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Best Practices on Preventing Accounts Payable Fraud
The ugly truth is that every organization is likely to be targeted for fraud by both outsiders and a few insiders. Sticking your head in the sand and pretending it won’t happen in your organization is irresponsible. Everyone needs to take steps to protect the organization, and accounts payable is no exception. Fraud in accounts payable is especially vicious as the department is intimately involved with the organization’s money on a day-to-day basis.
In this information-packed session with expert speaker Mary Schaeffer we’ll begin by discussing best practices every organization should implement to create a fraud prevention environment. We’ll also address the specifics of accounts payable: invoice fraud, master vendor file fraud and the newest type of fraud: outsiders taking advantage of your employees.
After this session you will be able to:
Develop best practice processes to protect accounts payable
Create processes to weed out duplicate copies of invoices, one of the leading causes of duplicate and fraudulent payments
Identify situations where employees could defraud the organization by manipulating the master vendor file
Set up strong controls to prevent exploitation of vendor file data
Identify potentially fraudulent emails from your CEO, CFO and other executives
NASBA Category of Study: Accounting
Who Should Attend
Accounts payable managers, directors, supervisors, analysts and processors
Mary S. Schaeffer, a nationally recognized accounts payable expert, founded AP Now, a membership organization focused on creating business intelligence around the accounts payable and payment function. She has written 18 business books and is a frequent and popular speaker at both online and live ev...