Key Process Controls – Accounts Payable 3.5 Credits
Learning mode
Controls around the procurement of goods including the purchasing, receiving, and accounts payable processes are important for companies that want to procure goods effectively at fair prices. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.
In this course we will be introduced to internal control definitions and concepts, empowering them to recognize the continuum of internal controls for businesses and the strategies for adding and evolving these controls while maintaining cost-effectiveness. Identifying risk categories, including internal and external risks, and inherent, and residual risks, will enable participants to develop robust risk management strategies in procurement.
Key topics covered in this course:
Fraud risk factors can be a significant concern in procurement and accounts payable processes. This course will equip participants to recognize the components of the Fraud Triangle and Fraud Diamond, ensuring that businesses can establish preventative measures to safeguard against fraudulent activities. Moreover, the course focuses on key accounts payable process activities and specific controls related to accounts payable. Additionally, considerations for periodic monitoring analysis and other procedures for accounts payable processes will be covered to ensure continuous improvement and compliance.
Join this CPE Auditing Course to enhance your procurement and accounts payable knowledge and equip yourself with valuable expertise for effective and efficient business operations.
| License details | Credits | Status |
|---|---|---|
| Auditing for Certified Public Accountants (CPA-US) | 3.5 CPE | Approved |
| Internal Auditing for Certified Internal Auditors (CIA) | 3.5 CPE | Eligible |
| Auditing for Certified Management Accountants (CMA) | 3.5 CPE | Eligible |
| Auditing for Delaware Licensed Public Accountant (DE-LPA) | 3.5 CPE | Eligible |
| Auditing for Certified Government Financial Manager (CGFM) | 3.5 CPE | Eligible |
| Auditing for Certified Fraud Examiner (CFE) | 3.5 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 3.5 CPE | Eligible |
| Auditing for Certification in Risk Management Assurance (CRMA) | 3.5 CPE | Eligible |
| Certified Internal Controls Auditor (CICA) | 3.5 CPE | Eligible |
| Auditing for Certified Financial Forensics (CFF) | 3.5 CPD | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 3.5 CPE | Eligible |
| Auditing for Iowa Licensed Public Accountant (IA-LPA) | 3.5 CPE | Eligible |
| Auditing for Maine Licensed Public Accountant (ME-LPA) | 3.5 CPE | Eligible |
| Certified Controls Specialist (CCS) | 3.5 CPE | Eligible |
| Auditing for Certified Government Auditing Professional (CGAP) | 3.5 CPE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Auditing for Certified Public Accountants (CPA-US) | 3.5 CPE | Approved |
| Internal Auditing for Certified Internal Auditors (CIA) | 3.5 CPE | Eligible |
| Auditing for Certified Management Accountants (CMA) | 3.5 CPE | Eligible |
| Auditing for Delaware Licensed Public Accountant (DE-LPA) | 3.5 CPE | Eligible |
| Auditing for Certified Government Financial Manager (CGFM) | 3.5 CPE | Eligible |
| Auditing for Certified Fraud Examiner (CFE) | 3.5 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 3.5 CPE | Eligible |
| Auditing for Certification in Risk Management Assurance (CRMA) | 3.5 CPE | Eligible |
| Certified Internal Controls Auditor (CICA) | 3.5 CPE | Eligible |
| Auditing for Certified Financial Forensics (CFF) | 3.5 CPD | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 3.5 CPE | Eligible |
| Auditing for Iowa Licensed Public Accountant (IA-LPA) | 3.5 CPE | Eligible |
| Auditing for Maine Licensed Public Accountant (ME-LPA) | 3.5 CPE | Eligible |
| Certified Controls Specialist (CCS) | 3.5 CPE | Eligible |
| Auditing for Certified Government Auditing Professional (CGAP) | 3.5 CPE | Eligible |
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Reid Conrad is a renowned CPA. With contagious enthusiasm, he engages audiences uniquely through text-based presentations. He is a distinguished renowned educator, and esteemed presenter in the realm of Accounting. With a passion that knows no bounds, Reid's presentations are infused with an infectious enthusiasm that captivates his audience.
Reid is a trailblazer in the field, sharing his knowledge exclusively through text-based formats. His mastery of the written word allows him to communicate complex Accounting concepts with exceptional clarity and precision, leaving a lasting impact on his audience's understanding.
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To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.
Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.
To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.
After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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Detailed information on internal controls as they relate to the Accounts Payable Process. I strongly recommend for accountants that do not have accounts payable experience.
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Straightforward and simply laid out self study
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Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
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