This training on detecting and preventing accounts payable payment fraud will explain the several types of payment fraud that occur in today’s business environment. It will provide you the tools to safeguard your accounts payable process from potential fraud.
This webinar will discuss several key areas to investigate, how to uncover fraud, and put a plan in place to prevent it going forward. It will cover duplicate payments where a simple quarterly scan can uncover potential issues. By identifying some strategic areas to review, you can educate your staff on what to look for and modify some applications, either internal or vendor developed, to identify potential hazards. With these two steps alone, you may be able to pinpoint leakages that otherwise may go unnoticed.
Instructor will also discuss abnormal payment volumes, check/wire amounts, addresses, and the like. These steps can be taken to monitor, detect, and mitigate fraud in accounts payable.
Why Should You Attend:
Internal fraud is has been around long before Sarbanes-Oxley and will be with us when we retire. According to the Association of Certified Fraud Examiners (ACFE), it is estimated that 5% of all revenue is lost to occupational fraud every year. Fraud is not completely preventable but there are steps you can take to systemically prevent and detect fraud on an ongoing basis.This webinar will discuss several key areas to investigate, how to uncover fraud, and put a plan in place to prevent it going forward. It will cover duplicate payments where a simple quarterly scan can uncover potential issues. By identifying some strategic areas to review, you can educate your staff on what to look for and modify some applications, either internal or vendor developed, to identify potential hazards. With these two steps alone, you may be able to pinpoint leakages that otherwise may go unnoticed.
Instructor will also discuss abnormal payment volumes, check/wire amounts, addresses, and the like. These steps can be taken to monitor, detect, and mitigate fraud in accounts payable.
Areas Covered in the Webinar:
- Data gathering
- Establishing the scope and objectives
- Assessing your risk and resources
- Quality of policies, procedures, and limits
- Risk assessment for specific payment types
- Specific incidences to research
- Management approach
- Summary
Who Will Benefit:
- Accounts Payable Managers
- Payments professionals
- Operations managers
- Cash management product and sales staff
- Treasury managers
- Commercial bankers
- Corporate treasury professionals
- Payments network providers
- Payments processors
- Any corporation that pays bills
- Mid-sized to large corporations
Course Provider
Ray Graber,
