Virtual Training
Seeking professional education from the comfort of your office? See below for details about these upcoming 2019 virtual training events:
October 16 and 18 eWorkshop: Purchasing Card Audits—Best Strategies for Internal Audit
Also, if your organization is in need of a speaker/training for a virtual or in-person event, please contact Recharged Education to relay your interest and request a quote.
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Purchasing Card Audits—Best Strategies for Internal Audit
Four-hour eWorkshop
When: October 16 and 18, 2019, from 1:00 to 3:00 PM ET each day
Hosted by: The Institute of Internal Auditors/Public Sector Audit Center
Speaker: Lynn Larson, CPCP, Recharged Education
Intended audience: Auditors within the public sector
See details below or visit The IIA for more information, including registration
Description
Organizations of all kinds, including government entities, benefit from Purchasing Card (P Card) usage, but card fraud is a real risk. For optimal P-Card program success, effective and efficient controls that do not hamper card usage are critical. As internal auditors, you fulfill an important role in evaluating the existing controls and driving program improvements, thereby helping your organization maximize the value of P-Cards.
Part 1: Purchasing Card Overview
Before you can properly audit a P-Card program, you need to understand this unique tool, including how it works and how it compares to other payment methods. Hear about the risks, as well as external protections. Learn how to define your role in supporting the card program and the challenges you may face as an auditor in the public sector. Part 1 ends with an introduction to P-Card risk analyses.
Part 2: Strategies for Auditing a P-Card Program
Armed with a better understanding of P-Cards, you can lead the efforts to establish the right internal audit strategy for your organization. Part 2 is a deep dive into P-Card controls and elements you should audit during process audits and transaction audits.
Learning Objectives
Upon course completion, participants will be able to:
Articulate the benefits of P-Cards.
Explain how the P-Card purchase-to-pay (P2P) process differs from other processes.
Convey elements of the P-Card control environment, which form the basis of audits.
Identify common control gaps and ways to resolve them.
Specify relevant criteria for transaction audits.
Design process audits for testing existing controls.
To register, visit The IIA.
Diversifying a Payment Strategy with Purchasing Cards and Electronic Payables
On-Demand Introductory Course
Delivered by Lynn Larson, CPCP, Recharged Education and hosted by Illumeo, an online professional development platform for CFOs and similar. Learn more about this course.