Procure to Pay (P2P) 2015 - Internal Control Best Practices for your Procure to Pay (P2P) Process

Course Description:
This two day seminar will focus on internal controls best practices for the Procure to Pay (P2P) process. Attendees will learn about internal controls best practices by reviewing the Internal Controls Questionnaires (ICQ) for each component of the P2P process. The course material will highlight the impact that the P2P process can have on an organization and will also indicate the key risks that must be considered within a P2P internal controls program.
The course will follow an Internal Controls Questionnaire (ICQ) approach to the course material that will review each key transaction within the P2P process. This knowledge will then be applied to the analysis of real life case studies from all components of the P2P process that include: procurement, receiving, and accounts payable (AP).
This workshop will:
Present attendees with a unique opportunity to discuss what went wrong to determine the key internal controls that were missing.
Spotlight the three critical corporate controls, the standards of internal control for P2P, and the top twenty controls for AP.
Detail dependencies and interdependencies of the P2P process and its crucial impact on all supplier disbursements.
Review the impact of regulatory compliance on the P2P process and will discuss current trends in the internal controls process.
Learning Objectives:
On completing this course participants will be able to:
Understand the three corporate critical controls and how to implement policies and procedures to enforce them.
Identify the control risks and ‘fraud flags’ within the P2P process.
Obtain a complete toolkit that contains the standards of internal controls for the P2P process.
Define and implement the top twenty controls for the accounts payable process.
Develop an Internal Controls Questionnaire (ICQ) for each component of the P2P process.
Define the regulatory requirements that impact the P2P process.
Apply concepts and tools to real life fraud case studies and define the internal control weaknesses.
Define an action plan on how to implement a new or enhanced P2P internal controls program.
Apply current trends in internal controls program to enable continuous controls monitoring and other best practices.
Who Will Benefit:
This best practices seminar will benefit professionals interested in improving the P2P internal controls program and preventing the risk of fraud for their companies. This includes:
CFOs
Controllers
Internal Audit Executives
Internal Control Professionals
Shared Service Executives
Accounts Payable Managers and Directors
Procurement Managers and Directors
For Registration - http://www.complianceonline.com/internal-control-b...
Note: Use coupon code 232082 and get 10% off on registration.