This 90-minute webinar will guide you through the critical steps in ensuring strong controls for the Accounts Payable (AP) function and provide practical ‘how to’ guidance for minimizing your organization’s exposure to AP fraudsters.
Why Should you Attend:
According to the Association of Certified Fraud Examiners, businesses suffer an average of $155,000 every time an insider commits fraud. More disturbing: Billing schemes 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.
Learning Objectives:
- Conduct a quick and cost-effective fraud risk assessment for client AP operations
- Implement effective AP fraud detection techniques and build audit practices to detect red flags of AP fraud
- Implement best-practice anti-fraud control strategies for AP
- Advise management on fraud risk mitigation through transaction monitoring, technology/information technology tools and low-cost internal controls
- Recommend better anti-fraud management structure (Board of Directors/Executive Management, Line Management, Compliance, General Counsel, etc.)
Who Should Attend:
- Internal and External Audit Professionals
- Accounting and Audit Practitioners
- AP Managers
- Senior Financial Management seeking to reduce their vulnerability to Costly Frauds
- Procurement and Payables Specialists
- Compliance and Ethics Managers
- CFO’s/Senior Financial Managers
- Security Personnel