CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

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

1 Credits: Accounting

$29.00$49.00

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

 Secure Transaction

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

Format
Self-Study
Course Level
Overview
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.

Show More
Show Less

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. 

Show More
Show Less

Course Specifics

Course ID
1193490
Revision Date
May 24, 2023
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
Qualifies for CA Fraud: Yes
Qualifies for CA Fraud Credits: 1

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Mary S. Schaeffer Headshot

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 »