Concurrent Session Onsite and Online

CAN2413. Strengthening the Roots: Implementing Robust Internal Controls in the Cannabis Industry

In the rapidly evolving cannabis industry, establishing and maintaining effective internal controls is not just about compliance; it's a strategic imperative. "Strengthening the Roots: Implementing Robust Internal Controls in the Cannabis Industry" is a comprehensive session designed for accounting professionals navigating the complex regulatory and financial landscapes of this unique sector. As the cannabis industry continues to grow and face increased scrutiny, businesses within this sector must prioritize the development of stringent internal control systems to mitigate risks, enhance operational efficiency, and ensure financial integrity. This session will provide attendees with the knowledge and tools necessary to design, implement, and manage effective internal controls tailored to the specific needs and challenges of cannabis businesses.


Learning Objectives:

  • Identify the unique regulatory, financial, and operational challenges facing cannabis businesses and the critical role internal controls play in navigating these challenges.
  • Analyze internal control design in areas such as cash management, inventory tracking, and financial reporting to better prevent errors, fraud, and non-compliance.
Date/Time
–
CPE Credits
1.0
NASBA Field of Study
Auditing
Level
Intermediate
Prerequisites
3-4 years in the profession
Advanced Preparation
NA
Speakers
Image of Benny Herman

Benny Herman

CPA
Director, Assurance Services
CohnReznick, LLP
Image of Peyton Bowman

Peyton Bowman

M&A Director
Sax LLP