Description

Whether we like it or not, the threat of fraud is with every organization, regardless of size. Crooks don’t discriminate; they steal wherever they can. It is critical that the accounts payable function be constructed in such a manner that it will be difficult for a fraudster to penetrate it.

This, unfortunately, is a lot harder than it sounds. With advances in technology, changes in regulatory requirements and a continued focus on keeping costs to a minimum, it is more difficult than ever to structure your payment function to keep risks to a minimum.

This course covers how to:

• Identify potential segregation of duties issues
• Recognize commonly overlooked internal control weaknesses.
• Discover how to implement best practices to thwart all types of payment fraud (ACH, check, p-card and expense reimbursement)
• Discover how to create a consistent internal control protection framework
• Recognize how to mitigate practices that unintentionally facilitate fraud