Internal Auditing For Supply Chain Fraud

This course discusses ways to unite operational process improvement with risk management to reduce risk due to fraud.

3.63 (4 reviews)
Udemy
platform
English
language
Other Finance & Economic
category
11
students
1 hour
content
Oct 2020
last update
$19.99
regular price

What you will learn

Illustrate the enterprise’s true control over its supply chain.

List the tried-and-true supply chain technologies that are widely used and can be deployed for fraud detection.

Visualize how available supply chain technologies can be used together to create a check-and-balance transaction audit for detecting fraud.

Compare your enterprise to industry statistics on audit technologies and fraud detection.

Description

The supply chain includes the movement of raw materials, components, finished goods, documents, money, services, and data.  The all-inclusive supply chain is not limited to activities between an enterprise and its customers and vendors: it describes interactions between internal suppliers and internal customers as well, regardless of their domestic or global location. Gaps in supply chain links – where controls are not present or lacking – and weak links themselves are areas where opportunists can perpetrate fraud.

Recommending anti-fraud projects to executive management can be problematic because it is difficult to put a price on protecting against something that has not happened or is not visible yet. Without a definitive return-on-investment, determining a suitable budget amount for anti-fraud and risk-reduction projects is an inexact science.  The rest of the enterprise may reject what they perceive to be authoritarian actions of auditors and risk managers to police a "low visibility" problem, especially if operational efficiency or throughput is compromised.  

A better approach is to unite process improvement with risk management by utilizing the same software technologies, operational best-practices, compliance rules, governance guidelines, and performance measures to increase efficiency, accuracy and throughput and also to reduce risk due to fraud by enhancing oversight without inhibiting performance. 

Collaborative efforts between the operations and audit groups, and the understanding of each other's perspectives on the same information, enables greater understanding and mutual participation towards the shared goals of the enterprise.

Content

Introduction

Introduction
Audit's Role and Perspectives
Definitions
Detection and Reduction
Helpful Technologies
The Vendor Scorecard and Conclusion

Supporting Materials

Slides: Auditing For Supply Chain Fraud
Auditing For Supply Chain Fraud Glossary/Index

Review and Test

Review Questions
FINAL EXAM

Screenshots

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Related Topics

1348624
udemy ID
9/12/2017
course created date
2/10/2021
course indexed date
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