Revenue and Cash Receipts: Common Frauds and Internal Controls

Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well-publicized fraud in these areas in larger companies, it also occurs, and can even be more likely to occur, in smaller businesses and not-for-profit entities. A sound system of internal control is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. It is crucial that an internal control system is tailored to the unique needs of each organization with a dedicated focus on areas posing the greatest risk; this course is designed to help you to do this.


When you complete this course you will be able to:

 Identify common frauds in the revenue and cash receipts processes.

 Identify internal controls that mitigate various risks.

 Recall an analysis process to improve efficient and effective risk management in your organization.


 Traditional revenue system

 Retail revenue cycle

 Manufacturing revenue cycle

 Service revenue cycle

 Accounts receivable and billing

 Cash receipts

 Revenue frauds and fraudulent financial reporting

Additional Information

Designed For

Auditors, practitioners, and all levels of CPA professionals.


American Institute of CPAs


4.00 Auditing



Course Number


Level of Knowledge


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