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Instructor
Keely Gohl
Instructor
Keely Gohl CPA, CGMA
Keely Gohl obtained her Bachelor’s and Master’s Degrees in Accountancy from the University of Denver. The first 14 years of her career were with KPMG – 11 years in the Audit practice, 3 years in the National Industry Learning & Development office. Keely decided to use her experience to give back to organizations who had helped her along the way. She served the University of Denver (in the Arts, Humanities and Social Sciences divisions) as the Director of Budget and Planning from 2012 to 2016.
She then served the Denver Dumb Friends League as Controller from 2016 to 2018. She went on to serve as the Director of Finance & Administration for a local church that also ran a pre-K through 8 th school. Her service in not-for-profits helped her to realize that many organizations need the expertise of a CPA but do not always have the resources they need to employ one full-time. This led her to form her own consulting business, Favor Financial LLC, to help organizations with that expertise. She launched this is May 2019. This has also allowed her time to re-engage in executive education – which she loves!
She is currently developing and instructing executive education courses for the Colorado Society of CPAs, CPA Crossings LLC, the University of Denver Daniel’s College of Business, and other private clients.
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 in smaller businesses and not-for-profit entities. A sound system of internal controls is needed to help prevent fraud. All too often, a “one-size-fits-all” system is put in place without considering the uniqueness of each entity. It is crucial that an internal control system is tailored so that the areas of greatest risk receive the most attention.
• 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
7887 E Belleview Ave suite 200, Englewood, Denver County, Colorado 80111-6016
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