Accounts Payable Fraud: Detection and Prevention Essentials

Description

Do you know why A/P is the biggest risk in small and midsize entities? Join us to learn the simple, zero cost ways that will assist you in virtually eliminating the risks involved in your A/P accounting practices. The instructor, Peter Goldmann, will cover a wide range of vendor fraud topics and discuss some cases of these types of fraud. A great webinar for understanding and lowering the risks in regards to A/P.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

Goldmann will explain the risks and show you cases of Accounts Payable fraud including:

• How much is A/P fraud in SMB
  
• Why A/P fraud is a bigger risk the smaller the entity
  
• Financial and non-financial warning signs of A/P fraud
  
• Simple low and zero cost controls for A/P fraud
  
• Similarities and differences between internal and external A/P fraud
  
• A/P fraud risks for employee and management level

Objectives

After this class you will ...

• Know what Accounts Payable fraud "looks like" in your accounting records
  
• Be able to use simple procedures that minimize employee A/P fraud
  
• Know how to minimize external A/P fraud
  
• Know why going to the post office is a great control
  
• What records and information to check to validate new vendors
  
• How to analyze pricing and competitive bidding patterns to spot fraud

Designed For

CPAs, CFOs, controllers, bankers (only if you want the loan repaid), executives (reduce fraud = more profits), internal auditors, regulators, attorneys, compliance officers, risk managers