Accounts Payable Theft and Fraud: An AP Management Guide to Help Detect and Prevent Employee Theft and Fraud

Often, an organization’s most vulnerable area is its accounts payable (AP) operations, where the lack of effective internal controls could pave the way for fraudulent activities and theft. This course will focus on best practices for detecting AP fraud, red flags and indicators of AP fraud and how to prevent it, while elaborating the various fraud and internal fraud categories.

Why Should You Attend:

Accounts payable (AP) fraud is one of the easiest and most committed fraud but difficult to detect as it can be duplicated and easily camouflaged. AP is one of the more vulnerable areas susceptible to fraud as well, hence it is increasingly important to recognize and properly react to possible AP fraud. The AP department should focus on how to deal with employee theft and fraud and how to implement strong internal controls to reduce the risk of AP fraud.

The webinar will increase management and auditors’ abilities to detect fraudulent AP activities carried out by trusted employees and minimize the chances of successfully executing the same. It is designed to provide participants with an in-depth knowledge of:

• Types of AP fraudulent activities prevalent within the workplace
• Red flags and indicators for AP fraud
• Internal control mechanisms to fight AP fraud within the corporate environment

Areas Covered in the Webinar:

• Fraud and Internal Fraud Categories
• Best Practices for Detecting AP Fraud
• How to Conduct Effective AP Fraud Management
• Red Flags and Indicators of AP Fraud and How To Prevent It
• Internal Controls and Other Fraud Prevention Measures
• Fraud Risk Management and Preventive Internal Controls
• Methods for Detecting Fraud
• Vendor/Billing Fraud Schemes
• Fraudulent AP Financial Reporting
• Response and Recovery Strategies to AP Fraud

Who Will Benefit:

• Internal and external auditors
• Risk managers
• Security officers
• Executive management
• Supervisors
• Fraud examiners
• Audit management
• Accounts payable management