Internal Auditing For Supply Chain Fraud
What you'll 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.
Requirements
- Prerequisite: Exposure to managing the internal audit function
- Advanced Preparation: None
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.
Who this course is for:
- Anyone interested in Finance, Accounting, Auditing and related fields.
Instructors
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Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
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From 1985 through 1995, Norman Katz had career positions from Programmer to Business Systems Analyst to Information Technology Manager while working for recognized brand-name companies including Fotomat, Tropicana Products, Hanes, and Gitano.
Norman decided to chart his own course and started Katzscan Inc. on January 1, 1996.
Katzscan’s business model is focused on aligning supply chain business processes and business software applications (Automatic identification, Electronic Data Interchange (EDI), and Enterprise Resource Planning (ERP) systems); improving operational performance; establishing and maintaining productive customer & supplier relationships; transforming data into meaningful information; and assessments for fraud.
Norman is a Florida Private Investigator, Lean Six Sigma Black Belt, a Certified Fraud Examiner (CFE), a Certified Fraud Specialist (CFS), a Certified Controls Specialist (CCS), and has a Certification in Corporate Governance from Tulane University College of Law. Norman is a certified Microsoft Office Specialist for Office 2010 and was Adjunct Instructor of Information Technology at the North Miami campus of Johnson and Wales University from March 2011 through February 2015.
Norman is published numerous times in the U.S. in various trade magazines on the topics of supply chain and fraud and is a repeated national and international speaker. Norman’s first book, Detecting and Reducing Supply Chain Fraud, was published in August 2012. Norman's second book, Successful Supply Chain Vendor Compliance, was published in December 2015. Both books are published by Gower/Routledge Publishing.
Norman graduated from the University of Florida in 1985 with a Bachelor of Science in Business Administration majoring in Computer Information Sciences.
Experience
President : Katzscan Inc. - [1996-01 to Current]
Katzscan’s business model is focused on aligning supply chain business processes and business software applications (Automatic identification, Electronic Data Interchange (EDI), and Enterprise Resource Planning (ERP) systems); improving operational performance; establishing and maintaining productive customer & supplier relationships; transforming data into meaningful information; and assessments for fraud.
Several : Various employers - [1985-07 to 1995-12]
Career positions progressing from Programmer to Senior Programmer Analyst, Business Systems Analyst and Information Technology Manager. Employers included Fotomat, Tropicana Products, Sara Lee / Hanes and Gitano.
Education
Bachelor of Science in Business , Computer Information Sciences : University of Florida - [1980 to 1985]