To optimize the learning experience, all participants are required to be equipped with a window laptop, pre-installed with Microsoft Excel version 2016 and latest.
 

With increasing reliance on technology to streamline the accounts payable (AP) process, organisations face growing risks related to fraud, errors, and compliance failures. Are these risks costing your organisation more than expected?

This course explores key risks in the Accounts Payable (AP) process and how data analytics can strengthen control activities. Through case studies and hands-on exercises, participants will learn to identify AP risks and assess control effectiveness. Participants will also learn to design measures to mitigate the identified risks which will contribute to a strong organisational control environment.
At the end of this course, you will be able to:

1. Identify and assess key risks within the accounts payable process.
2. Apply data analytics techniques to detect irregularities and enhance controls.
3. Implement effective controls to mitigate AP risks.
4. Develop strategies for continuous monitoring and compliance.

Programme Outline

Identifying Accounts Payable (AP) Red Flags and Designing Control Measures

• Common red flags in AP: fraud, errors and inefficiencies
• Internal controls framework for AP: preventive, detective and corrective measures
• Role of data analytics in strengthening AP risk detection and compliance processes
• Real-world case studies highlighting control failures and lessons learned
   

Leveraging Data Analytics in AP Controls

• 6 essential steps of data analytics process: Define, Prepare, Process, Analyse, Present, Implement
• Effective data visualisation and story-telling of the AP environment
• Hands-on data analysis exercises using MS Excel to identify red flags with sample AP and Travel & Entertainment datasets
   

Strengthening Compliance and Continuous Monitoring

• Proactive identification of potential AP control gaps
• Address AP key risks through consistent and periodic review of data
• Integrate AP compliance into daily workflows
• Implement AP Key Process Indicators (KPIs) to track compliance status

Training Methodology*

Intended For

This course is designed for finance professionals, AP managers, auditors, and compliance officers looking to strengthen the AP processes, including early identification of potential red flags in AP, and improving internal controls through data analytics.

Programme Facilitator(s)