Course ID: WNKIC

What you Need to Know About Cannabis Companies and Testing Internal Controls

Effective internal controls provide reasonable assurance regarding the reliability of financial reporting – if a material weakness exists the auditor may not be able to rely on the financial information provided.

Learning Objectives

Upon completion of this course participants will be able to:

  • Indicate an understanding of why establishing and maintenance of internal controls is of particular importance to Cannabis Companies
  • Recognize how cash and inventory controls over cannabis will protect the business
  • Recall how fraud risk can be mitigated by the implementation of controls

Major Topics
  • Unique Internal Controls in Cannabis Companies
  • Key steps in evaluating internal controls
  • Missteps in evaluating internal controls
  • Best practices in applying internal controls in Cannabis Companies

Who Should Attend

Practitioners who perform audit engagements or advisory services for Cannabis Companies would benefit from this course.

Fields of Study



Business Learning Institute

CPE Credits


This course is available for your group as:


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