Accounts Receivable - Fraud Detection, Prevention, and Deterrence

This webinar will cover how companies can deter the likelihood of AR frauds through strengthening internal controls by numerous methods to detect, prevent, and deter frauds. We’ll focus on the most common accounts receivable schemes and the top ten internal controls that prevent fraud.

Why Should You Attend:

Most accounts receivable fraud schemes and any other types of business frauds are successfully perpetuated due to the absence or insufficiency of basic internal controls. Nonetheless, this still doesn’t mean that the implementation of internal controls can make a company or business enterprise totally protected against fraudsters. But having the knowledge of possible fraud schemes and gaining the awareness of key controls can assist in the detection, prevention, and deterrence of fraud.

The most difficult fraud schemes to uncover are those that have rigid internal control standards but are circumvented by way of connivance. In cases like these, fraud is often carried out by way of organized or systematic methodology, and their discoveries are often instigated by whistleblowing acts.

By attending this webinar you will learn how can you deal with AR fraud and what are the internal controls that can be implemented at your organization.

Areas Covered in the Webinar:

• Key Fraud Risks within the AR Process.
• Types of AR Fraud

Fraud Committed by Employees

• Lapping
• Fraudulent Write-offs
• Stolen Statements
• Force Balancing
• Diversion of Payments
• Fictitious Accounts and Sales

Fraud Committed by Customers

• Phony Customers
• False Returns and Rebates
• Diversion of Product
• 10 Top Internal Controls that Prevent AR Fraud
• What to do if you suspect a fraud?
• Case Studies and Examples
• Questions and Discussion

Who Will Benefit:

• Financial Officers
• Controllers
• Account Receivable Executives
• Credit and Collection Executives
• Risk Officers
• Internal Auditors