Language: English (US)

Internal Audit of Accounts Payable, Master Invoice Processing, Payment Procedures, and Fraud Prevention

https://www.udemy.com/course/how-to-audit-accounts-payable/

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!