Guidelines for Performing Anti-Fraud Audits in A/P and Procurement
OVERVIEW
The Purchasing and Accounts Payable cycles create a multitude ofdata that can be analyzed and tested for certain elements of possible fraud.
Accounts Payable is considered the “check book” of the organization and
therefore creates an area that without the proper control environment can be
ripe for fraud. Internal Audit 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.
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| Fraud Risk Management Training |
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, 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
- 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
Get a clear idea about how to perform anti-fraud audits in the
purchasing/accounts payable cycle. Also know the use of Audit Control Language
(ACL) and how this tool and other tools like it (IDEA) are helpful in analyzing
accounts payable and purchasing data.
WHO WILL BENEFIT
- Internal Audit personnel involved in Fraud related
activities
- Internal Audit Management interested in performing
anti-fraud audits of Accounts Payable and Purchasing Cycles
- Professionals responsible for or interested in
performing anti-fraud audits
- Risk/Compliance Officer any industry
For more detail please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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