Internal Controls in Purchases, Accounts Payable and Payment

This 90-minute webinar covers the operational principles and techniques for internal control in purchases, accounts payable and payment.

Why Should You Attend:

Internal controls are an important part of corporate risk management. Internal auditors must know in details specific tests of control. Even operating managers should know internal controls that apply to the areas under their supervision to avoid unintentional consequences of inappropriate procedures and to protect against wrongdoing by others.

This webinar highlights the principles and techniques for internal control in purchases, accounts payable and payment. After a general placement into the COSO framework, the course operationally covers how the processes of purchasing, accounts payable and payment should be designed for internal controls, the specific internal controls that apply to these area, as well as the levels of attribution and delegation of decision power.

Areas Covered in the Webinar:

With reference to purchases, accounts payable and payment:

• Placement within the COSO framework.
• Internal control objectives.
• Internal control responsibilities within the organization.
• Management authorizations.
• Matching of financial statement assertions with internal controls.
• Process workflows enabled for internal control.
• Internal controls and check lists.
• Voucher systems.
• Implication of computer systems on internal controls.

Who Will Benefit:

• Internal Auditors
• External Auditors
• Statutory Auditors in certain jurisdictions
• Accountants
• Financial Officers
• Risk Officers
• Operational Risk Managers
• Staff with decision and supervision roles and responsibilities in operational departments.