Internal Control Best Practices for your Procure to Pay (P2P) Process

• 8:30 – 9:00 AM: Registration
• 9:00 AM: Session Start Time

1. Overview of the Course Material
2. Learning Objectives
3. Introduction to the Purchase to Pay (P2P) Business Process
4. The Corporate Impact of the P2P Business Process
5. Introduction to the Internal Controls Questionnaire (ICQ) and Standards of Internal Control Approach
6. The Three Critical Corporate Controls
1. Delegation of Authority (DoA)
2. Segregation of Duties (SoD)
3. Systems Access
7. Component 1: Procurement
1. Contract Management and Controls
2. Requisition Management
3. Purchase Order Management
4. Procurement Case Studies
8. Component 2: The Receiving Process
1. Evaluation Receipt Settlement (ERS)
2. Purchase Order Matching
3. Receiving Case Studies
9. Day 1 Wrap-Up

10. Recap of Day 1
11. Component 3: The Accounts Payable (AP) Process
1. The Top Twenty AP Controls
2. Supplier Master File
3. Invoice Processing
4. Disbursements
5. P-Cards
6. Accounting and Closing Controls
7. AP Case Studies
12. Component 4: Special Accounts Payable (AP) Topics
1. The Impact of Regulatory Compliance on Your Supplier Master
2. Anti-Corruption Controls and the Foreign Corrupt Practices Act (FCPA)
3. Trends in P2P Internal Controls
1. Continuous Controls Monitoring (CCM)
2. Controls Self-Assessment (CSA)
3. Automation
13. Questions and Discussion
14. Course Wrap-Up
15. Questions and Discussions

Chris Doxey has held senior finance and controller positions at Digital Equipment Corporation, Compaq Computer Corporation, Hewlett Packard, MCI, APEX Analytix, and BSI Healthcare. She has a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and a graduate certificate in project management. As a management consultant, Ms. Doxey uses her foundation of experience to provide best practices and solutions to her clients in the areas of compliance, auditing, internal controls, and fraud prevention. She also serves as the Executive Director of the Controller Certification Program for the IOFM.

Ms. Doxey is a Certified Accounts Payable Professional (CAPP), holds a Certification in Controls Self - Assessment (CSA), is a Certified Internal Controls Auditor (CICA), and is a Certified Professional Controller (CPC). She has authored The Controller’s Best Practices Guide and The Controller’s Best Practices Guide to the Financial Close for the IOFM and IMA. She has also published two handbooks: AP Leadership Skills and Implementing a Controls Self -Assessment Program for Accounts Payable. She writes articles, blogs, and whitepapers for professional organizations and solution providers. She also provides several webinars and presentations throughout the year.

Ms. Doxey is a member of the Institute of Internal Auditors (IIA), the Institute for Internal Controls (The IIC), the Institute of Financial Operations (IFO), and the Institute of Management Accountants (IMA). She is a board member of the IMA’s Ethics Committee and Research Foundation. She is also a member of the advisory board for The IIC and is president of the Washington DC area chapter for both the IFO and the IIC organizations.