Accounts payable sits at the end of the purchasing process, so weak controls anywhere along the way show up there. This 60-minute webinar on internal control in accounts payable explains management's and audit's roles in keeping the process sound.
A procurement compliance audit does more than flag broken rules. It exposes weaknesses in procurement systems and procedures, and irregularities such as fraud and corruption in how goods and services are sourced.
You'll trace where accounts payable come from, starting with need recognition, then review internal control audit objectives, general controls over acquisitions, receipt and inspection of purchases, best practice for processing checks, vendor allowances, where controls can fail, potential sources of unrecorded payables, and red flags in purchasing, inventory and accounts payable.
When purchasing processes differ across an organization, contract management becomes reactive and it is harder to monitor procurement fully. Knowing where controls tend to fail helps you close gaps before they lead to losses.
This session suits financial accountants, forensic and internal auditors, financial managers, board members and audit committee members.
Financial Accountants, Forensic Auditors, Internal Auditors, Financial Managers, Board members, Audit Committee members.
When purchasing processes differ across an organization, contract management becomes reactive and it is harder to monitor procurement fully. Knowing where controls tend to fail helps you close gaps before they lead to losses.
This session suits financial accountants, forensic and internal auditors, financial managers, board members and audit committee members.
Financial Accountants, Forensic Auditors, Internal Auditors, Financial Managers, Board members, Audit Committee members.
Richard E Cascarino
Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA and Johannesburg, South Africa with over 32 years of experience in audit training and consultancy. He is a regular speaker at National and International conferences and has presented courses throughout Africa, Europe, the Middle East, and the USA. Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc, and is a member of ISACA, and the Association …
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