Controlling Purchasing Card Risk

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OnDemand Webinar
Audio & Reference Manual
MP3 Download

Mitigate risk and assess the fraud potential of payment cards with a complete look at strategy, policy and procedures.

A purchasing card program is a best practice that has wide adoption, but may be seen as a siloed, Procurement or Accounts Payable Dept. initiative, with unawareness of how it fits into the organizational supply chain strategy. It’s susceptible to misuse and fraud, inadequate oversight and control, and has risk for financial loss, enormous reputational damage, and underperformance of business objectives. This ondemand webinar focuses on helping program champions, managers, administrators and staff, to effectively assess risk and establish needed internal control measures. This is essential as even small missteps in purchasing card programs can have irreparable reputational impact. It will also help program management to identify information that better informs risk management activities and communicates program results.


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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

P Card Program

  • Where Does the Card Program Fit Into Your Organization Strategy and Goals?
  • Adapting Policies and Procedures That Align With Company Strategy

Risk Assessment

  • Payment Landscape
  • Transactions More Prone to Risk (incl. Cybercrime)
  • Types of Risk - Reputational, Fraud, Misuse - Red Flags

Internal Control and Governance

  • Preventive Controls

– Policies and Procedures/Training

– Cardholder

– Spending

– Transaction

– Supplier/Merchant Controls

  • Detective Controls

– Reconciliation, Review, Audit and Data Analytics: Continuous Monitoring and Analytical Auditing

Reporting Best Practices

  • Communicating With Management and Constituencies
  • Meaningful Metrics and KPI's

Questions and Answers

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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on June 23, 2015.

Call 1-866-352-9540 for further credit information.

  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE
     
  • This course will qualify for 1.5 live credit hours through the Alabama State Board of Public Accountancy.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Georgia State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Iowa Accountancy Examining Board.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for self-study CPE credit through the Indiana State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Kentucky State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Maine State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Michigan State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for self study CPE credit through the Montanta Board of Public Accountants.* *Please check the rules and requirements in your state for CPE compliance and calculate the amount of credit hours you can claim for self study courses.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the North Dakota State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the New Hampshire Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Nevada State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE 1.5
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.5 hours of continuing professional education.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Virginia State Board of Accountancy.* *Please check the rules and requirements in your state for CPE compliance.
     
  • CPE
     
  • This program MAY QUALIFY for CPE credit through the Wyoming Board of Certified Public Accountants.* *Please check the rules and requirements in your state for CPE compliance.
     

Audio & Reference Manual

No credit available.

MP3 Download

No credit available.

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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Alan J. Goldberg

Alan J. Goldberg

Triplet Advisory Services

  • Principal, Triplet Advisory Services
  • Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA)
  • Internal audit and consulting professional serving diverse industry clients in risk assessment, internal control evaluation, design and effectiveness, policy documentation, business process improvement and advisory; strong working capital area focus - P Card, purchase to payment, supply chain; professional services experience includes KPMG LLP Advisory Services, BDO Seidman LLP Risk Advisory and peer, risk advisory firms
  • Purchasing card consulting and audit; assisted numerous clients in assessing, planning, RFP, card provider evaluation, deploying and auditing card programs
  • Presenter: “Managing Fraud Risk: The Real Fraud Flatfoots”, 2013 Risk Summit; Speaker “The Auditors Perspective” to conference of higher education purchasing card administrators
  • Wrote: NAPCP TransAct newsletter - Risk & Audit; “The Imperative of Spending Analytics for a Purchasing Card program” - National Association of Purchasing Card Professionals (NAPCP) educational repository; occupational fraud articles, Volunteers Insurance Services Organization, Inc. Connections newsletter, and for the Non Profit Quarterly (NPQ) journal; also publishes on own website Triplet Advisory Services
  • M.B.A. degree, Sawyer School of Business, Suffolk University; B.A. degree, Northeastern University
  • Member, National Association of Purchasing Card Professionals (NAPCP), Institute of Internal Auditors - IIA
  • Can be contacted at 508-878-5570, [email protected] or on Twitter® @alan_j_goldberg
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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 396212
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