2020 - Accounts Payable Fraud - Detecting and Preventing AP Fraud

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