This course provides early career auditors with a clear, practical framework for auditing accounts payable, one of the most common areas subject to risk of material misstatement. Participants will learn how the payables cycle functions, how it impacts financial reporting, and how to identify and respond to risks related to errors, omissions, and fraud—including fictitious vendors, duplicate payments, improper cutoff, and unrecorded liabilities.
Using real world examples, the course demonstrates how to evaluate and test internal controls, perform analytical procedures, and design effective substantive audit procedures consistent with U.S. GAAS and PCAOB standards. Participants will also explore how technology and data analytics enhance detection of anomalies and red flags within accounts payable.
By the end of this training, attendees will be equipped to conduct efficient, risk responsive, and well documented audits of accounts payable that contribute to high quality overall audit results.
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.