Accounts Payable Fraud Detection and Prevention

Date: 24-Jan-17 to 24-Jan-17
Location: GRC Training Solutions / United States
Category: Healthcare & Pharmaceuticals Conferences & Trade Fairs


Accounts Payable (AP) is the one business function that, in many organizations, is more vulnerable to fraud than any other. That is because all funds that flow out of the organization must first pass through AP. And over time, dishonest insiders and vendors have created newer and craftier methods of stealing from organizations by exploiting control weaknesses in the AP function.
Why You Should Attend:

Businesses suffer an average of $155,000 every time an insider commits fraud according to the Association of Certified Fraud Examiners. More disturbing: Billing schemes (perhaps the most common form of AP fraud in the financial industry) are by far the most common fraud schemes threatening organizations, making up nearly one-third of the total. Adding to the problem, check fraud is rising at a rate of 25% per year and criminals are coming up with new high-tech ways of hijacking corporate ACH (Automated Clearing House) accounts.
Areas Covered in the session:

Billing schemes by outside AND internal perpetrators
Check fraud threats
ACH fraud
Information security risks
Kickbacks, bribery and other corruption
Conflict of Interest
Red flags of AP fraud
Detecting best practices
Proven anti-fraud controls for AP
Instructor Profile:

Peter Goldmann is President of FraudAware LLC, the publisher of White-Collar Crime Fighter, a widely read bi-monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and investigators. The newsletter is in its 15th year of publication under Peter’s leadership.

Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons. The book is an in-depth account of the role that fraud played in bringing about the financial crisis of 2008.

For More Details: Accounts Payable Fraud Detection and Prevention | Tel:+1-248-233-2049 |Web:

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