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Auditing Procure to Payment

Auditing Procure to Payment

Elevate your skills in procurement auditing with our Auditing Procure-to-Pay Webinar, a practical 4 CPE-credit course designed for accountants and internal auditors aiming to streamline business processes, reduce costs, and enhance the effectiveness of procurement and accounts payable audits. This event focuses on empowering professionals with tools and techniques to efficiently audit the Procure-to-Pay (P2P) Cycle while managing risks and improving internal controls.

 

Why Attend?

1. Master Procurement Audits - Gain comprehensive insights into the Procure-to-Pay cycle, including vendor management, supply chain risks, and internal controls.

2. Reduce Costs and Drive Improvement - Learn how top organizations drive cost savings and improve processing speed through effective procurement strategies.

3. Build Your Professional Credentials - Expand your expertise and earn 4 CPE credits, showcasing your commitment to improving procurement auditing processes.

4. Enhance Fraud Detection Skills - Learn forensic methods to identify and prevent fraud within procurement and payment systems.

 

What You’ll Learn

This interactive half-day seminar provides practical tools and targeted knowledge to enhance your procurement auditing.

 

Key Topics Include:

1. Internal Controls in the Procure-to-Pay Cycle

  • What internal controls are essential in P2P processes.
  • Best practices for procurement, ordering, receiving, invoice processing, and payment.

2. Managing Supply Chains and Vendor Risks

  • Identifying and mitigating supply chain challenges.
  • Strengthening the vendor master file to reduce risks and ensure compliance.

3. Forensic Techniques for Fraud Detection

  • Methods to uncover potential P2P fraud and improve process integrity.
  • Conducting effective forensic analyses of vendor data.

4. Procurement Process Improvement

  • Case studies on accounts payable audits and cost reduction.
  • Strategies to align procurement with organizational goals for efficiency and savings.

 

Benefits of Attending

By joining this session, you’ll gain actionable insights to:

  • Improve Procurement Efficiency: Streamline auditing processes for faster and more reliable results.
  • Reduce Organizational Risk: Identify vulnerabilities and apply smart controls to mitigate risks.
  • Enhance Cost Management: Learn strategies for reducing administrative costs while maintaining effectiveness.
  • Boost Professional Development: Earn 4 CPE credits to solidify your expertise in procurement auditing.

 

Event Details

  • Schedule: Sessions are held every eight weeks on Fridays from 10 a.m.–2:30 p.m. CST.
  • Format: Group internet-based webinar.
  • CPE Credit: 4 NASBA-certified credits in Auditing.
  • Fee: $280.
  • Private Training: Custom courses available for groups of two or more.

 

Who Should Attend?

This webinar is ideal for professionals responsible for auditing procurement and accounts payable processes, including:

  • Accountants and Internal Auditors: Gain expertise in auditing the P2P cycle and implementing effective internal controls.
  • Compliance Officers: Improve oversight of procurement compliance and reduce risks.
  • Finance and Procurement Leaders: Drive cost reductions and refine business processes.

 

Why Auditing the Procure-to-Pay Process Matters

The Procure-to-Pay cycle represents a significant portion of administrative expenditures. By effectively auditing this process, you can:

  • Ensure Compliance: Align procurement and payment practices with organizational policies and regulatory requirements.
  • Detect and Mitigate Fraud Risks: Strengthen controls and utilize forensic techniques to uncover vulnerabilities.
  • Improve Operational Efficiency: Leverage insights and strategies to save time and reduce inefficiencies.

 

Register Today

Don’t miss this chance to sharpen your auditing skills and make a meaningful impact on your organization’s bottom line. Join the Auditing Procure-to-Pay Webinar and gain the knowledge, tools, and confidence to audit procurement processes effectively.

 

Register now to secure your spot and advance your professional development with 4 CPE credits in auditing!

  • Details on Event Presentation

    Offered every eight weeks on Fridays 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.

  • 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

    Introduction
    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: 4, based on 50 minutes of instruction per hour

  • Summary of the Subject Matter

    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.

$280.00Price
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