Accounts Payable Fraud - Detecting and Preventing AP Fraud 2019

Topics

• Who commits fraud
• Statistical overview of the fraud problem
• Lessons from fraudsters
• Why employees commit fraud (The Fraud Triangle)
• Check fraud and tampering
• Vendor/billing fraud schemes
• Fraudulent AP financial reporting
• ACH fraud
• Conflicts of interest
• Kickbacks/bribery
• Conducting a Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud
• P-Card fraud
• Implementing an organization-wide system for detecting, preventing and investigating fraud
• The Fraud Risk Mitigation Cycle
• Additional General Detection Methods
• How Frauds Are Most Often Detected
• Examples of Fraud Audit Techniques at Work
• Data Mining/Analytics for fraud detection
• Who Should Manage Anti Fraud Activities for AP
• Internal Controls and Other Fraud Prevention Measures:
• General controls: Segregation of Duties, Delegation of Authority, Background Investigation
• Internal Controls: Do`s and Don`ts
• Specific AP Operations-Level Controls

Who should Attend

• Accounting and audit practitioners
• Internal and external audit professionals
• Senior financial management seeking to reduce their vulnerability to costly frauds
• AP managers
• Compliance and ethics managers
• Procurement and payables specialists
• Security personnel
• CFO`s/senior financial managers