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Auditing Procure to Pay

Auditing Procure to Pay

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.


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

  • Details on Event Presentation

    Being offered twice a quarter on Fridays at 10:00 a.m. to 2:30 p.m. Central Time. There will be a lunch break from 12:00 noon to 12:30 p.m.

    We can schedule private events on your timetable for two or more attendees.

  • 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

  • NASBA Program Disclosure

    Program Level of Understanding: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Format: Group Internet Based
    NASBA Field(s) of Study: Auditing
    CPE Credits: 2, based on 50 minutes of instruction per hour

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