Video Game

Auditing Procure to Pay

Being offered twice a quarter on Mondays at 10:00 a.m. to 2:30 p.m. Central Time.

Are you getting results from your audits of the Procurement-To-Pay business process?

Auditing the Procurement Function is an important assignment for auditors and compliance departments.


This CPE event 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 by cutting the errors, waste, fraud and abuse.


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, CPE training event is designed for the CFO, controller, accountant or internal audit director who wants to approach improving the procure to payment function and reducing spend leak.

The retail cost of this CPE event is $240.00 per attendee.

Each attendee will receive 4 Auditing CPE Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 4, based on 50 minutes of instruction per hour

CPE Event Highlights

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.

Learning Objectives

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


Key Issues on the Agenda

Section 1 What is "Internal Control"?
Section 2 What is the "Procure to Pay" Cycle?
Section 3 Internal Controls within P2P Processes
Section 4 Supply Chain Challenges
Section 5 Vendor Master File Challenges and Controls
Section 6 Vendor Master File Audit
Section 7 Vendor Master File Forensic Analysis
Section 8 Case Study: Accounts Payable Audit