Critical Anti-Fraud Audits under Procurement and Accounts Payable

Speaker

Instructor: Marna Steuart
Product ID: 703533
Training Level: Intermediate

Location
  • Duration: 60 Min
This webinar will explain how to perform anti-fraud audits in the purchasing/accounts payable cycle. It will discuss 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.
RECORDED TRAINING
Last Recorded Date: Feb-2020

 

$249.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
(For multiple locations contact Customer Care)

$349.00
Downloadable file is for usage in one location only. info Downloadable link along with the materials will be emailed within 2 business days
(For multiple locations contact Customer Care)

 

 

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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 in the Webinar:

  • 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

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 Officer
  • Compliance Officer

Instructor Profile:
Marna Steuart

Marna Steuart
Consultant, Colorado Public Utilities Commission

Marna Steuart has been in the audit industry for over twenty years. Ms. Steuart began her career with a big four firm as an external auditor, then as an internal auditor in different capacities in various industries. Ms. Steuart has performed collective bargaining contracts, and construction contract audits of several third-party contracts. She has also performed vendor contract audits of purchase power contracts and third-party vendor contracts for services throughout her career as an internal auditor. She has firsthand knowledge of where to look in a contract for possible risks and of case studies that would save thousands of dollars’ for organizations.

Topic Background:

The Purchasing and Accounts Payable cycles create a multitude of data that can be analyzed and tested for certain elements of possible 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 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.

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Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

 

 

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