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20WX-2618: Procure-to-Pay Fraud: Detection and Prevention Best Practice (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Monday, February 22, 2021
10:00am - 12:00pm Central Time
2 CPE (2 technical)

For most organizations, the procure-to-pay cycle (P2P) offers extensive opportunity for increased operational efficiency. However, it also provides numerous opportunities for fraudsters to exploit control deficiencies in all three stages--purchasing, receiving and disbursements.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

  • Who commits fraud in each segment of the P2P Cycle and why they do it
  • Inside secrets from actual fraudsters
  • Vendor billing schemes
  • Vendor Master File frauds
  • Shipment diversion/theft schemes
  • Shipping document falsification
  • Latest payments schemes (ACH hijacking, social engineering and more
  • Check fraud and tampering
  • How easy it can be for Procurement to collude with vendors in costly kickback schemes
  • Abusing the competitive bidding process for personal gain
  • Conflicts of interest

Learning objective(s)

  • Conduct a quick and cost-effective Fraud Risk Assessment of Procurement, Receiving and AP
  • Implement effective P2P fraud detection techniques and build audit practices to detect the red flags of the many frauds threatening your P2P operations
  • Implement best-practice anti-fraud control strategies for P2P
  • Advise management on fraud risk mitigation
  • Recommend a better anti-fraud control structure

Who should take this program?

CPAs, bankers, senior financial executives, internal auditors, purchasing managers, AP managers, operations managers, controllers, CFOs, compliance officers, security and risk managers

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (2.0)
Level Advanced
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.