How to Audit Accounts Payable?
Internal Audit of Accounts Payable, Master Invoice Processing, Payment Procedures, and Fraud Prevention
How to Audit Accounts Payable? free download
Internal Audit of Accounts Payable, Master Invoice Processing, Payment Procedures, and Fraud Prevention
Master the Art of Accounts Payable Auditing and Safeguard Your Company's Finances
Are you ready to become an expert in Accounts Payable (AP) audits? Whether you're a seasoned auditor or just starting your journey, this comprehensive course will equip you with the knowledge and skills to conduct thorough and effective AP audits.
What You'll Learn:
Understanding AP Fundamentals: Gain a solid grasp of the accounts payable process, its importance, and its role in a company's financial health.
Planning Your Audit: Learn how to develop a robust audit plan, assess risks, and establish clear objectives.
Executing Audit Procedures: Dive deep into the specific procedures for reviewing vendor relationships, testing the accuracy of records, evaluating invoice processing, and more.
Detecting Fraud and Control Weaknesses: Discover how to identify red flags, assess the risk of material misstatement, and implement effective controls to safeguard against fraud.
Making Impactful Recommendations: Learn how to develop clear, actionable recommendations that drive improvements in the AP process.
Downloadable Materials:
1. Ebook - Accounts Payable (Lecture 4)
2. Ebook - Accounts Payable Risks (Lecture 7)
3. Ebook - Internal Audit Program (Lecture 12)
4. Ebook - Internal Audit Checklist Questions (Lecture 15)
Course Structure:
Module 1: Introduction to Accounts Payable Audits
Lecture 02: Overview of Accounts Payable and its Importance
Lecture 03: Objectives and Scope of an AP Audit
Lecture 04: The Role of the Auditor in AP Audits
Module 2: Planning the Accounts Payable Audit
Lecture 05: Developing an Effective Audit Plan
Lecture 06: Understanding AP Policies and Procedures
Lecture 07: Evaluating Internal Controls Over AP
Module 3: Conducting Audit Procedures
Lecture 08: Reviewing Vendor Selection and Management
Lecture 09: Testing the Accuracy and Completeness of AP Records
Lecture 10: Evaluating Invoice Processing and Payment Procedures
Lecture 11: Reconciling AP Records to the General Ledger
Lecture 12: Testing Fraud Prevention and Detection Controls
Module 4: Identifying and Assessing Control Weaknesses
Lecture 13: Common AP Control Deficiencies
Lecture 14: Assessing the Risk of Material Misstatement
Lecture 15: Developing Effective Recommendations
Who Should Take This Course:
Auditors, Internal Auditors and accountants
Finance professionals
Business owners and managers
Anyone interested in improving their understanding of AP audits
Enroll today and take the first step towards becoming a proficient Accounts Payable auditor!
