CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounts Payable Fraud Prevention Tactics: New & Ignored Established Control Practices

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 Credits: Accounting

Course Description

When it comes to fraud prevention, strong internal controls are front and center. They provide the very groundwork for fraud deterrence and prevention. And, they are an integral part of every effective accounts payable function. What is surprising is that even though most organizations know what these practices are, they often choose to take shortcuts and ignore some of them. What’s more, they don’t stay constant, unfortunately. So, this means that internal controls need to be reviewed on a periodic basis.

In this course, industry expert, Mary Schaeffer identifies frequently ignored internal control best practices. Mary also introduces new best practices, including those for the master vendor file.

Learning Objectives

Upon successful completion of this course, participants will be able to:

 

§Identify new control practices that will help stop fraud in accounts payable.

§Pinpoint problems likely to occur if strong control practices in AP are ignored.

§Delineate problems created by new types of fraud focused on the master vendor file.

§Reveal internal control practices for the master vendor file every firm should use to deter fraud.

§Show how poor controls make fraud more likely. 

Course Specifics

Course ID
1193490
Revision Date
July 30, 2019
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Mary S. Schaeffer Headshot
Mary S. Schaeffer, MBA

Mary S. Schaeffer, MBA, has the inimitable ability to find accounts-payable-related solutions that really work—without making a major dent in the bottom line. Armed with a degree in math and a graduate degree in finance, she takes a “roll up your sleeves and dig into the details” approach to finding solutions to those problems that cause migraines for CFOs, controllers, and managers. Fifteen years spent researching and writing about payment issues gives Mary a unique vantage point. Combine that with an almost equal amount of time spent in the corporate trenches of several large finance and treasury departments, and you’ll understand …

Mary S. Schaeffer, MBA Read More »

Accounts Payable Fraud Prevention Tactics: New & Ignored Established Control Practices

Expert Instructors
Format
CPE CREDITS
1 Credits: Accounting

$29.00$49.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 Credits: Accounting

Course Description

When it comes to fraud prevention, strong internal controls are front and center. They provide the very groundwork for fraud deterrence and prevention. And, they are an integral part of every effective accounts payable function. What is surprising is that even though most organizations know what these practices are, they often choose to take shortcuts and ignore some of them. What’s more, they don’t stay constant, unfortunately. So, this means that internal controls need to be reviewed on a periodic basis.

In this course, industry expert, Mary Schaeffer identifies frequently ignored internal control best practices. Mary also introduces new best practices, including those for the master vendor file.

Learning Objectives

Upon successful completion of this course, participants will be able to:

 

§Identify new control practices that will help stop fraud in accounts payable.

§Pinpoint problems likely to occur if strong control practices in AP are ignored.

§Delineate problems created by new types of fraud focused on the master vendor file.

§Reveal internal control practices for the master vendor file every firm should use to deter fraud.

§Show how poor controls make fraud more likely. 

Course Specifics

Course ID
1193490
Revision Date
July 30, 2019
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Mary S. Schaeffer Headshot
Mary S. Schaeffer, MBA

Mary S. Schaeffer, MBA, has the inimitable ability to find accounts-payable-related solutions that really work—without making a major dent in the bottom line. Armed with a degree in math and a graduate degree in finance, she takes a “roll up your sleeves and dig into the details” approach to finding solutions to those problems that cause migraines for CFOs, controllers, and managers. Fifteen years spent researching and writing about payment issues gives Mary a unique vantage point. Combine that with an almost equal amount of time spent in the corporate trenches of several large finance and treasury departments, and you’ll understand …

Mary S. Schaeffer, MBA Read More »

Accounts Payable Fraud Prevention Tactics: New & Ignored Established Control Practices

Expert Instructors
Format
CPE CREDITS
1 Credits: Accounting

$29.00$49.00

Clear