Accounts Payable: 25 Common Payment Frauds and How to Stop Them
Date: Fri, Feb 15, 2013
Time: 02:00 P.M. ET
Duration: 1 hour
Category: Accounts Payable
Function: CFO, Controller, Accounts payable manager and staff, Internal auditor, Business owner.
What you don't know about new corporate fraud schemes could hurt your bottom line. Learn what new forms of fraud are plaguing accounts payable departments, how to mitigate those risks, and more importantly, how to prevent such schemes from eating away at your profit.
Learn to implement low-cost, highly-effective best practices and internal policies to ferret out fraudsters who take aim at the AP department. Join accounts payable best practices expert Mary Schaeffer as she walks participants through 25 schemes -- some fewer than six months old -- and offers advice and tactics for detecting and dealing with the problem. Fraud schemes discussed include invoices for goods and services that were never ordered; checks printed with your company's bank information but using another entity's name; and positive pay rejections that are resubmitted as an ACH debit.
During this Webcast, you will learn how to:
- Examine fraud across the entire payment spectrum -- checks, purchase cards, and electronic payments;
- Gain a better understanding how fraud is perpetrated in all organizations -- regardless of size or industry;
- Identify new payment frauds that emerged in the last six months and implement practices to thwart these new threats; and
- Create internal best practices for fraud detection and prevention before the schemes take hold of your AP department.
This Webcast does not currently offer the opportunity to earn continuing professional education (CPE) credit. We invite you to stay tuned to CFO.com for future Webcasts that will offer attendees opportunities to earn CPE credit.
For inquiries or complaints concerning this Webcast, please call (888) 250-5719.
About the Presenter
Mary Schaeffer is a leading author on accounts payable best practices and an expert on the changing responsibilities of accounts payable operations. She is editorial director of AP Now, a leading source of accounts payable information for the business and finance community, and author of the book Accounts Payable and Sarbanes-Oxley: Strengthening Your Internal Controls (John Wiley & Sons) and 15 other business books. Before turning to writing and consulting full time, she worked in the finance and treasury departments of several large companies, including The Equitable Life Assurance Society and Olympia & York.
About CFO Learning
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