Udemy – Internal Audit Of Purchasing Masterclass

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.

Course OverviewUnleash 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 LearnThe 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