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Description of  Intrenal Audit Of Purchasing Masterclass

Published 3/2024 MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz Language: English | Size: 870.24 MB | Duration: 2h 0m Operational Auditing of Purchasing Process What you'll learn Develop Effective Audit Planning: Learn how to design a tailored audit strategy specifically for purchasing functions. Understand the Fundamentals of Procurement and Purchasing: Gain a strong grasp of essential purchasing processes, identifying potential risks and control points Identify and Evaluate Purchasing Controls: Develop a critical eye for assessing the effectiveness of internal controls within the purchasing cycle. Execute Efficient Audit Procedures: Learn the best practices for conducting purchasing audits. Master Segregation of Duties for Fraud Prevention: Understand the critical concept of segregation of duties (SoD) in the purchasing process. Requirements No Worries if You're New! This course starts by covering the essentials of purchasing and internal controls. Even if you don't have direct experience, you'll gain a thorough understanding of the audit process from start to finish. Description Overview Section 1: Introduction to Purchasing Audit Lecture 1 What is Purchasing? Lecture 2 General Overview of Purchasing Audit Lecture 3 Common Risks of Purchasing Function Section 2: Internal Audit Planning of Purchasing Lecture 4 Preliminary Steps To Be Taken Before The Purchasing Audit Process Section 3: Internal Audit of Purchasing Stages Lecture 5 Internal Audit of Requisition Stage Lecture 6 Internal Audit of Request for Quotation Stage Lecture 8 Internal Audit of Acceptance (Receiving) Stage Section 4: Internal Audit of Accounts Payable Lecture 9 Internal Audit of Invoice Processing & Payment Stage Section 5: Segregation of Duties Lecture 10 Segregation of Duties in Purchasing Function Internal Auditors: Enhance your skills in assessing purchasing processes, identifying control weaknesses, and ensuring compliance.,Procurement Professionals: Gain a deeper understanding of internal audit procedures to strengthen your department's controls and mitigate risks.,Compliance Officers: Learn how to evaluate the effectiveness of purchasing controls within your organization's broader compliance framework.,Finance and Accounting Professionals: Expand your knowledge of auditing techniques and best practices for ensuring financial integrity within the purchasing function.,Students and Aspiring Auditors: Build a solid foundation in internal auditing principles and their application to the critical area of purchasing.