Accounts Payable Fraud: Detection and Prevention Essentials (2 hours)

Previous Add to Calendar Next

Apr 24, 2020

Registration: 12:30 PM / Program: 1:00 PM - 3:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Do you know why A/P is the biggest risk in small and midsize entities? Join us to learn the simple, zero cost ways that will assist you in virtually eliminating the risks involved in your A/P accounting practices. The instructor, Peter Goldmann, will cover a wide range of vendor fraud topics and discuss some cases of these types of fraud. A great webinar for understanding and lowering the risks in regards to A/P. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Designed For

CPAs, CFOs, controllers, bankers (only if you want the loan repaid), executives (reduce fraud = more profits), internal auditors, regulators, attorneys, compliance officers, risk managers

Objectives

After this class you will ...

  • Know what Accounts Payable fraud "looks like" in your accounting records
  • Be able to use simple procedures that minimize employee A/P fraud
  • Know how to minimize external A/P fraud
  • Know why going to the post office is a great control
  • What records and information to check to validate new vendors
  • How to analyze pricing and competitive bidding patterns to spot fraud

Major Subjects

Goldmann will explain the risks and show you cases of Accounts Payable fraud including:

  • How much is A/P fraud in SMB
  • Why A/P fraud is a bigger risk the smaller the entity
  • Financial and non-financial warning signs of A/P fraud
  • Simple low and zero cost controls for A/P fraud
  • Similarities and differences between internal and external A/P fraud
  • A/P fraud risks for employee and management level

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.