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Detecting and Preventing Accounts Payable Fraud (MLCA30O)
Recognize the Red Flags of Possible AP Fraud with Our Expert
Accounts Payable (AP) is the one business function that is more vulnerable to fraud than almost any other.
Reason: All funds that flow out of the organization must first pass through AP. Without ultra-robust anti-fraud controls for every process in the AP function, fraudsters have opportunities to embezzle funds through forged checks, phony vendor schemes, billing scams and other potentially costly frauds. It is therefore essential that key AP staff and other personnel be familiar with the wide variety of AP frauds that can target the organization by outsiders as well as employees.
Join Peter Goldmann for this information packed session, and get the key information about how to detect the signs of potential AP fraud as well as the critical control procedures to protect the organization against these crimes.
Here is an insight to what you will be able to learn through this riveting session:
How to recognize the red flags of possible AP fraud
Internal vs. external AP fraud
Auditing for AP fraud
How to minimize the risk of being victimized by AP fraudsters
Peter Goldmann is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. The newsletter is in its 15th year of public...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.