Internal Audit of Purchasing Masterclass

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Sali̇h Ahmed Islam

1:59:36

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1 - Introduction to Purchasing Audit

1 - The-Purchasing-Function-Direct-vs.Indirect-Procurement.pdf

1 - What is Purchasing.mp4

04:47

2 - General Overview of Purchasing Audit.mp4

11:33

2 - Introduction-to-Internal-Audit-of-Purchasing.pdf

3 - Common Risks of Purchasing Function.mp4

17:16

3 - Common-Risks.pdf

2 - Internal Audit Planning of Purchasing

4 - Essential-Preparation-for-a-Successful-Purchasing-Audit.pdf

4 - Preliminary Steps To Be Taken Before The Purchasing Audit Process.mp4

15:04

3 - Internal Audit of Purchasing Stages

5 - A-Complete-Guide-for-Purchasing-Audit.pdf

5 - Internal Audit of Requisition Stage.mp4

09:28

6 - Internal Audit of Request for Quotation Stage.mp4

08:00

7 - Internal Audit of Purchase Order PO Stage.mp4

10:42

7 - Internal-Audit-Program-for-Purchasing.pdf

8 - Internal Audit of Acceptance Receiving Stage.mp4

11:29

4 - Internal Audit of Accounts Payable

9 - Internal Audit of Invoice Processing Payment Stage.mp4

15:30

9 - Purchasing-Internal-Audit-Checklist-Questions.pdf

5 - Segregation of Duties

10 - Segregation of Duties in Purchasing Function.mp4

15:47

Description

Operational Auditing of Purchasing Process

What You'll Learn?

Develop Effective Audit Planning: Learn how to design a tailored audit strategy specifically for purchasing functions.
Understand the Fundamentals of Procurement and Purchasing: Gain a strong grasp of essential purchasing processes, identifying potential risks and control points
Identify and Evaluate Purchasing Controls: Develop a critical eye for assessing the effectiveness of internal controls within the purchasing cycle.
Execute Efficient Audit Procedures: Learn the best practices for conducting purchasing audits.
Master Segregation of Duties for Fraud Prevention: Understand the critical concept of segregation of duties (SoD) in the purchasing process.

Who is this for?

Internal Auditors: Enhance your skills in assessing purchasing processes, identifying control weaknesses, and ensuring compliance.

Procurement Professionals: Gain a deeper understanding of internal audit procedures to strengthen your department's controls and mitigate risks.

Compliance Officers: Learn how to evaluate the effectiveness of purchasing controls within your organization's broader compliance framework.

Finance and Accounting Professionals: Expand your knowledge of auditing techniques and best practices for ensuring financial integrity within the purchasing function.

Students and Aspiring Auditors: Build a solid foundation in internal auditing principles and their application to the critical area of purchasing.

What You Need to Know?

No Worries if You're New! This course starts by covering the essentials of purchasing and internal controls. Even if you don't have direct experience, you'll gain a thorough understanding of the audit process from start to finish.

More details

Description
Course Overview
Unleash your internal audit potential and protect your organization's resources with this in-depth course on auditing the purchasing function. Whether you're a beginner or an experienced auditor, this course provides invaluable insights and actionable strategies to ensure the integrity and efficiency of your purchasing processes.
What You'll Learn

The Fundamentals of Purchasing: Understand the core elements of the procurement process, setting the foundation for effective audits.
Common Purchasing Risks: Identify and mitigate supplier risk, pricing risk, quality risk, compliance risk, and fraud risk.
Pre-Audit Essentials: Master the crucial preparatory steps to optimize your audit strategy.
Stage-by-Stage Auditing: Learn how to audit every phase, including requisition, RFQ, purchase order, acceptance/inspection, and invoice/payment.
Segregation of Duties: Ensure control effectiveness and fraud prevention with a deep dive into this critical concept.
Benefits for You

Protect Your Organization: Reduce financial losses and reputational damage by uncovering vulnerabilities and implementing strong controls.
Improve Efficiency: Identify bottlenecks and opportunities for streamlining the purchasing process.
Enhance Compliance: Ensure adherence to internal policies, external regulations, and industry standards.
Build Confidence: Gain the knowledge and skills to conduct effective purchasing audits independently.
Who Should Enroll
Internal auditors at all levels
Procurement professionals
Compliance officers
Risk management specialists
Anyone interested in safeguarding their organization's resources
Instructor Credentials:
Salih Ahmed Islam
CIA
MBA
Internal Audit Beacon Award Winner of 2023
26 Years of Internal Audit Experience
Enroll Today and Become a Purchasing Audit Expert!
Who this course is for:
Internal Auditors: Enhance your skills in assessing purchasing processes, identifying control weaknesses, and ensuring compliance.
Procurement Professionals: Gain a deeper understanding of internal audit procedures to strengthen your department's controls and mitigate risks.
Compliance Officers: Learn how to evaluate the effectiveness of purchasing controls within your organization's broader compliance framework.
Finance and Accounting Professionals: Expand your knowledge of auditing techniques and best practices for ensuring financial integrity within the purchasing function.
Students and Aspiring Auditors: Build a solid foundation in internal auditing principles and their application to the critical area of purchasing.

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Internal Auditing

Certified Internal Auditor

Sali̇h Ahmed Islam

Instructor's Courses

A seasoned internal audit professional with over 25 years of experience, I specialize in risk mitigation, control enhancement, and driving operational efficiency. Currently serving as Group Internal Auditor at the renowned French retail leader Groupe Rocher, I bring expertise across multiple brands and global markets.My passion lies in implementing data analytics to uncover fraud and inefficiencies within diverse sectors like FMCG, retail, and manufacturing. I take pride in developing policies, procedures, and process maps that strengthen both central and subsidiary operations. As a dedicated trainer, I empower teams through internal audit training, loss prevention, fraud awareness, ethics, and internal control sessions.Beyond my professional roles, I'm also a published author with two books on internal audit, including a bestseller. My drive is to train and continuously learn within the dynamic field of internal auditing.

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