Proper Audit Analysis for Procurement and Accounts Payable Fraud

Webinar to discuss the use of Audit Control Language (ACL) and (IDEA) are helpful in the analysis of Accounts Payable and Purchasing data.

Overview
 

The Purchasing and Accounts Payable cycles create a multitude of data that can be analyzed and tested for certain elements of possible report fraud.  Accounts Payable is considered the “checkbook” of the organization and therefore creates an area that without the proper control environment can be ripe for fraud.  Internal Audit training organizations have the ability to spend resources to analyze the data that comes out of the process to enable the organization to feel comfortable that controls are in place and functioning properly or that there may be fraud occurring.  There are simple ways to analyze large volumes of data that come from paying invoices.  Understanding the data is the first step towards knowing what to look for. The course will spend some time discussing the use of Audit Control Language (ACL) and how this tool and other tools like it (IDEA) are helpful in the analysis of Accounts Payable and Purchasing data.

Why Should You Attend
 

With an increased awareness of fraud and the ongoing cost to organizations, taking a proactive stance on performing anti-fraud audits in Purchasing and Accounts Payable is imperative to most organizations.  According to the Association of Certified Fraud Examiners (ACFE) “Report to the Nations on Occupational Fraud and Abuse” published in 2012, it predicted that 5% of an organization’s revenue is lost to fraud.  This course will provide you with a basic understanding of Fraud detection, different data analysis that can be utilized, proactive accounts payable Anti-Fraud examples of reviews that can be conducted and different data analysis tests that can be performed. Some knowledge and use of ACL or IDEA is suggested but not required.

Areas Covered in the Session
 

  • The Fraud triangle and statistics from the ACFE
  • A basic understanding of fraud and the different types of fraud that can occur
  • Understanding the data that A/P or IT can provide for analysis
  • Different data analysis tools  that can be utilized (ACL vs. IDEA or just Excel)
  • Examples of proactive accounts payable anti-fraud reviews
  • Different data analysis tests that can be performed on accounts payable data
  • Different data analysis tests that can be performed on purchasing data

Learning Objectives
 

  • To understand how to perform anti-fraud audits in the purchasing/accounts payable cycle and different tools that can be utilized to perform them.

Who Will Benefit
 

This webinar will provide valuable assistance to all personnel in:

  • Internal Audit procedures personnel involved in Fraud related activities
  • Internal Audit Management
  • Professionals responsible for performing anti-fraud audits
  • Risk/Compliance Officer in any industry


For more information, please visit https://www.complianceglobal.us/product/700064 
Email: referrals@complianceglobal.us 
Toll Free: +1-844-746-4244
Tel: +1-516-900-5515

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Categories: Conventions, Trade Shows, Meetings, and Events, Conventions, Trade Shows, Meetings and Events, Public Education, Education

Tags: accounts payable audit, Accounts Payable Fraud, accounts payable procedures, accounts payable process, audit command language, audit control, audit control language, compliance audit, compliance risk assessment, fraud risk assessment, fraud risk assessment process, risk management analysis


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Compliance Global Inc; is a training (webinar) organization based in New Hyde Park, New York, providing world-class compliance trainings and online webinars by leveraging a pool of experienced speakers / consultants.

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