Thursday, August 24, 2017

Focus & Features

Purchasing as a function has significantly evolved over time. With the increasing pressure to reduce cost at the entity level, do more with less, and an external environment with volatile commodity prices, this function is no longer a simple responsibility of creating a purchase request and placing a purchase order with the suppliers.

Far beyond its original core, it now requires a significant amount of knowledge and expertise across the broad fields of finance, product supply, engineering, and commercial activities. Therefore, this necessitates looking at the function at an end to end level where an understanding on how supplier’s products or services are eventually integrated to an entity’s internal systems.


What You Will Learn

This program will provide an end to end Purchases Audit Training:

Sourcing – Vendor Master Data – Procurement – Accounts Payable

Purchase to Payment Strategies

  • Enterprise Strategies
  • Evolution of the Purchasing Function
  • P2P Design & Planning
  • Purchasing of Goods, Services and others
  • Costs of Purchasing
  • Organization Design
  • Cross Functional Participation


  • The Sourcing Process
  • Commercial Agreements
  • The Purchase Invoice
  • Purchase Claims

Vendor Master Data

  • Creation of Vendor Accounts
  • One-Time-Vendors
  • Vendor Payment Details
  • Review of Vendor Accounts


  • Requisition
  • PO Creation and Monitoring
  • PO Exceptions Handling

Accounts Payable

  • Invoice Processing and Recording
  • Invoice Monitoring
  • The 3-way match
  • Credit Notes and Adjustments
  • AP Account Review and Supplier Statement Reconciliation

Measuring P2P Performance

  • Typical P2P Scorecard
  • Benchmarking and Reengineering

Executing a P2P Audit

  • Creating an Engagement Plan
  • The Engagement Plan Template
  • Management Alignment
  • Executing the Audit
  • Fraud awareness
  • Common Forms of P2P Fraud
  • Case Study and Group Discussion

Who Should Attend

The seminar is ideal for Audit Leaders, Supervisors, and Managers.

Facilitator: Ms. Rya Aissa Santos – Agustin, CIA, FLMI

                      Internal Audit Practitioner

Schedule: 9 September 2017
 8:30am – 5: 00 pm

Venue:  St. Giles Hotel, Makati Ave., Makati City


Seminar Investment: 

Member’s Rate: Php4,500

Non-Member’s Rate: Php6,000

No. of CPE Credits : 9*

* IIA Certifications

*BOA Accredited CPD Provider


Seminar Inclusions:

  • Seminar Kit
  • Certificate of Participation
  • AM & PM Snack, Buffet Lunch


How to Enroll:

  •  email at or fax to 325.0414
  • call us at 238-8888 loc 8962 and look for Sheena Malapitan or  Thei Mendoza
  • Click here to register online