings individually through world renowned experts and combined together to create a comprehensive course for companies to train their employees. You can store it as a library material and train all your employees in these compliance issues to get them ready for facing any kinds of compliance challenges and overcome it through expert advice and best practices.

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All Modules:

Module 1: The Evolving Role of Internal Audit
Module 2: Procure to Pay (P2P) Metrics and Dashboards
Module 3: International Credit and Debt Collection Challenges
Module 4: Full-day Virtual Seminar: Critical Factors and Complexities in Payroll 201
Module 5: Standby Letters of Credit (for Credit Managers)
Module 6: Accounts Payable Fraud - Detecting and Preventing AP Fraud
Module 7: Employee Fraud Detection and Prevention
Module 8: Employee Expense Reimbursement Fraud: Detection, Prevention and Deterrence

Module 1 : The Evolving Role of Internal Audit
Instructor: Paul Gostelow

Areas Covered in the Webinar:

• What is Internal Audit?
• Legal and regulatory background.
• Traditional view of Internal Audit.
• Evolving role of Internal Audit.
• Relationship with top management.
• Role of Audit Committee.
• High Value Internal Audits, Social Media, Governance, Risk Management.
• Sarbanes Oxley and the Internal Auditor.

Module 2 : Procure to Pay (P2P) Metrics and Dashboards
Instructor: Chris Doxey

Areas Covered in the Webinar:

• The Power of Dashboards and Metrics
• The Balanced Scorecard
• Identifying  Objectives for the Procure to Pay (P2P)Process
• Dividing the P2P into Measurable Functions
• Defining Metrics for P2P Dashboard (The Four Foundational Groups)
  • Cost Saving and Value
  • Transactional Quality
  • Customer Service
  • Controllership
• Using Metrics as a Benchmarking Tool
• Using Metrics to Identify Cost Savings
• Establishing Service Level Agreements
• Implementation Guidance
• Recap

Module 3 : International Credit and Debt Collection Challenges
Instructor: Steven Gan

Areas Covered in the Webinar:

• Review of the international credit risk management goals and requirements.
  • The Credit Application.
  • Credit information resources.
• The International Collection Associations.
• Finding, evaluating and using overseas collection agency.
• Case Studies.

Module 4 : Full-day Virtual Seminar: Critical Factors and Complexities in Payroll 201
Instructor: Vicki M. Lambert

Areas Covered in the Webinar:

• How to pay white collar exempt employees properly using the salary basis rule?
• How to dock a salaried employee correctly under the FLSA?
• How to handle FMLA leave and an exempt employee's salary?
• Travel pay—when is it time worked.
• How vacation, sick pay or holidays affect overtime and hours worked?
• Does an employee who is paid on a fluctuating workweek basis need to be paid overtime.
• Calculating weighted averages for multiple hourly rates when an employee works overtime.
• Proper taxation of fringe benefits including: personal use of a company car or aircraft; auto allowances; moving expenses; third party sick pay; meals and lodging; memberships; stipends; gift cards; and cell phones.
• Using the special accounting rule for fringe benefits correctly.
• Proper taxation of multistate employees.
• Taxation and reporting of tips.
• Handling expatriates, resident and nonresident aliens correctly for taxes.
• Identifying and reporting abandoned wages.
• Proper handling under the IRC of overpayment of wages.
• Reconciling the payroll each quarter and at year end to ensure accurate reporting to the IRS.
• Completing and correcting Forms 940, 941, and W-2.

Module 5: Standby Letters of Credit (for Credit Managers)
Instructor: Walter (Buddy) Baker

Areas Covered in the Webinar:

• Mechanics and Principles of Letters of Credit
• Confirmed Letters of Credit
• What Is a Standby Letter of Credit?
• Uses for Standby L/Cs
• Competing Rules Governing Standby L/Cs: Which to Use
• Things That Go Wrong and How to Avoid Them
• Tips for Using Standby L/Cs Better

Module 6 : Accounts Payable Fraud - Detecting and Preventing AP Fraud
Instructor: Peter Goldmann

Areas Covered in the Webinar:

INTRODUCTION

• Statistical overview of the fraud problem
• Who commits fraud
• Why employees commit fraud (The Fraud Triangle)
• Lessons from fraudsters

COMMON TYPES OF AP FRAUD TODAY

• Vendor/billing fraud schemes
• Check fraud and tampering
• ACH fraud
• Fraudulent AP financial reporting
• Kickbacks/bribery
• Conflicts of interest
• P-Card fraud

RED FLAGS OF AP FRAUD

• Conducting a Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud
• The Fraud Risk Mitigation Cycle
• Implementing an organization-wide system for detecting, preventing and investigating fraud

FRAUD DETECTION

• How Frauds Are Most Often Detected
• Additional General Detection Methods
• Data Mining/Analytics  for fraud detection
• Examples of Fraud Audit Techniques at Work

ANTI-FRAUD CONTROLS FOR AP

• Internal Controls and Other Fraud Prevention Measures:
• Who Should Manage Anti Fraud Activities for AP
• Internal Controls: Do's and Don'ts
• General controls: Segregation of Duties, Delegation of Authority, Background Investigation
• Specific AP Operations-Level Controls.

Module 7 : Employee Fraud Detection and Prevention
Instructor: Peter Goldmann

Areas Covered in the Webinar:

• Introduction - Cybercrime statistics, The Fraud Triangle and risk factors.
• Common types of information security fraud/ cyber fraud today (includes a case-study discussion of industrial espionage).
• Red flags of AP fraud.
• Fraud detection - building a risk profile, detection practices and technology/software.
• Anti-cybercrime controls - internal controls, general and specific controls.

Module 8 : Employee Expense Reimbursement Fraud: Detection, Prevention and Deterrence
Instructor: Peter Goldmann

Areas Covered in the Webinar:

INTRODUCTION

• Statistical overview of the fraud problem generally, and T&E fraud specifically.
• Who commits fraud.
• Why employees commit fraud (The Fraud Triangle).
• Lessons from T&E fraudsters.

COMMON TYPES OF EXPENSE REIMBURSEMENT FRAUD TODAY

• Falsifying T&E reimbursement schemes w/ bogus receipts.
• Submitting T&E claims multiple times.
• Abuse of corporate/P-card for personal gain.
• Claiming for expenses just under the limit requiring approval.
• Purchasing more than needed (e.g. office supplies).
• Exploiting AP/Disbursements control weaknesses.
• P-Card fraud.

RED FLAGS OF AP FRAUD

• Specific red flags of each of the common expense reimbursement frauds.
• The Fraud Risk Mitigation Cycle.
• Implementing an organization-wide system for detecting, preventing and investigating fraud.

FRAUD DETECTION

• How T&E Frauds Are Most Often Detected.
• Additional General Detection Methods.
• Data Mining/Analytics  for fraud detection.
• Examples of Fraud Audit Techniques at Work.

ANTI-FRAUD CONTROLS FOR EXPENSE REIMBURSEMENT FRAUD

• Internal Controls and Other T&E Fraud Prevention Measures:
• Who Should Manage Anti Fraud Activities.
• Internal Controls: Do's and Dont's.
• General controls: Segregation of Duties, Delegation of Authority, Background Investigation.
• Specific Expense reimbursement controls and deterrents.

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