The Purchasing and Accounts Payable cycles create a multitude of data that can be analyzed and tested for certain elements of possible fraud. Accounts Payable is considered the "checkbook" of the organization and therefore creates an area that without the proper control environment can be ripe for fraud. Internal Audit organizations have the ability to spend resources to analyze the data that comes out of the process to enable the organization to feel comfortable that controls are in place and functioning properly or that there may be fraud occurring. There are simple ways to analyze large volumes of data that come from paying invoices. Understanding the data is the first step toward knowing what to look for. The course will spend some time discussing the use of Audit Control Language (ACL) and how this tool and other tools like it (IDEA) are helpful in the analysis of Accounts Payable and Purchasing data.
With an increased awareness of fraud and the ongoing cost to organizations, taking a proactive stance on performing anti-fraud audits in Purchasing and Accounts Payable is imperative to most organizations. According to the Association of Certified Fraud Examiners (ACFE) "Report to the Nations on Occupational Fraud and Abuse" published in 2012, it predicted that 5% of an organization's revenue is lost to fraud. This course will provide you with a basic understanding of fraud, different data analyses that can be utilized, proactive accounts payable Anti-Fraud examples of reviews that can be conducted, and different data analysis tests that can be performed. Some knowledge and use of ACL or IDEA is suggested but not required.
With an increased awareness of fraud and the ongoing cost to organizations, taking a proactive stance on performing anti-fraud audits in Purchasing and Accounts Payable is imperative to most organizations. According to the Association of Certified Fraud Examiners (ACFE) "Report to the Nations on Occupational Fraud and Abuse" published in 2012, it predicted that 5% of an organization's revenue is lost to fraud. This course will provide you with a basic understanding of fraud, different data analyses that can be utilized, proactive accounts payable Anti-Fraud examples of reviews that can be conducted, and different data analysis tests that can be performed. Some knowledge and use of ACL or IDEA is suggested but not required.
Marna Steuart
Marna Steuart has been in the audit industry for over twenty years. Ms. Steuart began her career with a big four firm as an external auditor, then as an internal auditor in different capacities in various industries. Ms. Steuart has performed collective bargaining contracts, and construction contract audits of several third-party contracts. She has also performed vendor contract audits of purchase power contracts and third-party vendor contracts for services throughout her career as an internal auditor. She has firsthand knowledge of where to look in a contract for possible risks and of case studies that would save thousands of dollars’ …
How to Write Procedures to Avoid Human Errors
Recruiting Top Talent in a Digital Era
Copilot and HR: An Introduction for HR Professionals
The Importance of the first 5 seconds when presenting
Microsoft Excel - Data Validation Techniques
Using Claude in Excel for Productivity, Automation & Data A…
AI for Excel Professionals: Enhancing Productivity with Cha…
Leadership: Strategic Planning and Decision Making
2026 Form I-9 Changes & New ICE Penalties: What Every Emplo…
Human Factors Usability Studies Following ISO 62366 and FDA…
FDA Compliance for Regulated Systems using COTS, Cloud, and…
Implementing an Effective Succession Plan to Identify, Deve…
Boost Financial Analysis with Claude in Excel
ChatGPT for HR - Build HR Policy Framework and Strategy
Wage & Hour Laws: Ensuring Compliance with the Fair Labor S…
Emotional Intelligence: Mastering the Emotions of Great Lea…
I-9 Enforcement & Compliance: A 5-Step Plan for Employers t…
The Anti-Kickback Statute: Enforcement and Recent Updates
Expense Reimbursements 2026 - Proper Recordkeeping and Acco…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Dealing With Difficult People: At Work & In Life
Construction Lending And Real Credit Administration: Evalua…
Claude AI For CPAs & Finance Professionals: Best Practices …
Mastering the Prompt: How Every Professional Can Use AI to …
Secrets Of The Staffing Fix - Solving The Employee Training…
Using Copilot to Format Legal Documents in Microsoft Word
Setting SMART Goals & Leveraging Storytelling for Reporting
Eliminate Harmful And Unproductive Drama In The Workplace
Discover how Emotional Intelligence turns AI from a technic…
Excel Spreadsheets; Develop and Validate for 21 CFR Part 11…
Major cGMP Issues: FDA Concerns in 2026
Elevate Your Workplace Wellness: 10 Critical Wellness Facto…
Maximizing Productivity with ChatGPT: AI Solutions for HR, …
Managers/Supervisors: New Role, Same Team - How to Lead Wit…