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K2’s Small Business Internal Controls, Security, and Fraud Prevention and Detection

Total Credits: 8 including 8 Auditing- Technical

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ACPEN Industry Institute |  Industry |  Accounting and Auditing
K2 Enterprises
Course Levels:
8 hours
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.




Internal controls are more important than ever, and their importance increases seemingly on a daily basis. However, internal controls present a challenge for many smaller organizations. In this program, you will learn how to evaluate, develop, and implement an effective internal control structure in a small business environment. You will identify how to assess risk in smaller organizations and how to implement preventive, detective, deterrent, and compensating controls to mitigate these risks, even in the absence of proper segregation of duties. Additionally, by participating in this program, you will learn technology-focused techniques for preventing and detecting fraud as well as securing information systems and sensitive data. As a participant, you will benefit from the case studies used in class in which theoretical concepts are implemented and demonstrated in leading small business accounting software programs, such as QuickBooks and QuickBooks Online, Sage 50/Peachtree, Microsoft Dynamics GP, and Sage 100.


For small organizations, maintaining an effective system of internal controls presents a significant challenge. Implementing many of the theoretical concepts surrounding internal controls – such as segregation of duties – may not be practical or even possible in some cases. Consequently, the current internal control structure of many small businesses fosters an environment in which too much risk is present. This, coupled with the presence of uncontrolled information systems and computerized accounting software, can often lead to disastrous results. Participate in this program to learn the necessary insights and tools to design, implement, and monitor effective internal controls, security, and anti-fraud measures in small organizations.


Basic Course Information

Learning Objectives

Upon completing this course, you should be able to:

  • Cite internal control fundamentals, including definitions and concepts, types of internal control activities, and the need for internal controls

  • Identify common small business control deficiencies and issues, including concentration of ownership and inadequate segregation of duties, and list five key risk areas for small businesses

  • Recognize the common types of fraud schemes occurring in small business and implement internal control measures to reduce the threat of becoming a victim

  • List the objectives and common deficiencies of small business accounting systems

  • Define the purpose of general controls and list examples of common general controls in small businesses

  • Identify relevant internal control procedures over revenues, cash, purchasing, payables, payroll, inventory, and fixed assets in small businesses

  • Implement technology tools to prevent and detect occupational fraud

  • List opportunities to enhance security over information systems and sensitive data

  • Define alternative control procedures and describe their significance in small businesses

Major Subjects
  • Auditing
  • Fraud Prevention
  • Internal Controls

Course Materials


Tue, Nov 03, 2020 - 09:00am to 04:44pm CST
Tue, Nov 10, 2020 - 01:00pm to 08:44pm CST
Tue, Dec 01, 2020 - 07:30am to 03:14pm CST
Thu, Dec 10, 2020 - 11:00am to 06:44pm CST
Mon, Jan 04, 2021 - 09:30am to 05:14pm CST
Tue, Jan 05, 2021 - 01:00pm to 08:44pm CST
Mon, Feb 01, 2021 - 09:00am to 04:44pm CST
Sat, Feb 06, 2021 - 12:00am to 07:44am CST
Mon, Mar 01, 2021 - 10:00am to 05:44pm CST
Sat, Mar 06, 2021 - 08:00am to 03:44pm CST
Thu, Apr 01, 2021 - 09:00am to 04:44pm CDT
Tue, Apr 06, 2021 - 12:00pm to 07:44pm CDT
Sat, May 01, 2021 - 09:00am to 04:44pm CDT
Thu, May 06, 2021 - 01:00pm to 08:44pm CDT
Tue, Jun 01, 2021 - 09:00am to 04:44pm CDT
Tue, Jun 08, 2021 - 01:00pm to 08:44pm CDT
Thu, Jul 01, 2021 - 10:00am to 05:44pm CDT
Tue, Jul 06, 2021 - 09:00am to 04:44pm CDT
Wed, Aug 04, 2021 - 10:00am to 05:44pm CDT
Sat, Aug 07, 2021 - 08:00am to 03:44pm CDT
Wed, Sep 01, 2021 - 07:30am to 03:14pm CDT
Thu, Sep 09, 2021 - 11:00am to 06:44pm CDT
Fri, Oct 01, 2021 - 09:00am to 04:44pm CDT
Wed, Oct 06, 2021 - 07:30am to 03:14pm CDT
Mon, Nov 01, 2021 - 09:00am to 04:44pm CDT
Sat, Nov 06, 2021 - 10:00am to 05:44pm CDT
Wed, Dec 01, 2021 - 09:00am to 04:44pm CST
Thu, Dec 16, 2021 - 11:00am to 06:44pm CST

Additional Info

Basic Course Information

Original Recording Date 2020
Date Added to Catalog 8/19/2020
Prerequisites Basic understanding of internal controls and accounting and administrative processes in smaller organizations
Advanced Preparation None
Designed For Business professionals responsible for internal control and fraud prevention and detection
Course Developer K2 Enterprises
Yellow Book No

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints., (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 submitted to the National Registry of CPE Sponsors through its website:
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration


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