Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter

More documents

Recommendations

Info

Accounts Payable Process – Key Activities• Invoice Receipt, Archiving and Storage• Invoice Validation, Reconciliation andAudit• Routing and Approval• Disbursement Planning• Settlement• Handling Vendor Queries• Visibility / Access to Spend Data3 © 2009 Protiviti Inc. An Equal Opportunity Employer.CONFIDENTIAL: This document is for your company's internal use only and may not be copied nor distributed to another third party.
Trends in Internal Audit Focus / Coverage ConsiderationsPossible P2P Implications• Financial risks – 41% have increased coverage• SOX – 64% remained the same or decreased• Operations risks – 47% increased coverage• Compliance risks – 65% decreased or remained the same• Credit and liquidity risks – approximately a third increased• Effectiveness of risk management – 35% have increased coverage• Company exposure to 3 rd parties in financial distress – 39% have increased coverage• Cost reduction/containment – 47% increased coverage• Model validation – 47% decreased or remained the same• Off-shoring/vendor risks – 19% increased• Reputational risk – 69% remained the same or slightly decreasedSource: 2009 GAM Presentation by Richard Chambers, President of the IIA4 © 2009 Protiviti Inc. An Equal Opportunity Employer.CONFIDENTIAL: This document is for your company's internal use only and may not be copied nor distributed to another third party.
Page 1 and 2: Auditing for Value in the Procure t
Page 3: Overview of ProcurementMost organiz
Page 7 and 8: Internal Audit Coverage Considerati
Page 9 and 10: Potential Focus Points and Impact O
Page 11 and 12: Data Analysis Approach OverviewProj
Page 13 and 14: Example Output and Analysis Results
Page 15 and 16: Example Output and Analysis Results
Page 17 and 18: Procurement Process ReviewFraud Ind
Page 19 and 20: Selected Accounts Payable MetricsCo
Page 21 and 22: Value Drivers Within P2P Activities
Page 23 and 24: References• Invalid Social Securi

Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?