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Secure Transaction How to Audit Procurement
Format
Self-Study
Course Level
Overview
CPE Credits
1 Credits: Auditing
Course Description
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 the How to Audit Procurement 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS924389534
July 1, 2024
There are no prerequisites.
None
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Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …
QAS Self-Study
