Webclass 32 Quiz: 3 ways python can spruce up your P2P audit

Q1. What does 80 – 20 principle imply?

You can get 80% of the result with 20% of the effort

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Once you have got 80% of the result, you still have 80% of the effort to do to get near 100%

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You need to make 80% of the effort to get the first 20% of the result

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Q2. How long does it take to set up a python environment?

5 minutes

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About a week for someone in your IT department

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Q3. Which python library can help you to check if the names of suppliers are more likely to relate to people or to organizations?

SPACY

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PYSIDE

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Q4. How accurate is the SPACY library in predicting whether or not a supplier name relates to a person or an organization?

80%

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20%

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Q5. What can you do to train your python program so that it learns better?

Use the SPACY training library

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When training the python program, use a bigger source file

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When running the python test to identify people, use a bigger source file

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Q6. Which python library did we use to do web-scrapping?

Selenium

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Pandas

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Q7. Why is web-scrapping useful for auditors?

It can help us to check if the supplier has a website (and so is more likely to be real)

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It can help us to look-up a supplier tax number in order to see if the tax number is correct

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It can help us to do other types of checks, for example, obtaining pricing information about products, so that these can be compared to prices of products that your suppliers are using

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It can be used to decide for sure if your supplier is fictitious

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Q8. Once you have identified suppliers that are not found in Google or for whom we cannot find the tax code on a public website, what should you do?

Use XK03, FK03 or MK03 (display vendor) to check the information about the supplier, such as who created the supplier, when they were created and whether or not there is sufficient information and that has supporting documentation concerning due diligence tests.

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Use FBL1N (display vendor line items) to see whether or not there are significant transactions to that supplier and so whether or not the supplier is worth selecting in your sample.

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Talk to the auditee straight away to see why they have fictitious suppliers in their database

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Q9. When might you be suspicious of a supplier, that is actually a person’s name?

When the supplier is not in the "Personnel" supplier account group

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When the supplier is found in LinkedIn to be a member of one of your third-parties (for example, they are the sales director of your customer)

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When the supplier is found to be the CEO of a very small one-person company, operating out of a residential address, but with whom you do over 1M USD of business with

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When the supplier is found to be a member of the local government in the country where your entity is operating and to whom you are paying round amounts to

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When the supplier is actually in the personnel supplier account group

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Q10. Why is it useful if the auditor has access to some read-only SAP TCODES during their audit?

Because the auditor can save a lot of the auditee's time and their time by being able to check first in SAP if there is any supporting documentation or explanation for the strange supplier that they have found in the supplier list

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Because the auditor will want to double-check their ideas with what they see in SAP, before questionning the auditee, so that they can get more background information and confirm or unconfirm the supplier as being a relevant supplier to select for Due Diligence or Contract reviews

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The auditor should never have access to the SAP system, all of their requests should go through the entity and the entity should only provide Excel reports from the system

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Webclass 32 Quiz: 3 ways python can spruce up your P2P audit

Webclass 32 Quiz: 3 ways python can spruce up your P2P audit

admin June 9, 2026

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