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Live Webcast Replay

K2's 2023 Small Business Internal Controls, Security, and Fraud Prevention and Detection

Total Credits: 8 including 8 Auditing- Technical

Average Rating:
ACPEN Industry Institute |  Technology |  Accounting and Auditing
Thomas G. Stephens Jr., CPA.CITP, CGMA
Course Levels:
8 Hours
Product Setting: Expires 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 daily. However, internal controls present a challenge for many smaller organizations. This program will teach you 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 implement preventive, detective, deterrent, and compensating controls to mitigate these risks, even without proper segregation of duties. Additionally, participating in this program will teach you technology-focused techniques for preventing and detecting fraud and securing information systems and sensitive data. For small organizations, maintaining an effective system of internal controls presents a significant challenge. Realistically, implementing many theoretical concepts surrounding internal controls may not be possible in some cases. Consequently, many internal control structures foster an environment where too much risk exists. This factor and uncontrolled information systems 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
  • 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 businesses 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 typical control techniques in small businesses
  • Implement technology tools to prevent and detect occupational fraud
  • List opportunities to enhance security over information systems and sensitive data

Major Subjects
  • Common challenges associated with implementing appropriate internal controls in small business environments
  • Fraud in small business environments
  • Internal control options in small business accounting software
  • Understanding the need for application controls and general controls

Course Materials


Thomas G. Stephens Jr., CPA.CITP, CGMA's Profile

Thomas G. Stephens Jr., CPA.CITP, CGMA Related Seminars and Products


K2 Enterprises

Tommy Stephens received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. In 1992, he earned a Master of Science degree (Major in Finance) from Georgia State University in Atlanta. Presently, Tommy is a Certified Public Accountant, a Certified Information Technology Professional, and a Chartered Global Management Accountant.

During his professional career, Tommy has gained valuable experience in a variety of positions, including:

  • Working as an auditor and technology consultant for an Atlanta-based public accounting firm;
  • Leading an Internal Audit staff and managing a Cost Accounting team for a Fortune 500 company;
  • Serving as a Chief Financial Officer for an international engineering organization; and
  • Founding and managing his public accounting firm that provides accounting, tax, and consulting services to individuals and a variety of small and emerging businesses.

In 1995, Tommy began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, he affiliated with K2 Enterprises, and in 2007, he joined the firm as a partner. To date, he has lectured internationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past twenty-five years, Tommy has presented over 2,700 educational sessions to over 70,000 participants throughout the United States and Canada.

Presently, Tommy resides in Woodstock, Georgia, where he enjoys an active personal life with his wife. His hobbies include snow skiing, fishing, running, and other outdoor activities. Tommy maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants. Additionally, he is a past member of the Institute of Internal Auditors.


Wed, Aug 07, 2024 - 01:00pm to 08:38pm EDT
Sat, Aug 24, 2024 - 03:00pm to 10:38pm EDT
Thu, Sep 05, 2024 - 07:00pm to Fri, Sep 06, 2024 - 02:38am EDT
Tue, Sep 17, 2024 - 09:00am to 04:38pm EDT
Tue, Oct 01, 2024 - 11:00am to 06:38pm EDT
Wed, Oct 16, 2024 - 01:00pm to 08:38pm EDT
Fri, Nov 15, 2024 - 03:00pm to 10:38pm EST
Wed, Nov 27, 2024 - 05:00pm to Thu, Nov 28, 2024 - 12:38am EST
Wed, Dec 04, 2024 - 09:00am to 04:38pm EST
Fri, Dec 13, 2024 - 11:00am to 06:38pm EST
Mon, Dec 23, 2024 - 01:00pm to 08:38pm EST
Sat, Dec 28, 2024 - 03:00pm to 10:38pm EST
Wed, Jan 08, 2025 - 05:00pm to Thu, Jan 09, 2025 - 12:38am EST
Tue, Jan 21, 2025 - 07:00pm to Wed, Jan 22, 2025 - 02:38am EST
Tue, Feb 04, 2025 - 11:00am to 06:38pm EST
Sat, Feb 22, 2025 - 01:00pm to 08:38pm EST
Thu, Mar 06, 2025 - 03:00pm to 10:38pm EST
Fri, Mar 21, 2025 - 05:00pm to Sat, Mar 22, 2025 - 12:38am EDT
Sat, Apr 12, 2025 - 09:00am to 04:38pm EDT
Tue, Apr 29, 2025 - 07:00pm to Wed, Apr 30, 2025 - 02:38am EDT
Fri, May 02, 2025 - 01:00pm to 08:38pm EDT
Mon, May 19, 2025 - 03:00pm to 10:38pm EDT

Additional Info

Basic Course Information

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

Original Recording Date 2023
Course Developer K2 Enterprises
Date Added to Catalog


Yellow Book No

Additional Information

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:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

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. 



Overall:      4.7

Total Reviews: 38


Sheila G - Gainesville, Florida

"I am a retired auditor from Florida Auditor General's office. Very good information. General concepts and specific controls to show what a company can obtain and do. "

Ronald M

"Great job by Tommy."

Edward J - Monroe, Louisiana

"Great Job by Tom"

Staub J

"Very Dynamic Speaker. I would take another course from this presenter."