Are you getting the audit results within the Procurement-To-Pay business process?
 
Auditing the Procurement Function is an important assignment for auditors and compliance departments. The seminar presents:
· The definition, scope, and importance of purchase to pay process,
· The core challenges of procurement process,
· The important risk areas of fraud, ethics, and external factors,
· Common risks, procedures, and internal controls at different stages of the purchase to pay process,
· Procurement tactical and strategy planning.
 
This training seminar looks at how world class organizations reduce costs.
 
Procurement is usually the largest category of administrative expenditures. This seminar offers practical advice for auditing the procurement function, and it is intended to be of relevance for all types and sizes of organizations globally-in the private sector, the not-for-profit or charitable sectors, local and national government, and international organizations.
 
This timely, half-day CPE training seminar is designed for the accountant or internal auditor who has to be aware of how to approach auditing and improving the purchasing function.
 
This internal control training course will provide each attendee with  4 CPE Event Hours (YB). A certificate of completion will be provided.

Auditing Procure to Pay

$280.00

Quantity

Offered every six weeks on Thursdays at 10:00 a.m. to 2:30 p.m. Central Time in four CPE-Credit event.

We can schedule private events on your timetable for two or more attendees.
World class procurement organizations pursue a broader organizational agenda and leverage their organization to do some things significantly better than those in the middle of the industry average.

Recent studies have found that world class companies can have well over three quarters of their spending under management and ultimately deliver nearly 10 percent cost savings as a percentage of overall spend.

This seminar is focused on business process improvement to drive costs down and processing speed up.
Attendees will:

Be able to improve the effectiveness of your Procurement and Accounts Payable audits

Understanding the importance of, and risks associated with, the P2P Cycle

Identifying internal controls for Procurement, Ordering, Invoice Processing, Receiving, and Payment

Recognizing the risks to your Supply Chain and Vendor Management Program

Learning methods to analyze and manage your Vendor Master File

Implementing forensic techniques to discover potential P2P fraud
This training seminar is tailored for accountants or internal auditors seeking to gain a comprehensive understanding of auditing and enhancing the purchasing function. It emphasizes business process improvement to drive down costs and enhance processing speed.

Key topics include internal controls, supply chain challenges, vendor master file challenges and controls, forensic analysis, and a case study on accounts payable audit. The learning objectives encompass improving the effectiveness of procurement and accounts payable audits, understanding the importance and risks associated with the Procure to Pay (P2P) Cycle, identifying internal controls for procurement, ordering, invoice processing, receiving, and payment, recognizing risks to the supply chain and vendor management program, learning methods to analyze and manage the vendor master file, and implementing forensic techniques to uncover potential P2P fraud.

Auditing Procure to Pay

Details on Event Presentation

CPE Event Highlights

Learning Objectives

Key Issues on the Agenda

NASBA Program Disclosure

Summary of the Subject Matter

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