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Internal Audit IT Audit Info Security
Internal Audit IT Audit Info Security
Auditing Procurement Card Systems - OAP224 
Safeguarding Your Company From Major AP Risks That Threaten Every Organization
Learning Level: Basic
CPEs: 16 Fee: $1,695.00
Focus and Features Who Should Attend Agenda Register
Agenda

  1. The Credit Card Contract
      - Basic contract language
      - Essential contract issues
      - Who is liable for what?
  2. Recent P-card frauds and how they could have been detected and prevented
  3. Procurement Card Best Practices
      - Policies and procedures
      - Training 
      - Centralized vs. decentralized card administration
      - Activating and deactivating cards
      - Levels of authorization
      - Paperwork
      - Setting up an audit trail
      - Dealing with disputes
      - Assigning and distributing cards
      - Prudent card design
      - Reducing risk of misuse
  4. Key Documents to Look At
      - Purchase guidelines
      - Contracts
      - Card issuer agreements
      - Dispute resolution practices
      - Merchant Category Codes
      - Cardholder lists
      - Active card list
  5. Merchant Category Codes (MCC)
      - Awareness of what they are and what they are not
      - Spotting errant MCC codes
      - Hidden surprises
      - How cardholders defeat the MCC codes
  6. Required Documentation for All Purchases
      -     Receipts
      - Invoices
      - Itemizations
      - Manual and automated logging
  7. Controlling Purchases over the Internet
      - A golden opportunity for fraud
      - Finding these in the stack of purchases
  8. Inappropriate P-card Purchases you WANT to find, but May Not Know How to Spot
      - Cash advances
      - Refunds
      - Gift certificates
      - Exchanges
      - Redirecting services
  9. Audit and Evolution Procedures
      - Documentation
      - Reconciliation
      - Managing the Merchant Category Codes
      - Closing the door to abuse
      - Technical administration
      - System security
      - Approving the cards
      - Monitoring card usage
      - Approving card purchases
      - Approving payments to the card issuer
      - Verifying receipt of goods and services
      - Retaining purchase documentation
  10. Audit Testing
      - Purchases to key in on
      - Unusual vendors to look out for
      - Finding irregularities, splitting, theft, personal use, kickbacks
  11. Planning for the Audit
      - When to audit
      - Budgets
      - Technical resources
  12. Applying Continuous Auditing

 

 
REGISTRATION QUESTIONS?
For questions about your registration, government and team discounts, or multiple registrations, please call Linda Ronconi at (508) 879-7999, ext. 501 or e-mail mis@misti.com.

IN-HOUSE SEMINARS
This seminar is available in-house. For more information about bringing this or other MIS seminars to your organization, please call Mimi Hatch at (410) 692-2465 or e-mail mhatch@misti.com.

 


Dates/Locations
May 14 - 15, 2013
Chicago
October 3 - 4, 2013
Washington