How to Audit Procurement ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
A large part of the total expenditures of a business originate in the procurement department. Given the volume of cash involved, it makes sense for a business to conduct ongoing audits of every procurement activity. In this procurement audit CPE course, we cover the main procurement processes, the controls applied to them, the most common forms of procurement fraud, and the different types of procurement-related investigations in which an auditor can engage.
Highlights
Procurement process overview. In-process procurement controls. Procurement fraud schemes. Procurement negligence. Auditor activities. Conflicts of interest. Outsourcing issues.
Prerequisites
None.
Designed For
Auditors, CPAs, CEOs, and other accounting professionals.
Objectives
Recognize the manner in which the corporate budget can be used as a procurement control. Specify the various controls relating to the issuance of purchase orders. Specify the controls applying to the proper recordation of supplier information. Describe the different types of frauds that can arise from the procurement function. Recognize the different types of procurement-related investigations in which an auditor can engage.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00