How to do P2P Audit - CPIA | Sachin Hissaria

Hello Everyone, Session Summary provided below - CPIA Audit Course Objectives The new course provides practical experience in internal auditing across domains like procurement and order management. Training focuses on conceptual understanding and documenting process gaps in risk matrices. Procurement Audit Controls Auditors must evaluate vendor master database security and analyze procurement data to identify cost inefficiencies. Reviewing purchase order listings helps prevent the circumvention of established approval hierarchies. Fraud Detection Techniques Senior assessments emphasize identifying fraud indicators like duplicate invoicing and anomalies in vendor profiles. Course participants will learn to verify control effectiveness to mitigate process failures. Here are the timestamps and topic names for the YouTube video upload: 00:01:44 - Introduction to the Certified Practical Internal Auditor (CPIA) Course 00:02:16 - Course Objectives: Practical Exposure to Internal Audit Domains 00:06:16 - Detailed Discussion: Procurement to Pay (P2P) Process Overview 00:10:00 - Key Steps in the P2P Life Cycle: From Requisition to Payment 00:13:32 - Starting an Audit: Reviewing Standard Operating Procedures (SOP) 00:15:32 - Real-Life Example: Reviewing a Procurement SOP Document 00:20:00 - Case Study: Analyzing Vendor Selection for Transportation Services 00:26:08 - Auditor's Perspective: Identifying Suspicious Vendor Quotations 00:31:04 - Presenting Audit Observations and Excessive Cost Gaps to Management 00:44:08 - Building the Risk and Control Matrix (RCM) with Dummy Data 00:47:48 - Common Interview Questions and Fraud Indicators in P2P 00:56:52 - Benefits of the CPIA Course for IT Auditors 01:00:32 - Closing Remarks and Training Schedule Thank you so much for watching. If you found this video helpful, don’t forget to like, share, and subscribe to the channel to stay updated on future content. #CISA #TehcEd #isaca LinkedIn -   / sachin-hissaria     / teched-academy   Instagram -   / sachin_hissaria     / techedacademy   Twitter -   / sachin_hissaria