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Course Level :Basic
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Credits :3.5
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Pre-requisites :None
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Advance Preparation :None
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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.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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 through its website: www.NASBARegistry.org.
Owner, CPE Academy
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.
CPE Academy is an educational firm comprised of CPAs with experience in public accounting, industry, internal audit, and university teaching. The principals have more than 40 years of experience and their public accounting experience includes audits for both large and small CPA firms with several large publicly traded clients. Their industry experience includes home building and oil and gas accounting. Their internal audit experience includes process reviews, contract audits, agreed upon procedures, and regulatory engagements. Their university teaching includes a wide range of accounting, auditing, data analytics, and tax courses. With the unique combination of extensive corporate experience and university level teaching the firm is able to offer exceptional educational material.
146 Ratings
AB
Oct 21st, 2024
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.
CC
Feb 27th, 2024
Straightforward and simply laid out self study
TE
Sep 5th, 2024
thanks for this rich amazing course
DV
Feb 15th, 2024
Just what I was looking for
AJ
Nov 27th, 2023
Really good coursework.
