- TypeWebinar
- Location Aurora, Colorado, United States
- Date 23-05-2019
Education/Teaching/Training/Development
Business Development
Finance
Accounting/Financial/Banking/Insurance
OVERVIEW
Accounts Payable (AP) is the one business function that, in many organizations, is more vulnerable to fraud than any other. That is because all funds that flow out of the organization must first pass through AP. And over time, dishonest insiders and vendors have created newer and craftier methods of stealing from organizations by exploiting control weaknesses in the AP function.
It is more important than ever for management to allocate professional and financial resources to eliminating these control weaknesses. This almost always starts with learning about the types of Accounts Payable fraud that can victimize your organization. It is then necessary to determine if proper internal controls are already in place to prevent such crimes from occurring.
From there, internal audit plans must be adjusted to include tests and methodologies for identifying the red flags of possible AP fraud. This enables management to initiate further examination of suspicious findings and ultimately to apprehend offenders and remediate control weaknesses.
WHY SHOULD YOU ATTEND
Businesses suffer an average of $155,000 every time an insider commits fraud according to the Association of Certified Fraud Examiners. More disturbing: Billing schemes (perhaps the most common form of fraud in Accounts Payable in the financial industry) 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.
AREAS COVERED
LEARNING OBJECTIVES
Participants will learn techniques for detecting and preventing Accounts Payable fraud damaging organizations of all kinds, including small businesses and non-profits, and determine how shrewd fraudsters abuse the AP process to embezzle funds for years before being detected—and how to shorten the time before discovery.
The webinar will enable them to quickly recognize the red flags of Accounts Payable fraud in your operations and financial records and will assist in providing cost-effective anti-fraud controls to protect against the growing army of fraudsters both inside and outside their organizations.
WHO WILL BENEFIT
Use Promo Code MKT10N and get flat 10% discount on all purchases
For more detail please click on this below link:
https://tinyurl.com/y269qsnj
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
Learn techniques for detecting and preventing Accounts Payable fraud and know how such frauds impact the organization. Also know how to strengthen the internal controls."
Training Doyens 26468 E Walker Dr,Aurora, Colorado
+1-720-996-1616 Fax No: 80016-6104