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.
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
BENEFITS
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
HIGHLIGHTS
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
PREREQUISITES
None
ADVANCE PREPARATION
None