Objectives
 

• Explain the purchasing process, risks and controls
• Identify the many different ways an organization can acquire goods and services as well as the number of people involved
• Discuss common types of purchasing fraud and how to detect it
• Design audit tests, procedures, and programs that include fraud techniques, rather than fraud being an after thought
• Display soft skills that can help an auditor detect fraud
• Determine when and internal audit may become a fraud investigation

Overview

The procurement function is one of the most vulnerable areas of a business when it come to fraud.  This class provides an overview of the purchasing process and how different procurement transactions are structured.  Purchasing fraud schemes are examined as well as controls that could prevent or detect them.  The course also reinforces how to build and execute an effective internal audit from the planning phase through reporting and follow-up.

Credit Hours

1 / 2 / 4/ 9 or 18 hours 50% Audit and 50% Specialized Knowledge (tailored for your needs)  – One hour CPE credit available for each 50 minutes in the classroom Group-Live

1 & 2 hours classes are available via webinar Group-Internet

Admission Requirement